CEO of “Alef” Real Estate Company: 9 billion dirhams, the volume of our investments in Sharjah

The size of Alef Real Estate Development Company’s real estate investment portfolio in the Emirate of Sharjah has reached 9 billion dirhams since its inception in 2013. The Hayyan project worth 3.5 billion dirhams.

The company’s CEO, Issa Ataya, emphasized that the listing of the company in the capital markets requires an extensive study on its feasibility, and its impact on the company and the interests of partners and investors, as many of the important real estate companies in the country are not listed in the capital markets, “and therefore we do not consider it At least in the short term it is part of our strategy, but it does not prevent us from studying the matter properly if we find in a added and real value for the company, its projects and investments. ”

He said in an interview with “Al-Ru’ya” that the company has recently offered a number of support facilities to investors, especially easy payment plans that extend over 6 years, including 3 years after receiving ownership in the Hayyan and Al Mamsha projects, as well as collaboration with the Sharjah Investors 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 emirate.

He said the company offers wide options for financing property 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, in terms of simplicity and speed of procedures and requirements, and the company is committed to providing everything investors are looking for to enable them to acquire on real estate units that are suitable for them.

Issa Ataya, CEO of Alef Real Estate Development Company, said the company recently signed a partnership agreement with the Sharjah Center for Entrepreneurship (Sheraa) to support talented youth working to find innovative solutions to their future businesses 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 involving them in society, we also have the fifth edition of the Sharjah Entrepreneurship Festival, which Expo Center was held, sponsored. Sharjah, and has seen a huge turnout of entrepreneurs.

He added: We finally honored the winners of the new “Sharjah Gate Challenge” cycle, held under the title “Sharjah Gate Challenge – The Walk.” In addition to the award, Alef will support the winners with equipment for companies and stores, prepare their projects and plans, train them to offer deals, and many other benefits.

According to Ataya, “Alef” will provide the winners with various facilities and equipment, with the possibility of continuing their work in 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 emirate, and has helped attract international investors to invest in its projects, which they regard as investments. achieving appropriate financial returns, 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 Sharjah?

The real estate sector in the UAE is constantly growing and developing, and it is a promising sector full of quality projects and rewarding opportunities, thanks to the many elements enjoyed by the state, the most important of which is its strategic location, the flexibility of investment. laws, the 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 real estate sector in Sharjah is a big part of this qualitative 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, It is promising and has many growth opportunities in the future.

The real estate sector has benefited from the incentive packages provided 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 impact arising from the Corona pandemic , which contributed to Reduction of consumer account insurance fees and installments, and discounts on licenses Reduction of property purchase fees for non-GCC citizens from 4% to 2% of the sales value.

Describe the company’s performance during 2021? In terms of sales and profit?

I think the year 2021 represented the beginning of recovery from the Corona pandemic, it is true that some challenges still exist, and the pandemic has not disappeared, but the decline in its impact and people’s belief in the need to continuing with life while continuing to comply with precautionary measures has contributed to the return of activity to the real estate sector, especially as property as a product is a necessity.

We can say that people are now more aware of the importance of investing, especially in the real estate sector, because of the stability of this sector first, and also because it is one of the assets that retains its value in the long run, in addition to the high quality of real estate in the UAE, in terms of design, construction and finishing, The maintenance and management services provided by companies and other competitive advantages.

“Alef” managed to deliver many property units last year, according to the scheduled delivery plan, and construction work has continued on the projects under construction, and we are satisfied with what has been achieved and we are trying to build on that for more successes in the current year and the coming years, and to say in clear terms: 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 investment plans of the company on the map of its projects?

We recently launched our new project “Hayyan” under the slogan “A place with the essence of man” at a total cost of about 3.5 billion dirhams, and it covers an area of ​​8.7 million squares foot, and includes 1,836 villas distributed. over three areas From the project, 268 villas will be delivered in the Areem district, which includes a total of 727 residential villas within 6 different interior designs, which are expected to be delivered within the second and third phases.

The project, which is expected to be delivered in the last quarter of 2024, allocated 80,000 square feet of land allocated for organic farming, as well as more than 40,000 trees and the largest swimming lake in the emirate covering an area of 50,000 square feet, in addition to the largest community garden within a residential complex. In Sharjah, on an area of ​​one million square feet, it includes several sports fields, a gym and running and cycling lanes that stretch over a distance of 6. kilometers, in addition to various options for restaurants and cafes, a gym and a child care center.

Tell us about the incentives and facilities the company offers to attract investors?

We recently launched easy payment plans that span 6 years, including 3 years after we received ownership of the Hayyan and Al Mamsha projects, and we also work with the Sharjah Investors Services Center “Said” to fund investment activities in Sharjah and provide more facilities for investors and businessmen to establish or expand their businesses in the emirate, and we offer wide options for financing property units in our projects through a number of national banks, and I believe that the process of a Buying a home 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 investors are looking for to enable them to acquire the appropriate 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 requires an extensive study on its feasibility, and its impact on the company and the interests of partners and investors, many of the major real estate companies in the country are not listed in the capital. markets, and therefore we do not consider it, at least at this stage, to be part of our near-term strategy. However, this does not prevent us from studying the matter properly if we find an added and real value for the company, its projects and investments.

What are Alef’s most prominent achievements last year?

In terms of the most prominent achievements in the past year, we have launched “Al Mamsha Seerah”, within our “Al Mamsha” project, and it consists of 3 residential complexes consisting of 1586 residential units spread over 10 buildings, to to form a range of units that include studios and apartments of 1-2-3 rooms bedrooms, all equipped according to the highest international quality standards.

We also introduced “Sama Residence” in “Al Mamsha” at the beginning of last year, which for the first time includes 127 fully furnished residential units in Sharjah and in nine different designs.

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