Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, announced it has launched Orchid, its latest neighbourhood.
The new project features a limited number of exclusive residential plots that range from 5,000 square feet to 12,000 square feet, with ready infrastructure at Sharjah’s premier lifestyle destination, according to a press release.
Residents of Orchid will have access to Al Zahia’s Central Park, mosque, and clubhouse, and infrastructure-enabled land will be ready in 2021.
Orchid will enable buyers for the first time to design and build bespoke luxury mansions and villas at Al Zahia, the release noted.
The neighbourhood will be officially launched on Saturday, 14 September at Al Zahia Sales & Experience Centre.
Buyers can enjoy a number of flexible payment plans with a down payment of 5%, the release highlighted.
Shadi Al Azzeh, Al Zahia Project Head at Majid Al Futtaim Properties, said: “We are constantly striving to meet our customers’ needs, and the launch of Orchid’s premium plots reflects Al Zahia’s maturity and appeal and the strong growing demand from distinctive customers who aspire to create unique homes for their families at Sharjah’s premier lifestyle destination.”
Waleed Al Sayegh, Chairman of Sharjah Holding, said: “Widely recognised as a centre for culture, heritage and education, Sharjah is also a hub for investment. The appeal of the emirate’s advanced infrastructure, legislation, economic stability and geographic location was reflected in real estate transactions valued at more than AED 14 billion in the first half of 2019.”
Al Zahia, located in the heart of New Sharjah, will be embracing over 12,000 residents in villas, townhouses, and apartments upon completion in 2023.