Invest in a lasting legacy with Camelia in Al Zahia
Sharjah, United Arab Emirates: Majid Al Futtaim Communities, part of “Majid Al Futtaim Properties” and Sharjah Holding, today announced the launch of Camelia, the latest neighborhood to be launched in Al Zahia. With 80 individual freehold plots available, the release represents a superb opportunity for investors and owner-occupiers to create their ideal home in Sharjah’s premier gated community.
Responding to the growing demand from buyers to build their own homes to their exact specifications in the emirate, Camelia’s freehold land ranges from 2,800 to 8,700 square feet with prices starting at AED 750,000.
From young couples looking to build their first home together to large families looking for a large villa that meets a diverse set of lifestyle needs, Camelia has something for everyone. Land within the exclusive neighborhood is zoned for different types of housing, from townhouses to freestanding three-, four-, and five-bedroom villas, facilitating a diverse, inspiring, and aesthetically pleasing architectural landscape once the neighborhood is complete.
Hawazen Esber, CEO of Majid Al Futtaim Communities, comments: “Camelia represents a rare opportunity to build a lasting legacy within a mature gated community renowned for providing an exceptional quality of life for all who live, work and live there. entertained there. The last opportunity to own a piece of Al Zahia, Camelia also responds to the scarcity of well-located land offering developed infrastructure and access to quality amenities.
Offering plenty of opportunities for residents to lead active outdoor lives, Camelia has lushly landscaped grounds at its heart where residents can gather and connect with nature. The new neighborhood also benefits from being just steps away from Al Zahia’s many high-end amenities, including the luxurious Clubhouse with its two resort-style swimming pools, gymnasium and exclusive restaurant. Al Zahia Private Park, Sharjah’s largest communal green space, is also within walking distance, as is Uptown Al Zahia, a 7,500 sqm pedestrian area offering multiple retail and dining experiences, and City Center Al Zahia, the largest shopping center in the North. Emirates.
With Sharjah’s economic indicators showing remarkable growth and the residential real estate market booming, Camelia represents a solid proposition with the potential for significant returns for regional and international investors. The emirate’s recovery is expected to continue on an upward trajectory, supported by a series of initiatives from Sharjah’s Executive Council aimed at promoting growth in the real estate sector, increasing investor confidence and facilitating advanced urban diversity.
In 2021, the Sharjah Real Estate Registration Department (RERD) recorded transaction values of AED26.2 billion – the highest four years – reflecting a solid growth rate of 64.9% year-on-year. Nearly 17,000 individuals traded in the emirate in 2021, representing a total of 77 nationalities; the total value of residential real estate investments by GCC nationals last year was AED20.6 billion, with an additional AED5.6 billion invested by non-GCC nationals.
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Media Contact:
Katharina Mayr, Public Relations and Communications Manager
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About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a major development that will help diversify the property sector in the emirate of Sharjah. Sharjah’s premier lifestyle destination – rooted in the emirate’s family, community and cultural values - Al Zahia lives up to the high quality international building standards for which its developer, Majid Al Futtaim Properties, is known.
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About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the pioneer of shopping malls, communities, retail and leisure in the Middle East, Africa and Asia.
A remarkable business success, Majid Al Futtaim started from the vision of one man to transform the face of shopping, entertainment and leisure in order to “create great moments for everyone, every day”. It has since grown into one of the most respected and successful companies in the UAE, spanning 17 international markets, employing over 43,000 people and achieving the highest credit rating (BBB) among companies. private in the region.
Majid Al Futtaim owns and operates 29 shopping malls, 13 hotels and four mixed-use communities, with other developments underway in the area. The mall portfolio includes Mall of the Emirates, Mall of Egypt, Mall of Oman, City Center malls, My City Center neighborhood malls and five community malls which are in joint venture with the Sharjah government. The Company is the exclusive franchisee of Carrefour in more than 30 markets in the Middle East, Africa and Asia, operating a portfolio of more than 375 points of sale, including City+, the first cashless store in the region, and a boutique in line.
Majid Al Futtaim operates over 500 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences in the region, including Ski Dubai, Ski Egypt, Dreamscape, Magic Planet, Little Explorers and iFLY Dubai. The company is the parent company of a fashion, home and specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon Athletica, Crate & Barrel, Maisons du Monde, LEGO and That, a Majid Al Futtaim fashion concept store and app.. Additionally, Majid Al Futtaim operates Enova, a facilities and energy management company, through a joint venture with Veolia, a global leader in optimized environmental resource management.
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About Sharjah Holding PJSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community-driven property developer. Currently, Sharjah Holding is focused on developing and managing retail and mixed-use projects in the emirate of Sharjah. These include Matajer, a neighborhood shopping center concept, and Al Zahia, Sharjah’s premier lifestyle destination.
Disclaimer: All facts and figures contained in this release are correct at the time of publication.