The UAE real estate market continues to surprise with large-scale projects. Kuwaiti company Kuwait Real Estate Company (AQARAT) in partnership with IFA Hotels and Resorts has started the realization of an ambitious residential complex Al Tay Hills in the emirate of Sharjah.
The investment will total AED 3.5 billion ($952 million), making the project one of the most significant development endeavors in the region in recent years.
A new take on premium real estate
Al Tay Hills will cover 557,000 square meters, which is comparable to the area of 78 soccer fields. The project involves the construction of 1,100 villas and townhouses designed with the latest architectural and design trends. Each home, from compact three-bedroom townhouses to luxurious six-bedroom villas, will have a swimming pool and be integrated into the complex’s elaborate ecosystem.
The developers have divided the project’s realization into three phases, which will ensure the phased development of infrastructure. The first phase is scheduled for completion in the first quarter of 2028, when the first owners can appreciate all the benefits of living in the new complex.
Read also: UAE records unprecedented real estate market growth in 2024.
Strategic location and transportation accessibility
Al Tay Hills will be privileged in the Al Tay neighborhood, close to Sharjah’s majestic main mosque. Direct access to Emirates Road will provide residents with exceptional mobility: it will take 15 minutes to reach Dubai International Airport, 20 minutes to reach Dubai Business Center, and only 10 minutes to reach Sharjah Airport.
This location is beautiful given the growing integration between the emirates and the region’s transportation infrastructure development. According to real estate market experts, the Al-Thai area shows stable growth in the cost of housing at 12-15% per annum, which makes investment in the new project particularly promising.
Innovative approach to the organization of space
The complex’s main attraction will be a unique landscape object — a 2.5-kilometer-long “green river” claimed to be the longest in the UAE. This large-scale ecological corridor will not only create a comfortable microclimate but also become a center of attraction for all residents of the area.
The infrastructure of Al Tay Hills is impressively diverse:
- Biking and walking trails with a total length of 11 kilometers
- Modern playgrounds and sports fields
- Mosque with unique architectural design
- Gastronomic quarter with restaurants and cafes
- Boutiques and premium stores
- Public swimming pools and recreation areas
Development Prospects and Investment Attractiveness
“Sharjah is experiencing a real estate renaissance,” says Talal Al Bahar, Vice Chairman and CEO of AQARAT. He says the emirate is becoming increasingly attractive to international investors due to its combination of traditional values and innovative approaches to urban development. Statistics confirm these observations: over the past year, investment in Sharjah real estate has grown by 67%, reaching record levels. At the same time, the share of foreign investors has increased from 23% to 41%, reflecting the growing international interest in the region.
Read also: Strong growth in the UAE real estate market attracts a new wave of investors.
Khaled Esbeit, Chairman of IFA Hotels and Resorts, emphasizes the project’s uniqueness: “Al Tay Hills is not just a residential development; it is a new milestone in the development of the Emirate. We are creating a space where innovation and sustainable development are seamlessly combined with Sharjah’s rich cultural heritage. According to experts, the Al Tay Hills project could become a catalyst for the further development of the Al Tay area, attracting new investment and creating additional business and leisure opportunities. The area is expected to become one of the most prestigious and eco-friendly places to live in the Emirate by 2030. The news was interesting and informative. Want more real estate news? Subscribe to Lyukos updates and receive notifications about fresh publications.
