Al Dar Real Estate commits 1.1B AED to Sharjah housing

Al Dar Properties announced an investment of 1.1 billion dirhams to acquire nine residential buildings housing over 1,100 units in the "Al Jada" project in Sharjah. This marks the company's first investment in the emirate. The agreement includes delivering the buildings by the fourth quarter of 2029. It is part of its strategy to diversify income-generating assets, with the company's portfolio set to increase to 21 billion dirhams. The project is considered one of the most prominent urban developments in Sharjah, primarily aimed at attracting end-users and tenants seeking high-quality housing at affordable prices, with total sales expected to reach 35 billion dirhams upon completion.

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