The long-anticipated ‘green river’ of GCC will be found in Sharjah’s new Dh3.5 billion ($1 billion) mixed-use real estate development called Al Tay Hills. Aqarat, a company engaged in real estate in Kuwait, and IFA Hotels and Resorts will be behind the project that is located on Emirates Road near the Sharjah Grand Mosque. A 2.5-kilometre green river will be the element of the facility as the “natural lung” and central artery for the community: vast green spaces alongside and all around it with natural beauty.
Recreational spaces; paths for walking, lying out in relaxation; and delightful playgrounds within it will be complemented by such facilities as a mosque, restaurants, cafes; retail outlets; swimming pools; and up to eleven kilometers of walking and cycling paths. The Al Tay Hills development will account for six million square feet contaminated under its cover. The price of its properties, which range from three to six bedrooms, varies from Dh1.8 million to Dh7.2 million. Its 1,100 townhouses and villas will all comprise this area.
The project will unfold in three phases, and the first construction phase is expected to be delivered by the first quarter of 2028. According to the vice-chairman and CEO of Aqarat Talal Al-Bahar, Sharjah is preferred increasingly, becoming the chosen destination for investments due to its attractive, safe environment, and business-friendly act. The initiative seems set to usher in an entirely new paradigm in sustainable living in the region. The freehold property holding by the foreign nationals allowed by the government in Sharjah added momentum to the market, according to Khaled Esbaitah, chairman of IFA Hotels and Resorts.
The project has already generated positive interest as an indication of a favorable market reaction.
