Sharjah-based real estate joint venture, Omran Properties, unveils three new projects in the UAE worth AED 2.47 bn, Invest-Gate reports.
“The projects are the first in a series of developments that will play a crucial role in changing the investment and real estate sphere in Sharjah,” says Chairperson of the Board of Directors at Omran Properties Bodour bint Sultan Al Qasimi.
The projects include a AED 2.26 bn mixed-use development, ‘Maryam Island’, which is located between Al Khan Lagoon and Al Mamzar peninsula. It also involves the award-winning ‘Al Khan Village Resort’, a five-star hotel worth AED 120.6 mn, and the AED 106 mn ‘Kalba Waterfront Mall’ in Eastern Sharjah.
Omran Properties is a partnership between Sharjah’s Shurooq, also chaired by Al Qasimi, and Dubai’s Emaar Properties and Eagle Hills, which are chaired by Mohammed Alabbar.
“As a development manager for the projects, Emaar is committed to delivering the highest standards of residential, lifestyle, leisure and tourism experiences; we will bring these same values to Sharjah through our strategic partnership with Shurooq and Eagles Hills for Omran Properties,” says Alabbar.