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AED 700 million development launches in Sharjah

Development in Sharjah

March 2015

Sharjah-based luxury property development and management company, JMS Property Development & Management, has launched Al Rayyan, a mixed use, multi-purpose development project strategically located in Sharjah’s popular Al Nadha district. The AED 700 million development, which spans a total of 251,000 sqm/2,700,000 sq ft will feature a unique combination of residential, commercial and retail units, with leasehold agreements available to non-GCC UAE residents for the first time in the emirate.

“The Al Rayyan development contains many ‘firsts’ for Sharjah. Mixed-use developments have coupled the residential offering with retail and leisure facilities, or with commercial space, but this is the first to combine all three lifestyle elements of living, leisure, and work,” says Randa Kamal, CEO of JMS Property Development & Management.

“We are also delighted to be offering leaseholds to non-GCC expatriates,” he adds.

Comprising of two residential towers, a commercial tower, and a retail complex, Al Rayyan is designed by architectural firm B&H. The development contains a total of 504 residential units, with full access to men and women’s spa facilities, landscaped leisure areas and 24-hour security. Residential design and fit-out will be contemporary, with a focus on quality.

“Al Rayyan will attract buyers seeking a high quality family lifestyle, and those seeking a convenient location. The Al Nadha district is only 10km from Dubai airport, and is in easy range of the commercial centres of both Dubai and Sharjah. Meanwhile, the American University of Sharjah and Sharjah University are both nearby, so this will be a popular location for GCC students looking to remain in the UAE to work and live. With freehold property available to locals and leasehold available to all expatriate UAE residents, we expect residential, commercial and retail units at Al Rayyan to be in high demand,” says Steve Morgan, CEO of Cluttons Middle East.