ASAS Real Estate Launches 100-Year Leasehold Initiative For Expatriates In Sharjah's Al Saja’a Industrial Project

ASAS Real Estate, part of Sharjah Islamic Bank, has introduced a significant feature in its Al Saja’a Industrial Land project. This initiative allows expatriate investors from all non-Arab nationalities to secure 100-year leasehold ownership. Additionally, Arab investors can opt for freehold ownership. This move aims to enhance Sharjah’s attractiveness as a long-term industrial investment hub by offering strategic location benefits and promising returns.

The decision to offer 100-year leasehold ownership is open to all nationalities, provided the investor holds valid UAE residency. This reflects Sharjah's dedication to equal investment opportunities and enhances the emirate's real estate competitiveness. The initiative is expected to attract diverse investor segments, contributing to the expansion of industrial activities in the region.

Ahmed Al Amiri, General Manager of ASAS Real Estate, stated, "The launch of the 100-year leasehold feature comes in response to growing demand for Al Saja’a Industrial Land. It provides flexible options for expatriate investors to enter Sharjah’s real estate and industrial sectors." He highlighted that this step strengthens the project's role as a key driver of economic growth by attracting new investors.

Al Amiri further noted that this initiative marks a significant advancement in supporting real estate diversification. It encourages expatriate capital investment in vital sectors contributing to the local economy. The move also showcases Sharjah's increasingly open property legislation, enhancing its status as an attractive investment destination both nationally and regionally.

The project offers competitively priced industrial land starting at AED 1,045,000, with plot sizes ranging from 9,500 to 30,000 square feet. This pricing strategy aims to attract a wide range of investors looking for opportunities in a secure and stable environment with modern infrastructure.

ASAS Real Estate’s Vision

Al Amiri emphasised that the project aligns with ASAS Real Estate’s vision of supporting Sharjah’s economic and real estate development journey. It expands opportunities for investors to achieve their goals in a safe and stimulating environment. The introduction of this leasehold feature complements existing freehold options for Arab investors, enhancing diversity and boosting competitiveness across the region.

This initiative not only supports industrial growth but also reflects Sharjah's commitment to creating an inclusive investment landscape. By offering flexible ownership options, ASAS Real Estate aims to attract more investors and contribute significantly to the emirate's economic development.

With inputs from WAM