|10-19-2014, 06:40 PM||#1|
Sharjah launches Tilal City
Tilal Real Estate has launched its first new mega-project, Tilal City, to develop and expand Sharjah`s real estate sector.
Tilal City will be located along Emirates Road, on a total area of 25 million square feet.
The project is formed through an affiliation of Eskan Real Estate Development and the Emirate’s investment arm Sharjah Asset Management and targets the establishment, development and management of real estate projects.
Tilal City follows the previous booming of Sharjah`s real estate sector that showed noteworthy performance last year while rents in the region climbed by 17% during the first half of this year as a result of a stronger housing demand.
Details of the value of the project, its capital, timeline and overall forecasts have not been disclosed to the public yet.
Tilal City is another promising investment opportunity for the UAE property market in general, and projected to attract local and foreign investors into the property market of Sharjah.
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