Sharjah Launches AED 2 bln Tilal City project

19/11/2014 Argaam

Sharjah-based Tilal Properties launched on Tuesday Tilal City, a AED 2 billion mixed-use community being developed over an area of 25 million square feet.

 

The new project will allow residents to own land for a period of 100 years, according to Sharjah’s new real estate regulations, said Sultan bin Ahmed Al-Qassimi, chairman of the company.

 

Tilal City is just one of many real estate projects that the company is currently developing, he added.

 

The project will dedicate around 13 million square feet units on sale, while 12 million square feet will be dedicated to public facilities, roads, and parks. 

 

It will also have 1,800 land plots and will be split into five zones featuring apartments, villas, retail space, and townhouses. 

 

Tilal Properties is a new joint venture between the Emirate’s investment arm Sharjah Asset Management firm and Eskan Real Estate Development.

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