Investors snap up Al Saja’a Oasis plots

Sharjah/ Emirates Business

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, has announced that just days after announcing their availability for sale, land plots for the Stage 2 area of Al Saja’a Industrial Oasis have been eagerly snapped up by UAE, GCC, Arab residents and
foreign nationals. All buyers being keen to take advantage of SAM’s first freehold and 100-year leasehold (Usufruct Right) offering in this new industrial city.
According to SAM officials, there has been strong demand and sales for Stage 2’s 114 plots, with the allocated industrial, mixed light use and retail land expected to attract even more interested parties, during this sales period.
With the sale of plots available to all nationalities, the attractiveness of freehold and Usufruct Right title deeds has played a significant part in maintaining Sharjah’s leading status as an industrial hub for the region.
Al Saja’a Industrial Oasis is an industrial, mixed use and retail development comprising a total of 353 plots. 114 of these are allocated as part of the Stage 2 sales launch – or 32 per cent of the total land plots available. Plot sizes for Al Saja’a Industrial Oasis range from 12,469 sq. ft. to 112, 255 sq.ft.
Industry and manufacturing represents 16 per cent of Sharjah’s overall GDP and it remains the leading destination for industrial activity in the UAE, as well as being one of the largest in the Middle East. This presents significant advantages to companies locating at Al Saja’a Industrial Oasis, with access to Sharjah’s excellent infrastructure and logistics capabilities adding to the list of benefits.
Gregg Downer, Chief Real Estate Officer at Sharjah Asset Management said: “Al Saja’a Industrial Oasis has a clear competitive advantage for companies locating there, with Sharjah offering businesses an incredibly attractive investment environment. Sharjah also offers a competitively priced real estate market, a balanced diversification of industrial sectors, and the largest SME sector in the region — over 45,000 companies — as potential partners or customers.”
Located in close proximity to both Sharjah International Airport and Al Hamriya Port, Al Saja’a Industrial Oasis offers direct access to world-class logistical infrastructure, for companies to import, export or re-export goods and materials, both into and out of the UAE. Guided by the vision of HH Dr Sheikh Sultan Bin Muhammad Al Qasimi, Member of the UAE Supreme Council and the Ruler of Sharjah, to create a strong and diversified economy, Sharjah Asset Management follows a varied yet strategic approach to its investments.
Sectors that SAM invests in include finance and trade, logistics, technology, real estate, transportation, industrial, and oil and gas. Investors can visit the website at www.alsajaaoasis.com for information on Al Saja’a Industrial Oasis’ development or contact our sales team on 06 597 2251 for further information.