Construction & Real Estate

With a host of real estate, major transport and infrastructure projects either being developed or in the pipeline, Sharjah’s construction sector is going through a busy time. Much of the new work is addressing previous shortages in areas such as gated and lifestyle communities, higher-end offices and retail premises, and more modern industrial estates. Sharjah has also begun to carve out a distinct profile on the global real estate property map. The emirate has committed to higher-end developments, while also widening ownership structures. It has grown both economically and demographically, and now offers its own much larger internal market, which is no longer so closely tied to developments elsewhere. This chapter contain an interview with Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group; and Chairman, ARADA; and Raymond Khouzami, CEO, Al Thuriah Group.