he Launch Of Land Plots At Al Zahia’s Penultimate Neighbourhood Represents A Final Opportunity To Put Down Roots At Sharjah’s Premier Gated Community
Sharjah, UAE: Majid Al Futtaim Communities, part of “Majid Al Futtaim Properties” and Sharjah Holding, today announced the launch of Camelia, the final neighbourhood to be launched at Al Zahia. With 80 individual freehold land plots available, the release represents a superb opportunity for investors and owner-occupiers to create their ideal home in Sharjah’s premier gated community.
Delivering to burgeoning demand from buyers to build their own homes in line with their exact specifications in the emirate, freehold land plots at Camelia range from 2,800 to 8,700 square feet with prices starting at AED 750,000.
From young couples looking to build their first home together to larger families seeking a large villa that caters to a diverse set of lifestyle needs, Camelia has something for everyone. Land plots in the exclusive neighbourhood are zoned for different housing types, from townhouses to three, four and five-bedroom independent villas facilitating a diverse, inspiring, and aesthetically pleasing architectural landscape once the neighbourhood is completed.
Hawazen Esber, Chief Executive Officer, Majid Al Futtaim Communities, comments, ” Camelia represents a rare opportunity to build a lasting legacy within a mature gated community renowned for delivering an exceptional quality of life to everyone who lives, works and plays there. Representing the last opportunity to own a piece of Al Zahia, Camelia also caters to the scarcity of well-located land plots offering developed infrastructure and access to quality amenities.”
Offering ample opportunities for residents to lead an outdoor active lifestyle, Camelia features a lush landscaped park at its heart where residents can gather and connect with nature. The new neighbourhood also benefits from being a short walk away from Al Zahia’s many upscale amenities, including the luxurious Clubhouse with its two resort-style swimming pools, gymnasium and signature restaurant. Al Zahia’s private park, Sharjah’s largest communal green space, is also within walking distance, as is Uptown Al Zahia, a 7,500-sq-m pedestrian area offering multiple retail and F&B experiences, and City Centre Al Zahia, the largest mall in the Northern Emirates.
With Sharjah’s economic indicators showing remarkable growth and the residential real estate market booming, Camelia represents a robust proposition with the potential for significant returns for regional and international investors. The emirate’s recovery is predicted to continue on an upward trajectory, underpinned by a series of initiatives by Sharjah’s Executive Council to promote growth across the real estate sector, increase investor confidence, and facilitate advanced urban diversity.
In 2021, the Sharjah Real Estate Registration Department (RERD) recorded the transaction values of AED 26.2 billion – the highest four years – reflecting a robust year-on-year growth rate of 64.9 per cent. Nearly 17,000 individuals traded in real estate in the emirate in 2021, representing a total of 77 nationalities; the total value of residential real estate investments by GCC nationals last year amounted to AED 20.6 billion, with an additional AED 5.6 billion invested by non-GCC nationals.
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.
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 17 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 29 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, Mall of Oman, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in over 30 markets across the Middle East, Africa and Asia, operating a portfolio of more than 375 outlets including City+, the region’s first checkout-free store, and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region including Ski Dubai, Ski Egypt, Dreamscape, Magic Planet, Little Explorers and iFLY Dubai. The Company is parent to a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde, LEGO and THAT, a Majid Al Futtaim fashion concept store and app. 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.
About Sharjah Holding PJSC
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 center 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.