The second phase of Sharjah's Uptown Al Zahia neighbourhood has been launched.
High demand for properties led to the release, says Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management.
Kicking off phase two is the Woroud 3 residential buildin with a choice of studio, one, two, and three-bedroom apartments with access to gyms, swimming pools and barbecue areas.
In a first for a Sharjah development, buyers can pay over seven years, with an initial five per cent down payment, 35 per cent paid over three years, and 60 per cent paid post-handover over four years.
The community in University City Road also has a 7,500 square metre retail space and a pedestrian bridge that will give direct access to the upcoming City Centre Al Zahia.
Shadi Al Azzeh, Al Zahia project head at Majid Al Futtaim Properties, says: “With the launch of its second phase, Uptown Al Zahia continues to deliver on its promises of growth and long-term value for customers. This new phase introduces more high-quality residences to the emirate’s epicentre of growth, meeting strong demand.
"By shaping today’s real estate market and creating an aspirational place to call home, Al Zahia reinforces its leading position as Sharjah’s most desired lifestyle destination."
The entire Al Zahia development is scheduled to be completed by 2023 and will total 2,400 homes. To date, 55 per cent of the project has been sold with 800 families already in residence.