Sharjah Overview. Sharjah Economy
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2 Sharjah Overview Sharjah is the third largest Emirate in the UAE with an area of around 2,590 Sq. km. Sharjah which is one of the seven Emirates that make up the UAE, produced a GDP of more than 80 bn AED in Sharjah is the leading industrial and manufacturing capital of UAE accounting for about 40% of the GDP from industrial and manufacturing sectors of the Emirates. Sharjah Economy Sharjah is an attractive investment destination and has what is considered the most secure and business-friendly environment within the region. According to estimates of S&P; the growth rate of GDP per capita during the period from 2007 to 2016 is estimated to be around 3.3%
3 Sharjah Real Estate Market Sharjah Real Estate Market Research conducted by Colliers International suggests that high end developments with sea views enjoy high occupancy and high rental rates and there is also a good demand for residential units; in particular high quality units with sea views. Sharjah enjoys comparatively better yield as compared to Dubai and Abu Dhabi, thanks to the competitive edge provided by lower land prices. As per the statistics released by the Sharjah Commerce and Tourism Development Authority, the hotel occupancy in Emirate remained around 74% along with an encouraging 6% increase in the guest nights in hotels in the first half of Occupancy levels in retail space remain high in Sharjah due to limited supply. Retail supply has remained stable over the recent years, and has not responded to the increased demand due to population growth. According to Colliers International; business owners/ service providers prefer good quality buildings supported by the fact that prime quality office space buildings offering sea views enjoys high occupancy rate of 80%
4 Nature Sharjah Waterfront City, built on the belief that the outside is as important as the inside is nestled amidst lush greenery. The city will be pollution-free with world-class facilities for elite living. With its beautiful beaches, moderate year-long weather, leisure and shopping opportunities; Sharjah Waterfront City presents itself as a complete and attractive holiday destination for European and GCC families. Sharjah Waterfront City is designed to ensure the maximum comfort for the families, provide them privacy while enjoying the scenic beach view of the Sharjah Waterfront. Views outside the villas & the apartments with beach, open spaces and greenery spread all around will be breathtaking. Sharjah Waterfront City is environment friendly and is based on hydro mechanic design. Sharjah Waterfront City will follow the international standards of green environment which will reflect in the comfort & benefit of the residents
5 Location Sharjah Waterfront City is strategically located with Arabian Gulf lying on its western border and Umm Al Quwain lying directly on its north. Sharjah WFC site is located in proximity from Hamriyah free zone, airport and other key attractions. Sharjah WFC is easily accessible from the Ittihad Road, Emirates Road and Mohammed Bin Zayed Road. Emirates DRIVING DISTANCE TO KEY LOCATIONS Distance (Km.) Ajman Km 15 Umm Al Quwain Km 15 Sharjah International Airport Km 30 Dubai International Airport Km 35 Dubai Km 46 Ras Al Khaimah Km 58 Fujairah Km 131 Abu Dhabi Km
6 Sharjah Waterfront City Phase 1 Components
7 Project Components Sharjah Waterfront City Sharjah Waterfront City (Sharjah WFC) is a series of eight islands interconnected by canals made by nature and spread across 36 Km of coastal land on the northeastern coast of Sharjah. Sharjah WFC is expected to be the largest commercial, residential and tourism development project in the Emirate of Sharjah upon completion with total area of around 60 million Sq. ft. Sharjah WFC is projected to be the forefront of the ultra-luxury development in the rapidly developing Emirates of Sharjah which is quickly becoming the cultural capital of the UAE. Our objective is to develop Sharjah WFC as an epitome of privacy, luxury and status. Sharjah Waterfront City is a destination that accommodate your dreams perfectly. It promises a lifestyle that s worth living and flaunting too. We will ensure that Sharjah WFC would add a new dimension to the resident s lifestyle. Sharjah WFC is expected to be built over several phases and the overall concept involves: towers for residential and commercial purposes apartment buildings 3. Many multi-level hotels and service apartments 4. More than 1,100 water-front and park-side villas 5. Marine clubs 6. World Class Water Theme Park 7. One large shopping mall and various commercial centers spread across the Sharjah Waterfront City 8. Two main entertainment centers Further, Sharjah Waterfront City also includes several mosques, schools, banks, stores, coffee shops and restaurants and will have potential to accommodate over 200,000 residents
