Shurooq, Eagle Hills unveil AED2.7bn new Sharjah real estate projects
HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, unveiled three real estate projects to be developed in Sharjah, worth AED2.7bn, by a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills.
Shurooq and Eagle Hills will work together in a strategic partnership, represented by Eagle Hills Sharjah Development, a dedicated real estate company that aims to develop the three projects – Maryam Island, Kalba Waterfront, and Palace Al Khan. The large-scale projects, including high-end hospitality facilities in Sharjah, will give a strong boost to the emirates flourishing property sector, setting new benchmarks for housing, hospitality, and retail offerings, as well as lifestyle communities in the emirate.
Commenting on the launch, Sheikha Bodour bint Sultan Al Qasimi, chairperson of Shurooq and Eagle Hills Sharjah Development, said: Sharjah is witnessing a distinctive boom in its diversified economy which has been attracting various investments from business leaders around the world, making the Emirate a premium investment destination for tourism and trade, thanks to the leadership of HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah.
At Shurooq, we dedicate our efforts to working with various government entities in the emirate to establish the groundwork for promising opportunities for several businesses, and to strengthen our infrastructure in support of both public and private sectors. Today, we are gathered to announce a strategic partnership between Shurooq and Eagle Hills in order to launch three new projects that provide unique residential and leisure opportunities to citizens and residents in Sharjah, thanks to our firm belief in the Emirates competencies.
Mohamed Alabbar, chairman of Eagle Hills and vice chairman of Eagle Hills Sharjah Development, said: To us, Sharjah is a symbol of traditional and national values, representing our roots and Arabic culture. It is a place of tolerance and welcoming hospitality that brings warmth to all its citizens and visitors in alignment with the wise vision of HH Sheikh Dr Sultan bin Muhammad Al Qasimi.
Unveiling such prestigious projects in Sharjah with our partner Shurooq demonstrates our commitment to the sustained development of the Northern Emirates. These three developments will offer the local community a whole new level of living and lifestyle experiences that will in turn attract a larger footfall to Sharjah, boost the economy and increase investments in the Emirate. We look forward to a longstanding partnership as we focus on developing these projects to the highest standards of design excellence and build quality.
Kalba Waterfront boasts a magnificent view of a serene lagoon lined by mangroves, surrounded by beautiful natural scenery. The mall offers an outdoor shopping experience, along with a variety of indoor and outdoor restaurants and a children’s play area, in addition to a park around the lagoon, allowing guests to enjoy a relaxing atmosphere and a peaceful retreat on the lakeside promenade. Kalba Waterfront is designed as an integrated family community that aims to meet the needs of visitors and surrounding local communities. The mall features a supermarket, a family entertainment centre, and a large food court.
Maryam Island is the latest addition to Sharjahs burgeoning tourism sector. It is the first waterfront development destination of its kind in the emirate. Nestled in the heart of Sharjah, Maryam Island offers residential apartments and retail outlets, five- and four-star hotels, luxury villas, and waterfront food and beverage outlets, as well as a souq and various facilities such as a spa, a fitness club, a swimming pool, and a childrens play area. Maryam Island is located in downtown Sharjah overlooking the Arabian Sea. It is a premier waterfront plot providing easy access to the whole emirate as well as the neighbouring emirates.
Palace Al Khan
Palace Al Khan represents a splendid addition to Sharjahs elegant skyline and exciting hospitality and tourism offerings. The hotel offers a spectacular blend of nature and state-of-the-art facilities, integrating Sharjahs downtown history with modern waterfront living. Complete with a spa, a fitness club, an outdoor swimming pool, conference facilities and parking, Palace Al Khan is comprised of 87 keys in total, including executive suites.