Dubai, UAE –February 8, 2015: Shoumous Properties has announced the launch of the Shoumous Residential Complex in Sharjah, the UAE’s first ever fully serviced plot facility for new homes.
The exclusive Shoumous Residential Complex built at a cost of AED 550 million is an offering from Shoummous Properties – a partnership between UAE’s Albatha Real Estate Group and the Moafaq Al Gaddah (MAG) Group. This unique offering marks a new era for property development in the UAE.
“For the first time ever, customers can purchase a premium plot of land in a fully serviced complex that allows them the freedom to plan and build their dream homes according to their own living concept and style,” said Dr. Hani S. Abu Auida, CEO of Shoumous Properties and Vice Chairman of the MAG Group. “This is a unique proposition that we are offering and one not seen before in the country. We are providing customers with all the facilities and amenities they would expect of a premium real estate development,” he added.
Spread over 6.8 million square ft. with 220 residential plots, Shoumous Residential Complex will offer six different sizes of plots, ranging from 18,442 to 39,297 square ft. All have car parking and boundary walls. The complex will be a full-service integrated gated facility situated in the Al Tai district of Sharjah, with easy access to Sharjah Downtown and Sharjah Airport, whilst its proximity to Emirates Road means that Dubai is just 15 minutes away. The development is registered with Sharjah Real Estate Department
The complex will offer a multitude of services that will transform it into a self-contained community, with its extensive array of facilities including a commercial center, three parks, two mosques and a hypermarket. The landscaped development also features a sewage treatment plant with odor-control and storm water drainage. Facility Management will provide security, cleaning and maintenance, with a state-of-the-art telecommunications network.
“We extensively researched the needs of a premium buyer and found that there was demand from niche buyers who place a prime value on individuality as well as exclusivity. This is a great opportunity to invest in property in Sharjah,” said Dr. Hani.
Shoumous Residential Complex will be freehold for Arab nationals with UAE residency, enabling this segment of society to be able to buy and resell within the complex after receiving clearance from theSharjah Real Estate Department. The development is expected to provide a significant boost to Sharjah’s real estate market once plots go on sale. The handover will be by the end of 2015.
The Shoumous Residential Complex will provide a superior standard of living in a concept that is set apart from any other offering in the market. “We established that there exists a strong demand from the Arab community for personalized property options and set out to fulfill this demand - we are confident of a strong take-up with the sale of plots in this unique real estate development”, added Dr. Hani.
MAG Group:
MAG Group is one of the region’s largest corporate entities that started out in 1978 from humble beginnings to become a major business conglomerate with an extensive overseas reach. In the span of less than 40 years, entrepreneur and MAG Group founder, Moafaq Al Gaddah, has developed his holdings from a single spare parts trading concern in Abu Dhabi, into an international empire of around 50 companies, covering the sectors of manufacturing, auto parts, real estate, education, contracting, hospitality, freight, pharmaceuticals, healthcare, the marine industry and logistics.
There are now MAG offices across the Middle East, GCC, China, Turkey, Iraq and the USA, employing over 2,000 personnel. MAG Group’s spectacular level of growth and success in under four decades has been attributed in part to the organization’s incredibly high ethical standards. Throughout its expansion and venture into new industry sectors, MAG Group has developed an enviable reputation for integrity, transparency and financial probity in all its operations.
Albatha Real Estate Group:
Albatha Real Estate Group is part of Albatha Holdings.
Albatha is a private business group in the UAE established over 50 years ago, and has nurtured the growth of over 30 companies, specializing in sectors as diverse as automotive, healthcare, manufacturing, engineering, electronics & appliances, FMCG, food, real estate and education.
With a staff strength of over 5,500 employees from across the globe providing a vast pool of expertise, the Group represents and has partnered with over 200 international corporations serving them of their business and branding needs in the most professional and effective manner. It conducts business throughout the Middle East and Africa with distribution network expanding to the sub-continent and Europe.
For more information, please visit www.albatha.com