BREEAM certified property developments are proven to enhance property value for homeowners
Sharjah, United Arab Emirates - Tuesday, August 16th 2016 [ME NewsWire]
Sharjah Holding PJSC, a strategic partnership between the government of Sharjah and Majid Al Futtaim Properties, has announced today that Al Zahia, its first residential community in Sharjah, has been awarded the internationally accredited BREEAM Communities Interim Assessment certificate – the world’s leading assessment method for master planning, infrastructure and buildings.
Commenting on the milestone achievement, Hawazen Esber, CEO of Communities at Majid Al Futtaim Properties, said: “At Majid Al Futtaim, sustainability is at the core of our DNA in everything we do and we are proud to be the first in the Middle East to have achieved BREEAM Communities certification for Al Zahia. This award is a testament to the due diligence and hard work that has been put in throughout the community and in relation to the ongoing development, due for completion in 2022.”
Al Zahia is a landmark development in Sharjah, combining international standards of living with the emirate’s deep-rooted family, community and cultural values. Some of Al Zahia’s initiatives include the reduction of noise pollution and energy consumption, water conservation, ecology and transport assessment, in addition to a socio-economic study that aims to set clear goals for the community to ensure consistency in the sustainability approach.
The BREEAM assessment process provides a robust evaluation of all the elements and stages of new residential and infrastructural developments, including procurement, design, construction and post construction. BRE uses independent, licensed assessors to conduct the appraisals, with the developments rated and certified by BRE on a scale of Pass, Good, Very Good, Excellent and Outstanding.
Further remarking on the BREEAM certificate, Walid Al Hashimi, Chief Executive Officer, Sharjah Holding, said: “This internationally recognised certification provides genuine credibility to Al Zahia’s claims to have adhered to the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to integrate environmentally sustainable practices into new property developments.”
“As the first to achieve this accreditation in the Middle East region, Al Zahia is now a benchmark in its industry and a clear supporter of Sharjah’s aim to become the ‘Environmental Capital of the Middle East’ in 2017,” Al Hashimi concluded.
Sharjah Holding is the trusted developer of Al Zahia and provides quality, delivery and services to the highest standards in the industry. As Sharjah’s first integrated, mixed-use community, Al Zahia will be instrumental in the diversification of Sharjah’s real estate sector and is expected to contribute AED5.5 billion to the local economy upon completion.
Al Zahia is a milestone community located between Sheikh Mohammed bin Zayed Road and University City Road, with convenient road network links connecting it to the rest of Sharjah and just minutes away from Healthcare City, University City, the school district and the adjacent Al Qarayen neighbourhood – a High Net Worth residential area.
Within this new high-end residential community there are areas for recreation, worship and childcare, in addition to communal areas and retail facilities – creating the ideal environment for a contemporary community lifestyle, steeped in both Sharjah's and traditional Arab values.
Currently, the Al Jouri neighbourhood comprises 49 villas which are fully occupied and 197 townhouses and villas due for handover in Q4 of 2016, while the Al Narjis neighbourhood is already 55% sold, indicating a growing appetite for owning a home in Al Zahia.
In addition to the villas and townhouses in these neighbourhoods, Al Zahia will offer around 1,000 apartments ranging from studio to two-bedroom units. Buildings B and C of the Garden Apartments have been launched and are already 80% sold. Both buildings will be completed by Q4 of 2017 while the final completion of the community is scheduled for 2022.
For more information or to schedule a site tour and visit to one of our show homes, call 800 ZAHIA or visit the Al Zahia Sales Centre on weekdays, between 8am – 5pm.
Disclaimer: All facts and figures in this release are accurate at the time of issuance.
About Al Zahia
Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. As Sharjah’s first integrated, mixed use gated community – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.
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About Sharjah Holding JSC
Sharjah Holding, a strategic partnership between the Government of Sharjah and
Majid Al Futtaim Properties, is a community focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and a major integrated mixed-use community.
Note to the Editor: The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 14 international markets, employing more than 33,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 19 shopping malls, 12 hotels and three mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, and with the Hyperstar brand in Pakistan, operates a portfolio of more than 160 outlets in 14 countries.
Majid Al Futtaim operates 183 VOX Cinema screens and 24 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company is parent to the consumer finance company issuing 'Najm' and 'Voyager' credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates a network of City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
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