New developer announces AED c2.5bn worth of projects in Sharjah
Omran Properties, a company established through a partnership involving Emaar Properties, Eagle Hills, and Sharjah government-owned entity Shurooq, has announced its first series of developments. Omran is working on three projects in Sharjah, worth a total of cAED2.5bn, to be launched in 2H17. The projects include a cAED2.3bn mixed-use development, a AED121mn five-star hotel, and a AED106mn mall, with a leasable retail area of 18,581 sqm. The scheduled opening date for the latter two is 3Q19.
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