Tilal Real Estate company has announced that the purchased lands percentage in Tilal project has unexpectedly increased to reach 40% after two weeks of launching.
Tilal project is considered the first project of its kind in El Sharqa state, as it provides for the first time the chance for non-Emirati residents to buy and purchase.
The project gives the right for non-Arabian residents as well to rent lands for 100 years. This unprecedented chance only offered by Tilal Real Estate is considered the main reason behind the surging demand rate between Arab and foreign investors.
Two billion Durhams is the market value of Tilal project, it includes more than 1800 pieces of land stretched on 25 million square feet. Beside residential units, the project will include recreational units, schools, mosques, and public facilities.
The project is expected to occupy more than 55 thousand dwellers. The project’s infrastructure construction phase, which has already begun in the first three areas, is expected to finish on December 2016.