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Sharjah24
Al Dar invests 1.1B dirhams in Sharjah residential project
Al Dar Group announced its first real estate investment in Sharjah through the purchase of nine residential buildings at a cost of 1.1 billion dirhams. The properties contain over 1,100 housing units within Al Jada Community, with an expected completion date in the last quarter of 2029. This investment aims to expand the company's portfolio in the growing residential real estate market in Sharjah and to strengthen its presence within a comprehensive community featuring diverse facilities and services. It also supports the "Development and Retention" strategy and aims to increase the value of its assets to 21 billion dirhams. Al Jada spans an area of 2.2 million square meters and currently includes over 8,800 residential units, with projections to reach 25,000 units upon project completion.
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