With an aim to boost foreign investment and transform its real estate sector, ASAS Real Estate, the property arm of the Sharjah Islamic Bank (SIB), has presented a groundbreaking 100-year leasehold ownership plan for all non-Arab nationalities in its Al Saja’a Industrial Land project. This significant action has allowed expatriates to enter Sharjah’s growing industrial domain and maintain a secure and sustainable investment model. This specific initiative by ASAS Real Estate serves as a bridge between local and foreign investors by providing more comprehensive and inclusive property solutions. 

A Game-Changing Opportunity for Expatriates

100-year leasehold plan for expatriates of all nationalities allows them to put their money into the Sharjah industrial sector, provided that they possess a valid UAE residency visa. This specific initiative has opened doors for a comprehensive group of global investors who earlier had restricted access to property ownership in the emirate. Therefore, now long-term investments in industrial land have become more convenient and hassle-free. Moreover, it also offers investors stability and a stronger sense of ownership without even complete freehold rights.

Why Does This Move Matter? 

According to Ahmed Al Amiri, General Manager of ASAS Real Estate, this decision was made in reaction to the growing demand for Al Saja’a Industrial Land. By launching such leasehold choices, the project becomes more accessible to people across the world who are looking to invest. Moreover, this enhances the investor base and supports the overall economic growth of the place. 

Further, he also mentioned that this particular initiative helps Sharjah to stay competitive in the real estate market dynamics of the area, especially through advertising industrial developments in the prominent areas. Such flexibility in the overall leasehold ownership gives investors new ways to enter into Sharjah’s booming industrial and property domains.

Boosting Sharjah’s Investment Environment

Sharjah has been working hard to create a space where there is a convenient investment environment. This specific initiative depicts the emirate’s adherence to equal investment possibilities. This solidifies its reputation as one of the most secure as well as attractive destinations for both local and global investors.

The long-term leasehold option is noticed as a “qualitative leap” in the emirate’s approach to real estate and is expected to bring in more expatriate capital. Such an approach also represents Sharjah’s actions to diversify its economy, mainly by putting its focus on vital domains like industry and logistics.

Project Highlights: What Investors Get

The Al Saja’a Industrial Land project is situated in a place that is thoughtful and has convenient access to prominent roads and transport hubs. This makes it one of the best options for businesses that need storage, logistics, or manufacturing facilities. Here are some key features of the project:

• Land prices start at Dh1,045,000
• Plot sizes range from 9,500 to 30,000 square feet
• Flexible payment plans available for up to 24 months
• Financing options from Sharjah Islamic Bank
• Investors can build warehouses with ground + mezzanine floors
• Permission to include labor accommodation, in line with government regulations

These features further create a comprehensive industrial zone that caters to the needs of small, medium, and large-scale businesses.

Encouraging New Investor Segments

With this exceptional initiative and fresh offerings, Sharjah aims to attract a more comprehensive investor base, including entrepreneurs, SMEs, and foreign companies. Non-Arab investors can now participate in long-term real estate plans adequately. This participation was previously not as accessible. This not only helps investors to grow their enterprises but also supports job creation and industrial expansion in the area. As more investors come in, Sharjah benefits from increased activity in construction, manufacturing, trade, and logistics.

Sharjah’s Vision for the Future

A 100-year leasehold plan is one of the most suitable long-term vision plans for Sharjah to become one of the leading regional industrial and investment hubs across the globe. This also shows the government’s forward-thinking policies, which aim to create a stable and investor-friendly environment.

Ahmed Al Amiri mentioned that ASAS Real Estate is supporting this journey by providing practical and attractive investment resolutions. With a modern infrastructure, secure legal framework, and flexible ownership models, the emirate is well on its way to achieving its ambitious economic goals.

Source: khaleejtimes.com