Construction

Sharjah is a business-friendly destination for investors, Tilal Properties DG says

Khalifa Al Shaibani highlights emirate’s robust infrastructure, streamlined procedures and services as reasons for attractiveness across several sectors

The emirate of Sharjah represents an investment-conducive, business-friendly destination for investors from all over the world for its robust infrastructure, streamlined procedures and consistent, reliable and performant services, the director general of Tilal Properties has said.

In a statement, Khalifa Al Shaibani highlighted Sharjah’s business landscape as being characterised by security, diversity and prosperity, underpinned by large market opportunities and solid business models. He added that the emirate is witnessing an upward growth trajectory manifested in an increasing number of mega commercial, real estate, investment, tourism and industrial projects that will benefit the emirate in particular and the UAE in general.

“The economic diversity in Sharjah has enabled the emirate to carve an enviable niche on the regional and global economic map,” Al Shaibani said.

“The Emirate of Sharjah is witnessing a significant growth in SMEs, which now number over 55,000, along with more than 13,000 companies classified as large, according to figures revealed by the Sharjah Economic Development Department, which reflects the impressive magnitude and scope of investments Sharjah abounds in.”

“According to the latest statistics issued by the Ministry of Human Resources and Emiratisation last year, Sharjah hosts 578,000 workers, or 11.4% of the total workforce in the UAE today. The Emirate is known as the third largest populated city in the UAE, with the emirate’s nine million people accounting for 19% of the country’s total population, as per 2017’s statistics,” he added.

Al Shaibani said that off the back of these promising business indicators and economic potential, Tilal Properties expects 2020 to witness spiralling demand for real estate in general, and residential units in particular, in light of the growing business momentum, which requires more manpower at multiple levels.

Coupled with recently enacted government legislation, which aims to attract more talent and expertise to the UAE, this will ultimately reflect positively on real estate demand, he pointed out.

Highlighting the remarkable growth recorded in the emirate’s real estate over the past period, Al Shaibani cited a report issued by the Sharjah Real Estate Registration Department which said 27,588 sales and mortgage transactions worth $4 billion were conducted during H1 -2019 as compared to $6.5 billion in 12 months in 2018.

“At Tilal Properties, we are aware of the importance of the distinctive geographical location boasted by the Emirate of Sharjah locally and regionally,” Al Shaibani continued. “This has encouraged us to offer unique investment opportunities to all nationalities with exceptional facilities and incentives through our landmark project ‘Tilal City’, which reflects the ambitious vision of the Government of Sharjah, and translates the sage directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.

Tilal Properties is working to promote this growth and support the investment sector in Sharjah by providing premium, mouth-watering investment opportunities in Tilal City for all nationalities, he concluded.

Tilal Properties is a leading UAE-based real estate development and investment company and the premier developer of residential complexes and freehold projects in the Emirate of Sharjah. The company is working closely with various government departments and private companies to ensure synergy and integration of potential with the ultimate goal of promoting investments in Sharjah.

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