Sharjah 24: ASAS Real Estate, the Real Estate arm of Sharjah Islamic Bank (SIB), announced the provision of a new sales centre for those wishing to own apartments in Khorfakkan Resort Project. Between March 5 - March 10, ASAS sales team will receive the public in Al Dana Ballroom at Oceanic Khorfakkan Resort & Spa daily from 10 AM to 10 PM.
Diversifying channels of direct communication with customers and facilitating access to sales centres for development projects
Engineer Ahmed Al Amiri, General Manager of ASAS Real Estate, said: “In order to diversify channels of direct communication with our customers, facilitate their access to sales centres for our development projects, and enhance customer services, it was decided that sales of the Khorfakkan Resort project would take place at Al Dana Ballroom in Oceanic Khorfakkan Resort & Spa for a period of 6 days, beginning next Sunday, 5th March 2023. The company will, also, continue to receive customers at the official ASAS sales centre headquarters located in Maliha Street in Sharjah.”
Engineer Ahmed Al Amiri explained that the sales centre will host a highly professional team at Al Dana Ballroom during working hours, extending from 10 AM - 10 PM daily, to provide customers and investors with the details of Khorfakkan Resort project. Visitors to the centre will be provided with stunning views of the completed project, apartment designs, layouts, apartment sizes and the resort's promotional brochure.
The General Manager of ASAS Real Estate confirmed that the Khorfakkan Resort project is in line with the visions and directives of His Highness, Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of the Emirate of Sharjah, in the implementation of many development projects in Khorfakkan, which achieved a quantum leap in various sectors. The city has been transformed into a major destination for ownership, residence, investment and business in the real estate sector in the eastern coast of the UAE. The Khorfakkan Resort represents the latest real estate projects developed by ASAS Real Estate, an ideal location in close proximity to Oceanic Khorfakkan Resort & Spa, with beautiful views of the Khorfakkan city beach. The project covers a total area of 330,000 sq. ft., with a total building area of 1,426,000 sq. ft.
The project is the first residential and commercial real estate development to be offered for freehold ownership for all nationalities in Khorfakkan, and boasts a creative and sophisticated architectural design.
Al Amiri added: “UAE nationals, Gulf nationals and Arabs wishing to own property, in addition to foreigners residing in the country, will have competitive investment opportunities with wide options in a variety of areas. Residential units will begin sales from 560,000 dirhams with an extended payment plan period for up to 6 years,
Ambitious developmental investments in the coastal housing projects sector
He continued: “The project includes a basement floor, a ground floor, and two floors above ground level for car parking. 9 residential floors will house 573 apartments with luxurious finishing and open spaces; apartment layouts will include 1-,2-,3- and 4-bedroom apartments with spacious halls. Additionally, the project hosts 19 multi-use. The project will have an integrated and enhanced scheme of facilities and supportive services, restaurants and cafes, and will have provisions such as swimming pools, gyms & fitness halls, a playing area, designated grilling areas, and private beach and breakwater access on the wonderful Khorfakkan coast. Uninterrupted views of the surrounding mountains with a facade overlooking the amphitheatre and waterfalls at Khorfakkan and Souq Sharq are highlights of the projects’ exclusive location. A mere 8 km. from the Suhub rest area and 11 km. from Al Rafisah Dam, the development’s scenic location constitutes a strong tributary to enhance the performance of the tourism and investment sectors in the city of Khorfakkan, while simultaneously achieving added value for the benefit of investors in the project.”
Al Amiri noted that the construction of the project has been started with the aim of completion before the end of the last quarter of 2025. He expressed his happiness with the high level of public interest, thus far, in investing in the project since it was put up for sale for the first time in early January. The project serves as an important incentive for the company to continue to develop its ambitious project and launch investments in the coastal residential projects sector. The company benefits from its long history of prior successful experiences and exceptional expertise in real estate investments, consolidating the position of ASAS Real Estate Company as a supportive pillar for the landmarks and future of the comprehensive real estate boom in the UAE.”
Providing investment opportunities that offer remunerative returns commensurate with the pace of growth of the Real Estate sector in the UAE
It is noteworthy that ASAS Real Estate is headquartered on Maliha road in the Emirate of Sharjah. Its business model focuses on investing in the real estate sector, particularly major development projects, with a focused interest on providing investment opportunities that offer attractive returns commensurate with the pace of growth of the real estate sector in the UAE. The company cooperates with Sharjah Islamic Bank, as a subsidiary of it, in providing banking facilities and financing solutions compatible with Islamic Sharia, for its various real estate and investment projects.
In addition to the "Khorfakkan Resort" project, the company is managing another group of its promising development projects, including: Muzaira'a residential projects in its various stages, Al Rahmaniyah commercial lands project, Al Zubair orchards project, Rawdat Al-Qart, among others.
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