Sharjah, United Arab Emirates -Monday, March 13th 2017 [ ME NewsWire ]
Sharjah Holding PJSC, a strategic partnership between the government of Sharjah and Majid Al Futtaim Properties, announced that Al Zahia, Sharjah’s first master planned integrated residential community, has delivered its 200th home as part of the Al Jouri neighbourhood handover which commenced earlier this year.
Structured in the form of seven individually designed neighbourhoods, Al Zahia is handing over 199 homes as part of the ongoing delivery of phase two of the Al Jouri neighbourhood, bringing the total number of homes in the neighbourhood to 250. Specifically designed to meet the needs of the whole family, the Al Jouri neighbourhood boasts a number of top-tier amenities including a children’s playground, two parks, integrated footpaths and a basketball court.
Commenting on the milestone, Hawazen Esber, CEO of Communities at Majid Al Futtaim Properties, said: “The delivery of our 200th home, as part of the second handover, asserts our solid commitment to the development of the Al Zahia community and the neighbourhoods within it. Al Zahia is a true representation of our vision to create great moments for our residents and is fast becoming the destination of choice in Sharjah.”
The handover not only represented a landmark occasion for Al Zahia but was also a memorable event for the families joining the community.
“I am delighted to be here with our new residents today and celebrating this occasion. We look forward to seeing Al Zahia go from strength to strength with the scheduled completion of our additional neighbourhoods in the coming years,” added Esber.
Walid Al Hashimi, Chief Executive Officer, Sharjah Holding, said: “We are pleased with the successful second handover of homes to our new homeowners, who had their trust in Al Zahia from the beginning. Delivering within the scheduled timeframe, while maintaining the high standard and quality that the community is known for, is proof of Sharjah Holding’s commitment to offer the best to those who choose the Emirate of Sharjah as their home.”
Al Hashimi added: “Sharjah Holding is working on creating the ideal environment to live in, establishing a community with safe, comfortable surroundings and green, open spaces where families and residents living in the community coexist with nature.”
Within this new community there are areas for recreation, worship and childcare, in addition to six themed parks, communal areas and retail facilities – creating the ideal environment for a contemporary community lifestyle, steeped in Sharjah's traditional Arab values.
In addition, Al Zahia’s second neighbourhood, Al Narjis, is 88% sold and currently under construction, indicating a growing appetite for owning a home in Al Zahia.
Al Zahia is a milestone community strategically located between Sheikh Mohammed bin Zayed Road and University City Road, with convenient road network links connecting it to the rest of Sharjah and just minutes away from Healthcare City, University City, the school district and the adjacent Al Qarayen neighbourhood.
Adhering to the highest international standards of environmental sustainability, Al Zahia is also the first BREEAM-certified residential development in the UAE and the Middle East.
Disclaimer: All facts and figures in this release are accurate at the time of issuance
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. As Sharjah’s first integrated, mixed use gated community – 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.
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About Sharjah Holding PJSC
Sharjah Holding, a strategic partnership between the Government of Sharjah and Majid Al Futtaim Properties, 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 centre concept, and a major integrated mixed-use community.
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.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).
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 15 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 20 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates,
City Centre malls and My City Centre neighbourhood centres, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and operates a portfolio of more than 160 outlets in 15 countries.
Majid Al Futtaim operates 194 VOX Cinema screens and 26 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and ‘Voyager’ credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
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