The size of Alef Real Estate Development’s real estate investment portfolio in the Emirate of Sharjah has reached 9 billion dirhams since its inception in 2013. The Hayyan project is worth 3.5 billion dirhams.
The CEO of the company, Issa Ataya, stressed that the listing of the company in the capital markets requires an extensive study about the feasibility of its use, and its consequences on the company and the interests of partners and investors, as many of the important realities. Real estate companies in the country are not listed in the capital markets, “and therefore we do not consider that at least in the short term it is part of our strategy, but this does not prevent us from studying the issue well if we find in that an added and real value for the company, its projects and investments. ”
He said in an interview with Al-Ru’ya that the company recently offered a range of support facilities to investors, most notably light payment plans spanning over 6 years, including 3 years after acquiring ownership in Hayyan and Al Mamsha Projects, as well as cooperation with the Sharjah Investor Services Center “Saeed”. », To promote investment activity in Sharjah, and to provide more facilities for investors and businessmen to establish or expand their businesses in the UAE.
He said the company offers ample opportunities to finance real estate units in its strategic projects through a number of national banks, as the process of buying a home in the UAE is one of the easiest in the world, as far as relates to the simplicity and speed of procedures and requirements, and the company is committed to providing everything investors need to enable them to get into the real estate units suitable for them.
Issa Ataya, CEO of Alef Real Estate Development Company, stated that the company recently signed a partnership agreement with the Sharjah Center for Entrepreneurship (Sheraa) to support talented young people who are working to find innovative solutions to create businesses. their future in Alef projects. In addition to a partnership with the American University of Sharjah, with the aim of supporting community initiatives in the field of youth education and their engagement in society, we also sponsored the fifth edition of the Sharjah Entrepreneurship Festival, which was held at the Expo Center . Sharjah, and witnessed a large turnout of entrepreneurs.
He added: “Finally we honored the winners of the new cycle” Sharjah Gate Challenge “, which was held under the title” Sharjah Gate Challenge – The Walk. ” In addition to the award, Alef will support winners with equipment for companies and stores. , preparing their projects and plans, training them to submit bids and many other benefits.
According to Ataya, “Alef” will provide the winners with various facilities and equipment, with the possibility of continuing work on the “Al Mamsha” project for a period of not less than 5 years, in addition to a capital contribution.
What is the size of the group’s investment portfolio?
The company’s investment portfolio has reached 9 billion dirhams since its inception in 2013, as it has been able to develop many strategic real estate projects in the Emirates and has contributed to attracting international investors to invest in its projects. which they consider as investments. achieving adequate financial income, in a sustainable and modern environment.
How do you see the development of the real estate sector in the UAE and what are its implications for the Emirate of Sharjah?
The real estate sector in the UAE is constantly growing and developing and is a promising sector full of quality projects and rewarding opportunities, thanks to the many elements enjoyed by the state, where the most important is its strategic location, investment flexibility. laws, concessions and facilities provided by the government and the existence of a supportive business environment.
The UAE real estate sector is the most attractive in the region, and certainly the Sharjah real estate sector is a key part of this quality development, thanks to the emirate’s position as a cultural capital, a tourist destination and a destination for families, and its fourth place among the safest cities in the world, which makes the real estate market in Sharjah, is promising and has many growth opportunities in the future.
The real estate sector has benefited from incentive packages offered by the Sharjah government during 2020 and 2021 to support government and private agencies, business sectors and individuals in various fields, to mitigate the economic and social impacts of the pandemic. of Corona, which contributed to the reduction of tariffs and installments of consumer bill insurance, as well as discounts on licenses Reduction of real estate purchase tariffs for non-GCC citizens from 4% to 2% of the sale value.
Describe the performance of the company during 2021? In terms of sales and profits?
I think the year 2021 represented the beginning of the recovery from the Corona pandemic, it is true that some challenges still exist, and the pandemic did not disappear, but the decline of its impact and people’s belief in the need to continue life by continuing to adhere to the measures previously, contributed to the resumption of activity in the real estate sector, all the more so as real estate as a product is a necessity.
We can say that people are already more aware of the importance of investing, especially in the real estate sector, because of the stability of this sector in the first place, and also because it is one of the assets that preserves its value. in the long run. In addition to the high quality real estate in the UAE, in terms of design, construction and finishing, the maintenance and management services provided by the companies and other competitive advantages.
Last year, “Alef” managed to deliver many units of real estate, according to the planned delivery plan, and construction work continued on construction projects, and we are satisfied with what has been achieved and we are trying to build for more a lot. successes in the current year and years to come, and to put it bluntly: the future of the real estate sector There is optimism in Sharjah and the UAE, and Alef projects are part of this continued success.
What are the company’s investment plans in the map of its projects?
We have recently launched our new project “Hayyan” under the slogan “A place with human essence” with a total cost of about 3.5 billion dirhams, and covers an area of 8.7 million square meters and includes 1,836 scattered villas. In three areas The project will deliver 268 villas in Areem district, which includes a total of 727 residential villas in 6 different interior designs, which are expected to be delivered within the second and third phase.
The project, which is expected to be completed in the last quarter of 2024, has allocated 80,000 square meters of land designated for organic cultivation, as well as more than 40,000 trees and the largest swimming lake in the Emirates covering an area of 50,000 square meters, in addition to the largest community garden within a residential complex. In Sharjah, in an area of one million square meters, it includes various sports fields, a gymnasium and running and cycling tracks that stretch for a distance of 6 kilometers, in addition to several options for restaurants and cafes, a gym and a care center of children.
Tell us about the incentives and facilities the company offers to attract investors?
We have recently introduced light payment plans extending over 6 years, including 3 years after taking ownership of the Hayyan and Al Mamsha projects, and we are also collaborating with the Sharjah Investment Services Center “Said” to promote investment activity in Sharjah and offer more facilities for investors and businessmen to set up or expand their businesses in the UAE, and we offer extensive opportunities to finance real estate units in our projects through a number of national banks and I believe the buying process of a house in the Emirates is the easiest in the world in terms of simplicity and speed of procedures and requirements, and we are committed to providing everything that investors seek to enable them to obtain suitable real estate units for them, this is in addition to our focus on the highest international quality standards in the field of design, construction and final delivery.
Have you considered listing the company in the local capital markets in the future?
The issue of listing in the capital markets needs an extensive study on the feasibility of its use and its consequences on the company and the interests of partners and investors, many of the important real estate companies in the country are not listed in the capital . markets, and therefore we do not consider this, at least at the current stage, as part of our strategy in the near term. However, this does not prevent us from studying the issue well if we find an added and real value for the company, its projects and investments.
What are Alef’s most notable achievements last year?
In terms of outstanding achievements over the past year, we launched Al Mamsha Seerah as part of our Al Mamsha project, and it consists of 3 residential complexes that include 1586 residential units spread over 10 buildings, for form a variety of units. which include studios and apartments with 1-2-3 bedroom rooms, all equipped according to the highest international quality standards.
Also, at the beginning of last year, we launched “Sama Residence” in “Al Mamsha”, which includes 127 fully furnished apartments for the first time in Sharjah and in nine different designs. One sleep.