● Neighbourhood construction going full steam ahead with 224 homes to be handed over by mid-2018
● Scheduled handover supported by an attractive new payment plan, designed to provide buyers with flexible financing options
● Sharjah's premier residential destination of choice properties showcased at the International Real Estate & Investment Show in Abu Dhabi
Sharjah, United Arab Emirates-Wednesday, November 1st 2017 [ AETOS Wire ]
Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim - Properties and Sharjah Asset Management Holding, today announced that its Al Narjis neighbourhood homes handover in Al Zahia, Sharjah's premier mixed-use community, will commence by mid-2018. With the handover plans, Al Zahia will be home to 460 families living in its two neighbourhoods, Al Jouri and Al Narjis.
Al Narjis, Al Zahia’s second neighbourhood, features a variety of townhouses and villas tailored to offer an integrated lifestyle for the whole family. The neighbourhood will also comprise a water
activities park, one of the six themed community parks, created to encourage social activities among its residents. In September 2017, Al Zahia also launched the second phase of its third neighbourhood, Al Lilac, with the release of 61 luxury four and five-bedroom villas. The neighbourhood will be home to over 285 families upon completion in 2020.
Shadi Al Azzeh, Development Director, Al Zahia, at Majid Al Futtaim - Communities, said, “With a steadfast commitment to deliver on our promise, Al Zahia has become Sharjah's residential community of choice with over 460 families to be integrated within its neighbourhoods by next year. The handover of Al Narjis neighbourhood will mark another milestone for Al Zahia and demonstrates our ability to deliver a community that offers its residents the highest quality of living standards. We look forward to welcoming more families to be part of our community, creating their great moments,
every day.”
The scheduled handover is supported by a new attractive payment plan that allows buyers to secure their homes with a 5% down payment and the remaining 95% payable on handover by mid-2018. Al Zahia has partnered with Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Dubai Islamic Bank to provide buyers with flexible financing options.
As a premium lifestyle destination, Al Zahia offers its residents an integrated living experience with six themed parks as well as mosques and a variety of authentic food and beverage outlets.
Community activities are a frequent feature of its parks, with children’s entertainment events and monthly outdoor film screenings organised in collaboration with Majid Al Futtaim’s VOX Cinemas.
Strategically located between Sheikh Mohammed bin Zayed Road and University City Road,
Al Zahia is also adjacent to City Centre Al Zahia, currently under construction and due to open in 2020. The mall will offer a diverse mix of over 360 retail brands and is anchored by a 15,100 sqm Carrefour Hypermarket. It will also feature a 16-screen VOX Cinemas and a 2,350 sqm Magic Planet. City Centre Al Zahia architectural design is driven by Majid Al Futaim’s commitment to sustainable, environmentally-sound building practices. There will also be an external food and beverage precinct, located at the mall entrance with covered al fresco seating.
Al Zahia is showcasing its premium residential offerings at this year’s International Real Estate & Investment Show 2017 (IREIS) as a Gold Sponsor. The three-day exhibition, taking place at ADNEC in Abu Dhabi between 2-4 November, brings together decision makers and experts in the property sector from all over the globe and gives consumers the opportunity to learn more about the local and international real estate market.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. As Sharjah’s first integrated, mixed use gated community – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.
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About Sharjah Holding JSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management Holding, is a community focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and a major integrated mixed-use community.
Note to the Editor: The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 39,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 21 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 38 markets across Middle East, Africa and Asia, and operates a portfolio of more than 210 outlets in 15 countries.
Majid Al Futtaim operates 284 VOX Cinema screens and 31 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maison du Monde; and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
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Contacts
SAHARA Communications
Ghyna Kurdy, Sr. Account Manager
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