Real Estate

Al Rayyan ... an overview.

Al Rayyan ... an overview.

First for Sharjah

April 2015

Al Rayyan will offer apartments also to non-GCC UAE residents

Sharjah-based luxury property development and management company JMS Property Development and Management recently launched Al Rayyan, a mixed-use development project strategically located in the UAE emirate’s popular Al Nadha district.

The Dh700-million ($190.5 million) development, which spans a total area of 251,000 sq m, will feature a combination of residential, commercial and retail units with leasehold agreements available to non-GCC UAE residents for the first time in the emirate.

Comprising two residential towers, a commercial tower and a retail complex, Al Rayyan has been designed by architectural firm B&H. The development contains a total of 504 spacious residential units, men and women’s spa facilities, landscaped leisure areas and 24-hour security. Residential design and fit-out will be contemporary, with a focus on quality.

Describing the interiors of the residential units, Tonu Altosaar of B&H, says: “Apartments will be laid out in a modern international style, with open counter sections connecting the kitchen with the lounge area. Bathrooms will be in a contemporary style, while kitchens will have clean lines and high-quality natural stone surfaces. All bedrooms will contain built-in wardrobes, while floor-to-ceiling windows will maximise natural light throughout apartments.”

Commercial units will be sold to businesses on a ‘shell-and-core’ basis, giving companies the freedom to create their own office space with an outfitter of choice. The top 12 floors of the commercial tower will be serviced apartments catering to the multinational enterprises that would have visiting team members meeting their Sharjah-based colleagues.

The development will also include a mall anchored by a hypermarket spread over 19,000 sq m, as well as 80 to 90 shops.

Randa Kamal, CEO of JMS Property Development and Management, comments: “The Al Rayyan development contains many firsts for Sharjah. Mixed-use developments have coupled the residential offering with retail and leisure facilities, or with commercial space, but this is the first to combine all three lifestyle elements of living, leisure, and work. Al Rayyan will provide tenants and owners with an environment that is unsurpassed for quality of life, and that complements modern family living in Sharjah. We are also delighted to be offering leaseholds to non-GCC expatriates.”

JMS Property Development and Management plans to complete Al Rayyan’s residential and retail buildings by the end of the Q1 2016. The commercial tower will open its doors before the end of Q2 2016.

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