UAE's Eco-Friendly Real Estate Innovation
The UAE's Longest 'Green River' and New Real Estate Project
The United Arab Emirates' real estate market has unveiled another unique project that prioritizes ecological sustainability. Al Tay Hills, located in Sharjah, will feature the region's longest 'green river', which will be unparalleled among the GCC countries. The project is launched by Kuwait Real Estate Company (Aqarat) and IFA Hotels and Resorts with a total investment of 3.5 billion dirhams (approximately 1 billion dollars).
The Concept of the 'Green River'
A 2.5-kilometer-long green oasis will be the central feature of the Al Tay Hills community, situated next to Emirates Road near the Grand Mosque in Sharjah. This 'green river' not only offers aesthetic appeal but also serves as the natural lung and main artery of the development. It aims to provide residents with fresh air, leisure opportunities, and a healthy lifestyle. The project involves the creation of walkways, rest areas, and recreational spaces, making it an ideal location for those seeking proximity to nature.
Community Services and Infrastructure
The Al Tay Hills development spans a total of six million square feet and will accommodate 1,100 townhouses and villas. The residences vary from three to six bedrooms, with prices ranging from 1.8 million dirhams to 7.2 million dirhams. Several community facilities will also be established as part of the project, including:
a. Playgrounds
b. Mosque
c. Restaurants and Cafes
d. Retail Shops
e. Swimming Pools
f. 11 kilometers of walking and cycling tracks
These elements together create a living space that is not only comfortable but fully meets the requirements of a sustainable lifestyle.
Sustainability and Economic Benefits
Jamal Al Shawish, the Sales and Marketing Director of IFA Hotels and Resorts, states that the 'green river' is designed to provide a unique recreational experience while setting new standards for sustainable living. Talal Al-Bahar, Vice Chairman and CEO of Aqarat, added that the UAE real estate market is an attractive destination worldwide, and Sharjah is especially favored due to its business-friendly environment and governmental commitment to real estate development.
Furthermore, Khaled Esbaitah, Chairman of IFA Hotels and Resorts, highlighted that the regulations introduced by the Sharjah government on freehold ownership have provided significant momentum to the market, allowing property purchases by people of all nationalities.
Development Timeline
The project will be realized in three phases, with the first phase expected to be completed in the first quarter of 2028. The developers are optimistic as the market has already shown great interest in the project.
Summary
Al Tay Hills and its associated 'green river' are not only among the most exciting developments in the UAE's real estate market but also represent the future of sustainable urban development. The project stands out not just as a residential community but also as a model of ecological harmony, potentially inspiring other developments across the region. Sharjah's economic diversity and the growth of the real estate market create new opportunities for both investors and residents.
