15 Hrs
Source:
Sky News
Al-Dar buys 9 Sharjah buildings
Al Dar Group has signed an acquisition agreement for nine residential buildings in the Al Jada area of Sharjah, valued at nearly $300 million. The deal includes over 1,100 housing units, mainly targeting tenants for long-term stays. This transaction expands the company's presence in Sharjah’s residential real estate market and strengthens its rental property portfolio, which is expected to reach a value of AED 21 billion. Additionally, it supports its strategy of development and retention. The units are expected to be delivered by the fourth quarter of 2029, aligning with an long-term plan to develop mixed-use projects that include commercial, entertainment, and educational facilities. These properties are situated near Sharjah and Dubai airports, facilitating easy transportation and increasing the investment value of Al Dar in the emirate’s residential sector.
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