Community development will allow all nationalities to buy and build on residential plots
Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has announced the launch of its newest neighbourhood – Orchid – which features a limited number of residential plots, ranging from 5,000sqft to 12,000sqft, with ready infrastructure.
In a statement, the developer said that the plots would be available to all nationalities and that the freehold development will have a direct connection to the Northern Emirates largest mall – City Centre Al Zahia – as well as Sharjah’s biggest private park – Al Zahia Central Park.
Furthermore, it added that for the first-time buyers would be able to design and build bespoke mansions and villas at Al Zahia. The neighbourhood has been designed in response to growing demand from buyers for premium plots where they can design their own homes and enjoy the amenities of a gated community in Sharjah, the developer added.
“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,” said Shadi Al Azzeh, Al Zahia project head at Majid Al Futtaim Properties.
“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,” noted Al Azzeh.
The plots at the Orchid development will spread across 1.4 million square feet, with Sharjah Holding stating that the neighbourhood will provide privacy and a ‘sense of community’. The 8,000 to 12,000 square feet plots will be ideal for villas with 6 to 8 bedrooms, while the 5,000 square feet plots will accommodate a 4-bedroom villa.
Buyers can also choose to increase the size of their properties by amalgamating adjacent plots, it added.
“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,” Al Azzeh added.
In addition to the community’s 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%, he said.
“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 Dh14 billion in the first half of 2019,” said Sharjah Holding’s chairman Waleed Al Sayegh.
“We are 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,” he stated.
In addition to the benefits of offered by Al Zahia, homeowners in Orchid will have the opportunity to create a legacy that can be enjoyed by future generations, Al Sayegh said. With up to 800 families already in residence, Al Zahia is a vibrant community hosting events and activities designed to foster engagement and promote a sense of belonging, he added.
The Sharjah-based developer said that 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 $707.8 million 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.