8 Infrastructure Development 10/01/2016 Sixty percent area of Sharjah WFC is planned to be landscaped with beaches, gardens, parks and roads whilst the remaining forty percent will contain main structures thus increasing the attractiveness of the Sharjah WFC and ensuring a scenic view from most of the villas, apartments and offices built in the City. Sharjah Waterfront City is going to have its own tram to be developed by the main developer to facilitate the better interconnectivity for the project. Reclamation of land, canals interconnecting eight islands & piling has been completed. Drawings for the roads & utilities and full infrastructure design is complete. Major prerequisite required for infrastructure is in place. Construction work for 2 electricity Sub-Stations (132/33/11 KV) is expected to complete by June 2016) Construction work for interconnecting islands through bridges and the main road for the project is near completion. Infrastructure design services for Electricity, Water, Roads, Bridges, Drainage, Telecommunication and others for the Sharjah Waterfront City is in progress
9 Spread across approximately 6 million square feet, Sharjah WFC Phase 1 consists of Mixed-Use, Residential, Commercial, Hospitality, Healthcare & Retail segments that are planned to be developed in parallel with a construction period of up to 3 years. According to our research and estimates, Sharjah WFC Phase 1 is expected to generate an average annual return on investment between 27% to 34%
10 Sharjah WFC Phase 1 Phase 1 Components Phase I of Sharjah WFC is spread across a plot area of around 4,485,453 Sq. ft. and construction area of around 16,443,415 Sq. ft. The Phase I development will be completed in a time frame of three years. Sharjah WFC Phase 1 Particulars No. of Buildings/ Towers Total Plot Area in Sq. ft. Total Construction Area in Sq. ft Mixed Use Segment 6 184,716 1,768,083 Open-air Retail 1 396,124 1,080,972 Shopping Mall 2 1,337,122 5,259,041 Hospitality Segment 4 387,223 6,409,427 Residential Segment 482 1,944,180 1,811,284 School 1 202,466 80,896 Mosque 1 33,622 33,622 Total 497 4,485,453 16,443,415 Sharjah Waterfront City Phase 1 comprises: Mixed Use Segment Hospitality Segment Commercial Segment Residential Segment
11 Sharjah WFC Phase 1 Mixed Use Segment Sharjah Waterfront City Phase I will develop 7 plots overall, under Mixed Use segment. Mixed Use property will be comprised of Commercial and residential developments. Open-Air Retail will be developed on one big plot, few plots will be developed as offices while the rest of the plots will be developed as residential apartments. Mixed Use segment will have spectacular 1, 2 & 3 bedroom residences which will be rich in design and finish, as well as advanced in automation and security while the offices will be equipped with cutting edge technologies. Some of the towers will have smart features where all apartments will be developed as smart apartments. You can connect the devices and appliances in your smart apartments to your smart devices and put them at your command. It enables you to control all devices and appliances while you are not home. Phase 1 Mixed Use Segment The total constructed area will be around 2,849,055 Sq. ft. over plot size of 580,840 Sq. ft
12 Phase 1 Mixed Use
13 Sharjah WFC Phase 1 Hospitality Segment Sharjah Waterfront City Phase 1 will build one out of the four plots under the hospitality segment where multi-level hotels and service apartments will be developed. The Hotels and Service Apartments to be developed in Phase 1 will be a contemporary luxury development that will embody height, light and space. They will offer magnificent views of the Sharjah Waterfront from most of the rooms, with a large shopping mall and a world class Water Theme Park located within its vicinity. The hotels will have spacious and luxurious rooms & suites with the latest cutting edge technology conveying a warm and welcoming ambience. The hotels will feature ballroom, business center, swimming pool, gym, spa, coffee, retail shops and multi-cuisine restaurants. The service apartments will comprise elegantly designed furnished apartments featuring modern decor. Service apartments will be comprised of numerous facilities including business center, gym, spa, restaurants, coffee shop, swimming pool, kids play area and other amenities. Our main objective is to develop iconic hotels and service apartments offering its guests world class services with gracious Sharjah Hospitality. Phase 1 Hospitality Segment The total constructed area to be developed under hotel segment will be around 2,070,238 Sq. ft. over plot size of 160,533 Sq. ft
