• Buyers can select premium plots ranging from 5,000 sqft to 12,000 sqft with the option to amalgamate with adjacent plots; prices start from AED 150 per square foot
• Orchid will feature extensive landscaping and parks and provide access to Al Zahia’s Central Park, mosque and Clubhouse, and infrastructure-enabled land will be ready in 2021
SHARJAH, United Arab Emirates-Sunday 15 September 2019 [ AETOS Wire ]
Sharjah
Holding PJSC, a strategic partnership between Majid Al Futtaim
Properties and Sharjah Asset Management, announced the launch of its
newest neighbourhood – Orchid – offering buyers the opportunity to own a
limited number of exclusive residential plots, ranging from 5,000 square feet to 12,000 square feet,
with ready infrastructure at Sharjah’s premier lifestyle destination.
This one-of-a-kind development with a direct connection to the Northern
Emirates’ largest mall – City Centre Al Zahia – and Sharjah’s biggest
private park – Al Zahia Central Park – will offer an unrivalled
lifestyle. For the first time, it will be possible for buyers to design
and build bespoke luxury mansions and villas at Al Zahia.
The
neighbourhood was designed in response to buyers’ growing demand for
premium plots where they can design their own signature homes and enjoy
the amenities of Sharjah’s premium gated community. The plots at Orchid
will spread across the 1.4 million square feet neighbourhood, providing
privacy and a sense of community. The 8,000-12,000 square feet plots are
ideal for villas with 6-8 bedrooms, while the 5,000 square feet plots
will comfortably accommodate a 4-bedroom villa. Buyers can choose to
increase the size of their properties by amalgamating adjacent plots.
Shadi Al
Azzeh, Al Zahia Project Head at Majid Al Futtaim Properties, said, “Al
Zahia has established an excellent reputation by building high quality
homes, creating Sharjah’s most desirable community and fostering a
genuine sense of belonging. Today, we are delighted to launch Orchid,
our latest exclusive neighbourhood that offers both the flexibility of
designing and building your own home and all the benefits and privileges
of Al Zahia’s premier lifestyle. We are constantly striving to meet our
customers’ needs, and the launch of Orchid’s premium plots reflects Al
Zahia’s maturity and appeal and the strong growing demand from
distinctive customers who aspire to create unique homes for their
families at Sharjah’s premier lifestyle destination.”
In addition
to the community’s prime location and the convenience of a direct
connection to the many leisure, entertainment and dining options at City
Centre Al Zahia, buyers can benefit from a range of flexible payment
plans with a down payment of 5%.
Waleed Al
Sayegh, Chairman of Sharjah Holding, stated, “Widely recognised as a
centre for culture, heritage and education, Sharjah is also a hub for
investment. The appeal of the emirate’s advanced infrastructure,
legislation, economic stability and geographic location was reflected in
real estate transactions valued at more than AED 14 billion in the
first half of 2019. Sharjah Holding is committed to a long-term vision
for Sharjah’s growth and we are launching Al Zahia’s newest
neighbourhood to meet the market’s needs.”
In addition
to all the benefits of Al Zahia’s unrivalled lifestyle, home-owners in
Orchid will have the opportunity to create a legacy that can be enjoyed
by future generations. With up to 800 families already in residence and
enjoying great moments every day, Al Zahia is a vibrant community
hosting events and activities designed to foster engagement and promote a
sense of belonging. Prospective owners and investors can get a sense
for the Al Zahia experience by visiting the Show Village.
Strategically
located in the heart of New Sharjah, Al Zahia will be home to more than
12,000 residents in villas, townhouses and apartments with leisure
facilities and prime retail offerings upon completion in 2023. A
pedestrian bridge in the community will provide a direct connection to
the Dh2.6 billion City Centre Al Zahia – a super-regional mall set to
open in 2020 that will position Al Zahia as the emirate’s main
attraction for the greater Sharjah population.
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. Sharjah’s premier
lifestyle destination – 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, 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 Al
Zahia, Sharjah’s premier lifestyle destination.
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 43,000 people,
and obtaining the highest credit rating (BBB) among privately-held
corporates in the region.
Majid Al
Futtaim owns and operates 25 shopping malls, 13 hotels and four
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 37
markets across the Middle East, Africa and Asia, and operates a
portfolio of more than 270 outlets in 15 countries.
Majid Al
Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet
family entertainment centres across the region. In addition to iconic
leisure and entertainment facilities such as Ski Dubai, Ski Egypt, among
others. The Company is parent to the consumer finance company 'Najm',
and a Fashion and Home retail business representing international brands
such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate
& Barrel and Maisons du Monde. 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
Farah Al Obaidi, Head of Media Relations, +97143298996, +971503323158
f.ahmed@saharapr.com / www.saharagcc.com
