Sharjah: Al Hanoo, a leading GCC real estate developer has announced the launch of Marsa Al Nejoum Real Estate LLC in the UAE.
"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," Shaikh Abdullah Al Sakra, chairman of Al Hanoo said in a statement.
The new development arm is set to unveil a host of waterfront villas in the Nujoom Islands on the shore of Sharjah.
Challenging times
"The launch comes at a challenging time, and after deep market research has been undertaken to understand the key indicators and requirements that drive the real estate sector in Sharjah.
"Our objective is to meet the demand in the market from end users. The UAE economy has time and again proved to be resilient. We have tremendous faith in the UAE's real estate sector; things are changing fast with new regulations coming in place due to timely initiatives by the UAE government. These initiatives will pave the way for building consumer confidence in the sector," said Shaikh Abdullah said.
So far, the majority of infrastructure for the Nujoom Islands has been completed.