14 Phase 1 Hospitality Segment
15 Sharjah WFC Phase 1 Commercial Segment Sharjah Waterfront City Phase 1 will develop overall two plot as Retail & Commercial Centre under Commercial segment. One plot will be designed as a full fledged commercial mall with kids entertainment zone, cinema multiplex, food court, multi cuisine restaurants, fashion and retail while another plot will be developed as Community retail. Phase 1 Commercial Segment The total constructed area to be developed under commercial segment will be around 5,259,041 Sq. ft. over plot size of 1,337,122 Sq. ft
16 Commercial Segment Sharjah WFC Phase 1 Residential Segment Sharjah Waterfront City Phase I is developing overall 279 Villas on Sun Island & 158 Villas on the Thuraya Island. Providing two different concepts to cater to a wide market range, from smart design, modern villas to luxurious and designer finishing. Villas in Sun Island & Thuraya Island are designed tastefully and adorned with all the modern amenities necessary for a comfortable living, where life will bloom in all its manifestations
17 Sharjah WFC Phase 1 Thuraya Villas Sun Island There will be three types of Villas in Sun Island: Attached Villas Semi Attached Villas Detached Villas There will be three types of Villas in Sun Island: Attached Villas Semi Attached Villas Detached Villas
18 Residential Segment
19 Project Highlights Sharjah Waterfront City is located in proximity to Hamriyah free zone, City s airport and other key locations. Master plan for all the ten Islands is completed; all the required approvals has been obtained and the project is ready to start construction. Sharjah Waterfront City is environment friendly and is based on hydro mechanic design. Sharjah WFC will have a world class Water Theme Park Crystal Lagoon spread across a large area of around 1.5 million Sq. ft. with state of the art facilities and having numerous rides matching with the latest trends to make it a one stop destination for the family entertainment. World s renowned designer firm Jack Rouse Associates has prepared the Master Plan and Preliminary Concept Design for the Crystal Lagoon Water Theme Park. According to our research and estimates, Sharjah WFC Phase I is expected to generate an average annual return on investment between 27% to 34%. Sixty percent area of the City is planned to be landscaped with beaches, gardens, parks, and roads. Sharjah Waterfront City is going to have its own tram to be developed by the main developer to facilitate the better interconnectivity for the project
20 About the Developer About the Developer Sharjah Oasis is a UAE based corporation with impeccable real estate development credentials. The company is a premier developer of integrated lifestyle communities featuring world-class residential and commercial properties, shopping malls, retail assets, high-end hospitality and leisure attractions. Our first-class designs, superior quality, superb finishes and a wide range of lifestyle amenities distinguish our master-planned projects. Sharjah Oasis is led by a team of passionate professionals who are ready to challenge conventions and achieve results. With our wide experience in property management and mainvvance we are reaching new heights of success. The company is starting a series of successes with the launch of the iconic Sharjah Waterfront City project which is set to change the face of Northern Emirate s tourism landscape. Building an innovation that will inspire generations to come, Sharjah Oasis aims to connect Societies & Cities and create a world class destination for living, business and tourism
21 Renderings are for illustration purposes only. Actual usable floor space may vary from the value stated. The developer reserves the right to make revisions.
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