ASAS Real Estate, the real estate division of Sharjah Islamic Bank, said on Tuesday that sales at the Khorfakkan Resort project will start on Monday, January 9.
Buyers can choose to pay the developer directly over a five-year period for properties starting at Dh560,000 or take advantage of financing options through Sharjah Islamic Bank.
The project’s construction has started, and it is scheduled to be finished by the end of 2025.
The freehold development has a private beach, a beachfront, and a beautiful mountain backdrop. It has a prime strategic site with views of the Souq Sharq, the Khorfakkan waterfall, and the Khorfakkan amphitheater.
Engineer Ahmed Al Amiri, General Manager of ASAS Real Estate, said: “The unique architectural design of the project is consistent with the geographical nature of its prominent strategic location between the beach and the mountains on the eastern coast to be a tourist destination that enriches the cultural and urban dimension of the city of Khorfakkan.”
The project
Upon completion, the project, according to Al Amiri, will have nine residential stories in addition to a basement floor, a ground floor, two higher floors for parking, and a parking garage.
With a total built-up area of 1,426,000 square feet over 330,000 square feet, the project includes 573 units with sizes ranging from one to four bedrooms. It will have 19 shop spaces, 723 parking spots for apartment owners, a gym, and swimming pools. Along Khorfakkan’s coast, owners will also have access to a private beach.
“Khorfakkan Resort offers an exceptional opportunity to own luxury residential units with a private beach on the beautiful coast of Khorfakkan and to enjoy a package of entertainment features, which boost tourism and investment opportunities in the city of Khorfakkan and add value for investors,” Al Amiri added.