UAE-based real estate developer Omran Properties will launch three property projects, including residential, retail and hospitality sectors in Sharjah at a total cost of AED 2.47 bn, Invest-Gate reports.
The projects, expected to be completed this year, are developed in partnership with government-run Sharjah Investment and Development Authority (Shurooq).
“The projects align with Shurooq’s vision in expanding investments in Sharjah, diversifying its world-class portfolio and promoting Sharjah as the region’s premier investment attraction,” says Chairperson of Shurooq and Omran properties Sheikha Bodour bint Sultan Al Qasimi.
“Sharjah is increasingly becoming an international focal point for business, hospitality, tourism and trade, and with the vital collaboration between government and the private sector, the emirate becomes an even more attractive proposition for domestic and foreign investors,” she adds.
UAE-based Emaar for Real Estate is also partnering with Shurooq , Omran properties, and Eagle hills to develop high-standard residential, leisure, and tourism projects, according to a released statement.
Omran Properties was established in 2016 through a partnership between Shurooq, Emaar, and Eagle Hills.