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Alef Group Launches Olfah Project, Valued At AED 2.5 Billion
Alef Group, the leading real estate development company in the Emirate of Sharjah, proudly announces the launch of its latest residential project, Olfah. Positioned as the development with Sharjah’s largest private community park,Olfah, the AED 2.5 billion project, offers a genuine and immersive living experience that combines luxury, comfort, and vast natural landscapes. The project spans 84,814.40 square meters and comprises twelve buildings, each rising between 9 and 11 stories, set upon a unified platform. Designed with the well-being of residents in mind, Olfah seamlessly integrates residential and commercial spaces, offering Alef Group, the leading real estate development company in the Emirate
Arada Successfully Concludes $150 Million Tap Of Existing $400 Million Sukuk Issuance
Arada has successfully closed a $150 milliontap of its existing $400million sukuk,which was issued in June and listed on both the London Stock Exchange and Nasdaq Dubai.Part of the master developer’s $1 billion Sukuk programme, the tap took the issuance over benchmark size to $550 million. The tap was priced at $102.54 with tap yield of 7.35% (representing a 15bps tightening from Initial Pricing Thoughts). Excluding Joint Lead Managers’ demand, the subscription orderbook peaked at over $480 million, 3.2 times the offer size. Arada’s existing five-year fixed rate RegS debut Sukuk issuance is rated BB- by Fitch and B1 by Moody’s. Ahmed Alkhoshaibi,
Shurooq’s Beachfront Project Ajwan Khorfakkan Attracts Strong Investor Interest At Sharjah Investment Forum 2024
The Sharjah Investment and Development Authority (Shurooq) showcased its key projects, including Ajwan Khorfakkan, Maryam Island, and Sharjah Sustainable City, at the 7thedition of the Sharjah Investment Forum held on 18-19 September, under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. During the forum, a key highlight was the exhibit featuring Shurooq’s residential project Ajwan, located in the picturesque city of Khorfakkan. With its strategic location, breathtaking views of the Gulf of Oman, and majestic mountains, the project seamlessly blends natural beauty with elegant living spaces. During the two-day
Arada Finishes Another 1,000 Homes At Masaar As Sharjah’s Forested Community Reaches 50% Completion Mark
Aradahas finished the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. All 986 homes in the Kaya and Robinia districts have now begun the handover process as one of the UAE’s most exciting new master communities reaches the 50% completion mark. Villas and townhouses in Kaya and Robinia range from two-bedroom townhouses to five-bedroom Forest Villas, all of which are equipped with smart home features and located next to Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’ containing 70,000 trees. The home deliveries come shortly after a visit from HH Sheikh Dr
FAM Holding Is Handing Over Art Tower Units In Sharjah
FAM Holding Group, the leading UAE-based real estate developer, has revealed the completion of the “Art Tower” project overlooking Al Nahda Street, opposite Sahara Mall on the border line between Sharjah and Dubai. The “Art Tower” consists of 18 residential floors, and includes 160 residential apartments with various designs and different spaces that suit all needs and requirements. The tower is distinguished by its location, and surrounded by many vital centers such as major shopping malls and daily service outlets, which adds to an integrated lifestyle. The units of the "Art Tower" project vary between Studios, one bedroom, two-Room apartments, all designed
Alef Group Announces 90% Unit Sales At Arim & Alma Neighbourhoods
Alef Group, the leading real estate development company in Sharjah, proudly announces that 90% of the units in the Arim and Alma neighbourhoods within the Hayyan development have been sold. This milestone represents the sale of 1,131 units, reflecting strong market demand and confidence in Alef Group’s vision for Hayyan. Issa Ataya, CEO of Alef Group, commented: "The overwhelming response to Arim and Alma underscores our commitment to creating premium, sustainable communities that resonate with residents. We are excited to continue this momentum with the launch of a new zone at Hayyan in the near future." Arim Neighbourhood Arim neighbourhood, featuring 848 units,
Arada Marks International Debut With Expansion Into High-Demand Australian Residential Market
Arada has announced its first expansion outside its home UAE market with the launch of operations in Australia. The Dubai-based master developer has set up a new office in the Sydney suburb of Pyrmont, and is already planning multiple projects in Australia’s most populous city. Valued at AED6 billion, Arada’s extended pipeline of projects will aim to contribute towards urban renewal required to address the current housing shortage in Sydney. Adding over 2,500 homes to the Sydney housing market, sales and construction for Arada’s initial projects will begin in 2025. With significant land holdings, the sites will deliver extensive commercial and
Alef Group Completes Hayyan Master Infrastructure Project
Alef Group, the leading real estate development company in Sharjah, has announced the completion of the master infrastructure for the Hayyan development. The project includes the Arim and Alma neighbourhoods which are progressing ahead of schedule, showcasing Alef Group's commitment to delivering exceptional residential projects. IssaAtaya, CEO of Alef Group said: "The completion of the master infrastructure at Hayyan and the ahead-of-schedule progress in the Arim and Alma neighbourhoods reflect our unwavering commitment to creating exceptional living environments. We are dedicated to providing high-quality, sustainable residential options that enrich the lives of our residents." Arim Neighbourhood Arim neighbourhood consists of 848 units and provides
Unveiling AlThuraya Island Paradigm Of Serene Island Living And Architectural Grace
AJMAL MAKAN Real Estate Development, a leading UAE-based master Real Estate developer of cities and mixed-use master-planned communities, has chosen XBD Collective, a multi-award-winning design and architecture firm with offices in Dubai, London, and Kochi, to refine and evolve the master plan for AlThuraya Island, located atthe heart of the iconic AJMAL MAKAN City – Sharjah Waterfront project. Situated on Al Hamriyah Beach in the Emirate of Sharjah,35 minutes northeast of Dubai, AlThuraya Island introduces an unparalleled residential retreat on its five million square feet paradise. Set against the backdrop of pristine beaches and enchanting rocky edges, the island is poised to redefine