Sharjah, UAE, 25 November 2018: Al Thuriah Group, one of the leading real estate developers in the United Arab Emirates, announced that the number of residential and commercial sales reached 30 percent in La Mer Tower, which was unveiled during City Scape Global 2018 held at the Dubai World Trade Center.
Raymond Khouzami, CEO of Al Thuriah Group said: “La Mer Tower will be launched in a few weeks and new residential and commercial units will be handed over without delay. As a Group, we have developed systematic work mechanisms over the last two decades enabling us to provide the highest quality of customer experience while executing projects in a timely manner. After restructuring operations, Al Thuriah Group has been able to capture more opportunities in UAE’s real estate sector, particularly in Sharjah,” He added: “The group entails four divisions that work harmoniously together for the implementation of urban projects, including: Thuriah Properties, Thuriah Construction, Thuriah Leasing, and Thuriah Services and Facilities Management.”
The tower is comprised of 350 apartments with options for 1, 2 and 3 bedrooms of different sizes, 12 duplexes, 17 offices and two shops, in addition to 474 spacious parking spots over seven floors. Designed with two independent entrances, the first for residence and the second for offices, the building layout ensures residence will have a quiet separation from the office rush hour.
Khuzami highlighted the growing demand for medium-sized luxury apartments, which is evident in the amount of units sold in the tower. With an investment cost of AED 350M, La Mer is ideal for those who seek comfort and tranquility in the heart of the city, all the while taking into consideration that units are available for sale under the freehold system in accordance with the laws and regulations of the emirate of Dubai and Sharjah. Located on Al Mamzar Beach between Sharjah and Dubai, La Mer Tower is a few steps away from the sea with pedestrian walkways along the Mamzar Corniche. A new architectural landmark, the building’s design differs from those around it as it combines the charm of Sharjah’s heritage and culture with the modernity that characterizes the neighboring city of Dubai. Standing at 150-meters high on Al Ittihad Street, La Mer Tower offers a 360-degree panoramic view of Al Mamzar and Al Khan Lakes in Sharjah, and at the same time a view of Burj Khalifa in Dubai on the other side. The Tower has two swimming pools for adults and children, as well as two health clubs separated for men and women.
Several factors have been contributing to the revitalization of the real estate market in Sharjah, creating an incubator environment for investments, which has been vital to advancing and highlighting the capabilities of construction in the Middle East.
In recent years, the legal environment governing the real estate sector in Sharjah has witnessed remarkable developments in its legislations, complying with the market’s needs, including the freehold laws and the recent approval of the right of ownership of non-resident Arabs. Real estate projects approved by the government contribute, encourage and attract investments of international companies while supporting the emirate’s economic status.
Khuzami highlighted Sharjah’s success in guaranteeing the rights of dealers in the real estate market, keeping pace with the sectors latest developments, while being ready to intervene to address issues that may arise through sound legal solutions. “The future of Al Thuriah Group involves implementing more real estate projects, mainly in Sharjah, as the market enjoys an environment governed by specialized laws and regulations which will attract more secure investments, while at the same time boosting economic growth and increasing GDP,” said Khuzami. Photo captions:1- Raymond Khouzami, CEO of Al Thuriah Group2- La Mere
About Al Thuriah:
Over the past two decades, Al Thuriah, the pioneering service provider to the real estate and construction industry, has built over 100 quality residential, office and industrial projects covering over 15 million square feet in the UAE. Providing integrated and standalone services that cover the whole property cycle, from idea to reality, Al Thuriah specializes in high-rise residential towers and communities and tailors its designs to the needs of the modern family.
Al Thuriah has earned customer confidence by being responsible and respectful of the projects placed in its trust, by adhering to the agreed budget and schedule and by focusing on and utilizing local resources and partners. By adopting a holistic approach to property development, integrating all services needed by customers, it is now a one-stop-shop for any property request. www.althuriah.com