UAE: Sharjah’s proposed Waterfront City has been redesigned to include 200 residential and commercial towers, serviced apartments and hotels.
Sharjah Oasis Real Estate Development officially launched the
Dh20 billion development on Wednesday at Dubai's Cityscape event.
It says 100 freehold residential units will be available to
The project was formerly known as Nujoom Islands. "We restructured and rebranded the project," said Hayssam El Masri, president of Sharjah Oasis Real Estate. "We have launched Sharjah Waterfront City keeping in line with Sharjah's development plans to attract 10 million visitors by 2021. These plans will increase demand for residential and commercial units as well as hotels, especially in prime locations that offer all modern facilities. Sharjah Waterfront City will be able to match the demands and provide the desired quality of living."
The project will have 200 residential and commercial towers, 95 apartment buildings, a hotel and a hotel apartment tower. It will also have up to 1,500 waterfront villas.
It will be developed in phases, with the first phase ready by Q3 2018 and the second phase by Q4 2016. Construction of the first phase is scheduled to begin by the end of this year.
The developer has signed a management contract with Shaza Hotels, an affiliate of Kempinski, to build a 300-key hotel and 350 serviced apartments. The project will also have a 200-key Dusit hotel and another 200 serviced apartments.