Sharjah Oasis Real Estate Developments, the Sharjah-based real estate developer, announced that it has successfully sold 65% of the residential villas of Sharjah Waterfront City within less than one month.
In his comment on the progress, Sheikh Abdullah Al Shakrah, Chairman of Sharjah Oasis Real Estate explained that the sales of the villas spiked up because the company’s lucrative offer. Al Shakrah added that the offer is for a limited time and limited number of units and that the units’ prices will continue to rise as the Sharjah Waterfront City moves closer to its completion date.
Sharjah Waterfront City will be the largest mixed-use community in Sharaj and the third largest community on all of the UAE. It is being developed at the cost of $6.8bn on an area that spans more than 60 million square meters with the capacity to house 60,000 residents.
The first phase of the community is being built on Sun Island and it includes 320 villas to be handed over to their owners at the end of 2019.
The project will comprise 95 high-rise towers, 1,500 villas and townhouses and 14 hotels and serviced apartments. In addition to that, the project will comprise high-end entertainment facilities including two shopping malls, a water theme park, and a marina.