Real Estate

Tilal City and an overview (below).

Tilal City and an overview (below).

Tilal city goes up

December 2014

CONSTRUCTION work is in progress on the infrastructure of the Dh2-billion ($544 million) Tilal City, a vibrant mixed-use neighbourhood for 65,000 residents, in Sharjah, UAE.

Incorporating a distinctive design, sustainable infrastructure and recreational facilities to support high-quality affordable living, the landmark development will provide a ‘live, work and play’ environment, with its combination of retail, office, residential and recreation facilities. Tilal City is conveniently located on Emirates Road, close to the Al Dhaid interchange, and 10 km from Sharjah International Airport.

The proposed masterplan aims to create a socially sustainable community, divided into four major zones, consisting of neighbourhoods and clusters, linked together via green public spaces and corridors. They will centre around a shopping mall and central park and contain a mix of villas, apartments and town houses.

Infrastructure work on the first three zones of the project is expected to be completed by December 2016.

The mixed-use development will offer land plots of various sizes to appeal to a wide variety of purchasers and will be sold freehold to GCC and Arab nationals, with a valid UAE resident visa while non-Arab expats can purchase plots on a 100-year lease, provided they hold a valid UAE resident visa.

This is the first time a leasehold of this tenure has been offered in Sharjah, says international real estate consultancy Cluttons, which has partnered with its developer Tilal Properties – a newly formed joint venture between Sharjah Asset Management and Eskan Real Estate Development – to provide a fully integrated sales and marketing solution for Tilal City.

With its integrated consultancy offering, Cluttons has provided a wide range of services from project conception, throughout the 36-month development phase of Tilal City, undertaking market studies and benchmarking exercises.

As the exclusive real estate partner for the project, Cluttons will continue to work in partnership with Tilal Properties right through to completion.

Steve Morgan, Cluttons Middle East CEO, says: “Our consultancy team has a track record of advising on complex and innovative projects such as Tilal City. With more than 30 years of experience in Sharjah, we can combine our strategic advice with strong local market intelligence, making us ideally placed to work alongside the Government of Sharjah.

“Providing a totally integrated sales solution from pre-development, right up to fully operational assets, allows us to steer how the product is taken to market and enables clients to focus their efforts and expertise on the project delivery.”

“This is an historic milestone in the development of Sharjah, and we are already recording a strong interest in plots and expect this groundbreaking development to pave the way for further similar developments in the near future,” he adds.

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