Press Release
September 10, 2019
REAL ESTATE
Buyers can select premium plots ranging from 5,000 sqft to 12,000 sqft with the option to amalgamate with adjacent plots; prices start from AED 150 per square foot
Orchid will feature extensive landscaping and parks and provide access to Al Zahia’s Central Park, mosque and Clubhouse, and infrastructure-enabled land will be ready in 2021
Sharjah: Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, announced the launch of its newest neighbourhood – Orchid – offering buyers the opportunity to own a limited number of exclusive residential plots, ranging from 5,000 square feet to 12,000 square feet, with ready infrastructure at Sharjah’s premier lifestyle destination. This one-of-a-kind development with a direct connection to the Northern Emirates’ largest mall – City Centre Al Zahia – and Sharjah’s biggest private park – Al Zahia Central Park – will offer an unrivalled lifestyle. For the first time, it will be possible for buyers to design and build bespoke luxury mansions and villas at Al Zahia.
The official launch of Orchid neighbourhood will be held at Al Zahia Sales & Experience Centre from 1pm to 8pm on Saturday 14th September.
The neighbourhood was designed in response to buyers’ growing demand for premium plots where they can design their own signature homes and enjoy the amenities of Sharjah’s premium gated community. The plots at Orchid will spread across the 1.4 million square feet neighbourhood, providing privacy and a sense of community. The 8,000-12,000 square feet plots are ideal for villas with 6-8 bedrooms, while the 5,000 square feet plots will comfortably accommodate a 4-bedroom villa. Buyers can choose to increase the size of their properties by amalgamating adjacent plots.
Shadi Al Azzeh, Al Zahia Project Head at Majid Al Futtaim Properties, said, “Al Zahia has established an excellent reputation by building high quality homes, creating Sharjah’s most desirable community and fostering a genuine sense of belonging. Today, we are delighted to launch Orchid, our latest exclusive neighbourhood that offers both the flexibility of designing and building your own home and all the benefits and privileges of Al Zahia’s premier lifestyle. We are constantly striving to meet our customers’ needs, and the launch of Orchid’s premium plots reflects Al Zahia’s maturity and appeal and the strong growing demand from distinctive customers who aspire to create unique homes for their families at Sharjah’s premier lifestyle destination.”
In addition to the community’s prime location and the convenience of a direct connection to the many leisure, entertainment and dining options at City Centre Al Zahia, buyers can benefit from a range of flexible payment plans with a down payment of 5%.
Waleed Al Sayegh, Chairman of Sharjah Holding, stated, “Widely recognised as a centre for culture, heritage and education, Sharjah is also a hub for investment. The appeal of the emirate’s advanced infrastructure, legislation, economic stability and geographic location was reflected in real estate transactions valued at more than AED 14 billion in the first half of 2019. Sharjah Holding is committed to a long-term vision for Sharjah’s growth and we are launching Al Zahia’s newest neighbourhood to meet the market’s needs.”
In addition to all the benefits of Al Zahia’s unrivalled lifestyle, home-owners in Orchid will have the opportunity to create a legacy that can be enjoyed by future generations. With up to 800 families already in residence and enjoying great moments every day, Al Zahia is a vibrant community hosting events and activities designed to foster engagement and promote a sense of belonging. Prospective owners and investors can get a sense for the Al Zahia experience by visiting the Show Village.
Strategically located in the heart of New Sharjah, Al Zahia will be home to more than 12,000 residents in villas, townhouses and apartments with leisure facilities and prime retail offerings upon completion in 2023. A pedestrian bridge in the community will provide a direct connection to the Dh2.6 billion City Centre Al Zahia – a super-regional mall set to open in 2020 that will position Al Zahia as the emirate’s main attraction for the greater Sharjah population.
ENDS
About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. Sharjah’s premier lifestyle destination – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.
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About Sharjah Holding JSC
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community-focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed-use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and Al Zahia, Sharjah’s premier lifestyle destination.
The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 25 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa and Asia, and operates a portfolio of more than 270 outlets in 15 countries.
Majid Al Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet family entertainment centres across the region. In addition to iconic leisure and entertainment facilities such as Ski Dubai, Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
