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Cityscape to spotlight new UAE developer ventures

Mar 25

Cityscape to spotlight new UAE developer ventures

Major developers out to lure Abu Dhabi’s property and asset investors maintain ready-made quality infrastructure and attractive payment plans are now key to closing land and villa sales with the UAE capital’s increasingly shrewd buyers.

Cityscape Abu Dhabi is set to feature two prominent new-to-market entries to capture sales with strong infrastructure-and-payment pitches.

Leading the drive will be Tilal, the Sharjah Government and Eskan Real Estate Development joint venture, which will launch the Tilal City mixed-use project touted as ‘New Sharjah’, with a unique mortgage-for-land offering.

The company anticipates the development, which lies on the Emirates Road adjacent to Dubai's border, will prove a breakthrough project for Sharjah with the chance to buy land and build within the emirate’s first master-planned community poised to meet Abu Dhabi buyers’ appetite for tangible assets.

Khalifa Al Shaibani, Director-General of Tilal Properties, said, 'The land plots offered by Tilal Properties this year present a promising investment opportunity and meet the requirements of those seeking long-term residence in the UAE after retirement. It's undoubtedly a valuable opportunity for developers to take advantage of the City's advanced infrastructure.'

He pointed out that work will start over the coming three months to link Tilal City with key exits and entries on the Emirates Road.

'The UAE real estate market is one of the most promising in the region due to a myriad business opportunities, including attractive returns for investors, this is why we've decided to participate in this year's edition of Abu Dhabi Cityscape to promote investment opportunities at Tilal City, in line with the vision of the Government of Sharjah, to launch an innovative model city boasting a strategic location and offering an ideal opportunity for those wishing to own or invest in Sharjah.'

The City will combine Tilal Mall, which, upon completion, will be the largest fully-serviced business centre in the Emirate of Sharjah at an estimated gross area of 2 million square feet and a development cost of AED1 billion.

The second developer is the newly-established, Masdar headquartered SIADAH International Real Estate, which will unveil a brand-new project at Cityscape Abu Dhabi with a special launch offer and payment plan aimed at environmentally-conscious buyers.

'As part of the establishing team of SIADAH Development, I believe that the fundamentals of every successful project are based on understanding the market needs and clients’ demands in terms of delivering quality real estate products and assuring that investors and end-users’ needs are met,' stated Chawqui Derradji, SIADAH’s CEO.

Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Cityscape Abu Dhabi will take place at the Abu Dhabi National Exhibition Centre from 16th-18th April. More than 100 developers and suppliers, as well as some 15,000 plus buyers and investors, are expected at Cityscape Abu Dhabi.

wam