ADCB, Sharjah Holding ink deal

Abu Dhabi — Investors in Sharjah’s off-plan real estate market can capitalise on attractive home finance thanks to a newly signed agreement between Sharjah Holding and ADCB Islamic Banking.

The agreement will provide customers looking to purchase property in Al Zahia – Sharjah’s first integrated mixed-use gated community — an opportunity to avail special home finance terms through ADCB Islamic Banking. Al Zahia is one of the projects of Sharjah Holding, which was established through a strategic partnership between the Government of Sharjah and Majid Al Futtaim Properties, equally owned by both parties.

With a contemporary, community lifestyle, Al Zahia development – in the heart of New Sharjah – is a freehold project and spans a total area of 1 million square metres, offering a range of villas, townhouses, low-rise apartments including studios, and commercial mixed-use buildings. Al Zahia is designed to meet the needs of the entire family.

On this occasion, Amr Al Menhali, executive vice president and head of ADCB Islamic Banking, said: “We are delighted to have partnered with Sharjah Holding for the pioneering Al Zahia development. The strategic partnership will allow us to extend our Shari’ah compliant financial solutions to customers, who desire to own their own home in Sharjah’s first gated community. We look forward to working together to provide our valued clients with best-in-class products and services.”

Bader Al Hareb, chief property officer at Majid Al Futtaim Properties Communities Business Unit, said: “Al Zahia heralds a new age for residential living in Sharjah. It embodies the emirate’s traditional values of family, community and culture. Through this symbiotic relationship with ADCB, Al Zahia is able to offer more than just bricks and mortar to prospective homeowners. It is a perfect fit that presents potential like minded home buyers a financial lending concept that meets their personal and lifestyle needs.”

— business@khaleejtimes.com