Kuwait Real Estate And IFA Hotels Sign AED 198 Million Contract For Al Tay Hills Development In Sharjah

Kuwait Real Estate Company, along with its subsidiary IFA Hotels and Resorts, has entered into a contract with Darwish Engineering. This UAE-based construction firm will handle infrastructure work for the Al Tay Hills residential project in Sharjah. The project is valued at AED198 million and involves Qaryat Al Nakheel Real Estate, another subsidiary of Kuwait Real Estate, as the project's executive arm.

The agreement encompasses the design and execution of essential infrastructure components. These include sewage networks, a wastewater treatment plant, two water pumping stations, and networks for roads, stormwater drainage, electricity, telecommunications, and water systems. This comprehensive approach aims to ensure a robust foundation for the development.

Khaled Esbaitah, Chairman of IFA Hotels and Resorts, expressed enthusiasm about the partnership with Darwish Engineering. He stated, "Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market." This collaboration is seen as crucial for advancing Al Tay Hills' infrastructure.

Bahaa Al-Nahwi, General Manager of Darwish Engineering, highlighted the strategic importance of this contract. He noted that it reinforces their commitment to providing integrated engineering solutions that enhance urban development in Sharjah. The company plans to utilise its full technical expertise and resources to complete the project on schedule while adhering to top engineering standards.

Al Tay Hills stands out as one of Sharjah's largest residential developments. It covers over 6 million square feet and includes 1,100 residential units such as villas and townhouses. Located strategically on Emirates Road, it will feature a 2.5-kilometre-long green river—the longest in the region—adding to its appeal as a modern urban destination.

The first phase of Al Tay Hills is expected to be completed by the first quarter of 2028. Since its inception, the project has garnered significant interest from investors and buyers alike. Its combination of luxury units with contemporary design in a prime location underscores its potential as an attractive investment opportunity within an integrated residential community.

This collaboration between Kuwait Real Estate Company and Darwish Engineering signifies a pivotal step towards creating smart and sustainable residential communities in Sharjah. By focusing on quality infrastructure development, they aim to enhance investment appeal while establishing Al Tay Hills as a leading urban destination.

With inputs from WAM