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Tilal Properties has sold 70 per cent of land plots within two zones of Tilal City, the first mixed-use community in Sharjah. Launched in November, it comprises 1,855 land plots, offering UAE residents the opportunity to buy or lease land and develop property in Sharjah for the first time.
Non-Arab expats can purchase land plots on a 100-year leasehold basis, while freehold land plots are available for GCC nationals and Arab residents.
Split into five zones, the master-planned community will occupy an area of 25 million sq ft. Tilal Properties says it aims to provide high-quality, affordable housing for 55,000-65,000 residents in apartments, villas and town houses.
“Tilal City is the first development of its kind in Sharjah to present such a broad range of investment opportunities,” said Khalifa Al Shaibani, Director General of Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development.
The developer said all available plots in zones A and C, which will be the first to be handed over by the end of next year, have been sold. Comprising 296 apartment buildings, the land within zone A has also been earmarked for the development of three schools, two community centres and a mosque among other community infrastructure.
Zone C, the largest of the five, comprises 673 residential villas with the option to build town houses, and semi-detached or detached villas. It will feature parks, a mosque, and educational and community facilities.
Source: Property Weekly