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Eye of Dubai
Business & Money | Friday 26 May, 2023 4:36 pm |

ASAS Real Estate company records successful participation in "Acres”

They focused on their most recent and comprehensive projects to-date


ASAS Real Estate, the Real Estate arm of Sharjah Islamic Bank (SIB),  indicated an effective engagement in the Sharjah Real Estate Exhibition “Acres”, which was held under the generous patronage of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and was organized by the Sharjah Chamber of Commerce and Industry represented by the Representative Committee with the real estate sector working group, and the Sharjah Real Estate Registration Department at the Sharjah Expo Center during the period from 25th to 28th of May, where the company focused on its pavilion, promoting its latest and most prominent real estate projects.


Viewing the latest and most innovative development projects that bear the imprint of ASAS Real Estate


His Excellency Engineer Ahmed Al Amiri, General Manager of ASAS Real Estate, said: "Asas Real Estate Company is keen to participate annually in the Sharjah Real Estate Exhibition "Acres", which constitutes as an important and vital platform in the real estate world and the real estate sector. The most promising projects that bear the imprint of ASAS real estate, such as the Khorfakkan Resort Project, Al Falah commercial land projects, Al-Rahmania commercial lands, Al Qasimia city project, and others.


The implementation of several development projects in Khorfakkan as he pointed out, is what the company is focused on this year. The Khorfakkan Resort project, is in line with the visions and directives of His Highness, Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of the Emirate of Sharjah, in the various development sectors of the city. By making it a major destination for ownership, residence, investment, and business in the real estate sector on the eastern coast of the UAE, as the resort enjoys a strategic location and a private beach for the project on the coast of Khorfakkan, which is characterized by stunning views of the eastern coast. It also features an amphitheater, the Khorfakkan waterfall, and the Souq Sharq, and the project covers an area total area of 330,000 square feet, with a total building area of 1,426,000 square feet, emphasizing that the project is unique in that it is the first residential and commercial real estate project offered for freehold ownership for all nationalities in Khorfakkan.


Its diversified activities include development and real estate management. 


Moreover, in the past years, the company has launched many distinguished projects in promising areas that include residential and commercial lands, apartments, and luxury villas, and it has become one of the most prominent names in the real estate development sector in Sharjah, through its various activities that include development and real estate management. 


Headquartered on Maliha Street, in the Emirate of Sharjah, ASAS Real Estate Company and its business model focuses on investing in the real estate sector; especially major development projects. Moreover, its interests are focused on providing investment opportunities that offer attractive returns that are commensurate with the pace of growth of the real estate sector in the UAE. The company cooperates with SIB, as a subsidiary of it, in providing banking facilities and financing solutions compatible with Islamic Sharia, for its various real estate and investment projects.


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