First phase of Sharjah Sustainable City will be completed in September 2021 featuring 280 villas
The Sharjah Investment and Development Authority (Shurooq) has shared the new developments being witnessed across its portfolio of latest large-scale real estate, tourism, commercial and hospitality projects, in line with the gradual reopening of businesses across the UAE.
In a press communique the investment authority affirmed that preventative measures to curb the spread of the coronavirus will be implemented effectively across all its sites to ensure the safety of Shurooq’s staff and workers.
Shurooq is developing an array of projects in strategic partnership with leading international companies that offer a range of investment opportunities including renewal energy, healthcare, logistics and hospitality.
Amongst the list of projects scheduled for completion this year and some of the signature projects that will be completed within the next two years includes the House of Wisdom, Sharjah Sustainable City and Avenues Mall Sharjah
Stimulating economic growth
“As businesses are gradually returning to normal, Shurooq is responding to the crisis and helping drive recovery to preserve the resilience and stability of the economy as well as ensure that the growth in all sectors is balanced,” observed Marwan Bin Jassim Al Sarkal, Executive Chairman, Shurooq
Resuming construction activities to get on the fast-paced track to growth will ensure the sustainability of the development process and the consolidation of a knowledge-based economy that is capable of attracting assets and investments from around the world, he added.
The House of Wisdom: An iconic cultural destination
Launched on April 23, 2019, in celebration of the Sharjah World Book Capital 2019 – a prestigious UNESCO honour recognising Sharjah’s ongoing cultural journey and achievements, the House of Wisdom project reflects the importance given to books and knowledge in the emirate.
The 12,000sqm project, characterised by iconic design elements, contemporary Arabic architecture, and interactive facilities, is scheduled for inauguration in the fourth quarter of 2020.
Developed by Shurooq and designed by British architectural design and engineering firm, Foster & Partners, the House of Wisdom comprises of indoor and outdoor reading spaces and will feature a 105,000-book collection when it is fully operational.
A Sustainable City with green, smart services
Shurooq’s commitment to meet Sharjah’s vision to promote ‘green’ investments in the emirate has led to the launch of Sharjah Sustainable City, in partnership with Diamond Developers.
The AED 2bn (US$ 545mn) project encompassing 7.2mn sqft comprises world-class environmentally friendly residential units, green houses with modern technology and vertical farms, driverless cars, a multi-service commercial centre and a school. The unique diversity in the mixed-use urban project represents a quantum leap in the form and function of Sharjah’s real estate sector.
Shurooq has revealed that phase one of the project, including 280 villas, is expected to be delivered in September 2021.
Maryam Island: Ultimate leisure and lifestyle destination
Located in downtown Sharjah overlooking the Arabian Sea, Maryam Island, is one of Sharjah’s largest real estate projects and is developed by the ‘Eagle Hills Sharjah Development’, a joint venture between Shurooq and Eagle Hills.
Nestled in the centre of Sharjah, Maryam Island offers an array of luxury residential apartments, four- and five-star hotels, waterfront food and beverage outlets, cafés, retail shops, leisure facilities, a dock, and green spaces.
The AED 4.5bn (US$ 1.225bn) venture extends over an area of 460,000sqm.
A compelling waterfront shopping experience in Kalba
The Kalba Waterfront, the largest retail and first inclusive waterfront destination in Kalba developed by ‘Eagle Hills Sharjah Development’, a joint venture between Shurooq and Eagle Hills, is part of the Kalba Eco-Tourism Project.
The AED 160mn (US$ 43.6mn) Kalba Waterfront boasts a magnificent view of a serene lagoon lined by mangroves and has a total built-up area of 17,000sqm. The shopping mall features 86 retail outlets, a supermarket, a family entertainment centre, and a large food court.
Palace Al Khan: Seafront hospitality retreat
Located in downtown Sharjah overlooking the Arabian Sea and, Palace Al Khan is the third project developed under the ‘Eagle Hills Sharjah Development’ banner. Complete with a spa, a fitness club, an outdoor swimming pool, conference facilities and parking, the AED 120mn (US$ 32.7mn) Palace Al Khan comprises 88 executive suites.
Avenues Mall Sharjah: Family-focused retail offering
Shurooq is enhancing Sharjah’s retail climate with the Avenues Mall Sharjah, a 65,000 sqm venture developed in partnership with leading Kuwaiti real estate developer, Mabanee, in a vibrant area near the Mughaider suburb at the junction of Sheikh Mohamed Bin Zayed and Al Dhaid Road in Sharjah.
