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Al Hanoo announce new development arm in UAE

Al Hanoo real estate, one of the leading real estate master developers in the GCC region, has announced the launch of Marsa Al Nejoum Real Estate L.L.C. in the UAE – a new entity mandated to unveil a host of iconic waterfront villas and projects in the Nujoom Islands on the shore of Sharjah. The project is being conducted in collaboration with The Sharjah Government.

Al Hanoo Holding has completed a major part of the infrastructure for the Nujoom Islands project by finishing the dredging work plus all water canals and the marina, while protecting the characteristics of the natural islands. The blue sea water flow and circulation gives the Nujoom Islands a unique 36 km of waterfront feeling and ambience for the residents and visitors.

Commenting on the launch, Sheikh Abdulla Al Sakra, chairman of the company, said: “We are proud to announce the establishment of our new development arm, Marsa Al Nejoum with the clear objective of being at the forefront of innovation in property development in UAE. As indicated by its name it will be an iconic waterfront development.”

While UAE witnessed an explosive real estate growth till 2008, Sharjah has kept its steady growth on supply for the property sales market, and villa projects have always created demand, especially waterfront villas.

Sheikh Abdulla Al Shakra added: “We are convinced that the time is ripe for us to launch our projects, and we have identified Sharjah as an area that has huge potential for iconic property projects. Our iconic development - Nujoom Islands in Sharjah - is set to become a landmark destination. With a diversified range of innovative offerings, Marsa Al Nejoum is confident that our master planned development will attract tremendous interest among prospective investors and buyers across the GCC region.”

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