81= Nujoom Islands
Project Overview
The Nujoom Islands scheme, near the
Hamriyah Free Zone in Sharjah, will have about 33 km of beach-front land, divided into residential plots, hotels and commercial zones. The infrastructure work, including the dredging works and canals, has already been completed.
Project Analysis
Project boom drives up construction costs
Soaring labour and materials prices are doing little to dampen the region’s appetite for major developments, and as the project mountain rises higher, so will construction costs.
Company Announcements
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Marsa Al Nejoum unveils master plan of Nujoom Islands project
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Al Hanoo Real Estate launches Marsa Al Nejoum as its development arm
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Al Hanoo Holding receives Investment Leadership Award
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Special Economic Zones Forum delegation visits Al Nujoom Islands
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Al Hanoo Holding installs 275 street lights in Emirates Industrial City
MEED Events
Key Facts
Client: Al Hanoo Holding Company
Sector: Real Estate
Stage: EPC Bid
Budget: $5bn
Completion date: Q4 2015
Location: Sharjah, UAE
News
Sharjah may offer freehold properties, drafts law
A new law is being prepared by the government of Sharjah that will allow - upon obtaining the approval from the emirate's ruler - the sale of freehold property to foreigners for the first time, Emirates Business has reported, citing a source at the Sharjah Consultative Council. A freehold law for expatriates is a necessity especially since the emirate is developing mega projects such as the Al Nujoom Islands and Sharjah Marina, the source said. The draft also tackles issues related ...
MEED Projects
