At A Glance
Dh25 billion development value of Sharjah Waterfront City
Dh9.5 billion
project value of the Phase I of Sharjah Waterfront City
60,000
people will live within the Sharjah Waterfront City
Dh3 billion
spent to develop the infrastructure of SWFC
Dh250 million spent to built to utility station to supply 700MW electricity
1,500
villas to be built on 7 of the 8 islands at the SWFCity
95 Towers
will grace the skyline of Sharjah Waterfront City
800
No. of berths at Sharjah Waterfront City marina
What is the total development value of Sharjah Waterfront City? Is it the largest master-development in Sharjah by value? The project’s total development value with the updated master-plan and additional features would take the project’s overall development value to around Dh25 billion. In terms of development value, we believe Sharjah Waterfront City is the largest development in the emirate of Sharjah. However, more than its size, what is important is the location and the value proposition. We are not just creat-
ing a piece of real estate or just a community. It’s the only greenfield master-planned beachfront community with a marina facility between Dubai Marina and Ras Al Khaimah. Once completed, it will be a most sought-after destination, where people will come to live, work, shop, dine, entertained or just to swim or get wet at the water theme park. We are building a beautiful waterfront city – Ajmal Makan – which will be compared to some of the best waterfront locations in the west, such as the Palm Beach or Miami Beach or the
beachfront properties in Santa Barbara or Los Angeles!
Why do you think people would buy properties at Sharjah Waterfront City – so far away from the city centre? Our unique selling points (USPs) include the fact that it is a mixed-use masterplanned waterfront city with a marina, a theme park with residential communities – are well segregated amongst seven interconnected islands. The location of the Sharjah Waterfront City is one of its
COVERSTORY best-kept secrets and forms part of its USPs. Located away from the hustle and bustle of the busy urban lifestyle, SWFC provides an ideal hideout for residents and visitors – who could swim on the Arabian Gulf waters without having to go to the Arabian Gulf. Instead, fresh Gulf waters circulated every 12 hours during the change from low- to hightides when the fresh waters enter the SWFC. Sharjah Waterfront City is a complete and fully integrated city with shopping, dining, community and entertainment facilities, in addition to residential, commercial, retail, hospitality and tourism facilities. People can live, work, shop, dine and enjoy life within Sharjah Waterfront City, without having to go out for basic needs.
Could you give some updates on the infrastructure works within the SWFC? Yes, sure. I am pleased to inform you that we have now completed the massive infrastructure works at the Sharjah Waterfront City at a cost of Dh3 billion so far. The infrastructure works include all internal roadworks, canal digging and water navigation to ensure clear water circulation, installation of stone blocks, geo-textiles, bridges, culverts, utility projects and all major components of the infrastructure works The completion of the infrastructure works will go a long way to reassure our valued investors and property buyers of continuous power and water supply and this also marks our readiness to develop the SWFC components one by one. We are now ready for the massive engineering and construction Gulf Property
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