A new Dh3.5 billion ($1 billion) mixed-use real estate project has been unveiled in Sharjah, which will feature the longest “green river” in the Gulf region. The groundbreaking initiative, led by Kuwait Real Estate Company (Aqarat) and IFA Hotels and Resorts, promises to transform the emirate's landscape. The project will span across six million square feet and include a range of luxurious townhouses and villas, making it a significant addition to Sharjah's residential offerings. At the heart of the development will be the 2.5-kilometre-long 'green river,' designed to be the central feature of the Al Tay Hills community. This expansive green space will provide a natural haven within the city, offering ample opportunities for relaxation and outdoor activities, including walking paths and scenic areas for residents to enjoy.
A Hub of Innovation and Sustainability
Jamal Al Shawish, Chief of Sales and Marketing at IFA Hotels and Resorts, described the 'green river' as a unique recreational space designed to enhance the community’s quality of life. “The river will not only beautify the area but will serve as a green lung, providing fresh air and outdoor spaces for walking and leisure,” he explained.
The project will also offer a variety of amenities, including playgrounds, a mosque, cafes, retail outlets, swimming pools, and an impressive 11-kilometre network of walking and cycling paths, providing a well-rounded and active lifestyle for its future residents.
New Luxury Homes for Sharjah's Growing Market
The residential component of the development will consist of 1,100 townhouses and villas, ranging from three to six bedrooms. These high-end homes will be priced between Dh1.8 million and Dh7.2 million, catering to both local and international buyers. The project will be built in three phases, with the first phase scheduled for completion by the first quarter of 2028.
The introduction of such a large-scale, high-quality development is expected to drive Sharjah’s real estate market further, positioning the emirate as an increasingly attractive destination for investors. Talal Al-Bahar, Vice-Chairman and CEO of Aqarat, emphasized Sharjah’s growing appeal: “The emirate’s safe environment and business-friendly policies make it an ideal place for real estate investment, and this project will set new benchmarks for the sector.”
Sharjah’s Real Estate Boom
The project is also set to benefit from Sharjah's recent move to allow foreign nationals to purchase freehold properties in the emirate, further enhancing its status as a growing hub for international investors. Khaled Esbaitah, Chairman of IFA Hotels and Resorts, praised the government's efforts to boost the real estate market and diversify the economy.
The Al Tay Hills development promises to be a landmark in the UAE’s real estate landscape, setting a new standard for sustainability and innovation in residential living, and reinforcing Sharjah’s position as a key player in the Gulf region’s property market.
