Sharjah Property

Sharjah Property Although Sharjah tried to follow Dubai's lead in property development, the Emirate has not been able to successfully establish a freehold property law. As a result, properties in Sharjah are still leasehold. Investors who are being priced out of Dubai are now considering Sharjah as an excellent alternative investment opportunity. With prices still far behind Dubai and rental demand growing, Sharjah is experiencing the front end cycle of a property boom. Investors are beginning to cash in with the launch of the largest project in Sharjah called Nujoom Islands.

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Nujoom Islands

Nujoom Islands, also referred to as Stars Islands, is the largest commercial, residential and tourism development project in the city of Sharjah. The US$4.9 billion project will be built in three stages, over a period of 5 years, near the village of Hamriya. 60% of Nujoom Islands will be landscaped with beaches, gardens, parks, and roads, while the remaining 40% will contain structures. The project is being developed by Saudi-based real estate company Al Hanoo Holding Company. Have you invested in this project and realised a return? Do you have any inside information on this project and construction? Share your thoughts and views.

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