The Sharjah-based Alef Group launched its new project Hayyan on Wednesday with a value of Dh3.5 billion. Hayyan will feature the largest swimmable blue water lagoon and community park in Sharjah.
There will be 1,836 smart villas spread throughout three zones in the project, which will cover an area of 8.7 million square feet and be completed in the second half of 2025.
It includes organic edible gardens covering 80,000 square feet, as well as more than 40,000 trees to achieve a sustainable green environment.
There are six distinct interior designs in the project’s residential units. This ranges from seven-bedroom mansions to two-bedroom family homes.
As most of the buyers in Sharjah are believed to be end-users, Sharjah’s real estate market has remained stable even during the Covid-19 pandemic. Sharjah’s Real Estate Registration Department (RERD) reported that real estate transactions in the emirate amounted to a total of Dh26.2 billion last year, an increase of 64,9% year-on-year.
The emirate’s largest community park will span over 1,000,000 square feet and feature a blue-water swimmable lagoon.
Located within 1,000,000 square feet of tranquil surroundings, it also has football pitches, tennis courts, basketball courts, volleyball courts, a gymnasium, and a 6 km track for running and cycling.
“The launch of the Hayyan project is an inspiring and eminent example of our solid efforts at Alef Group, which seek to enhance the investment sector in Sharjah and provide high-quality real estate at international standards. We strive to deliver the very best to those wishing to purchase their own homes, and we guarantee quality and excellence to business owners and those keen to invest in Sharjah,” said Issa Ataya, CEO of Alef Group.
Ataya stressed Alef Group’s commitment to follow a clear approach to its projects, enhancing its place in the competitive market, and emphasizing the role of the company in consolidating the Emirate of Sharjah’s position in the real estate investment market. As a leading destination for investment, tourism, and trade, the Emirate has become one of the most prominent real estate markets in the state and region.
The project is located near Sharjah’s main attractions such as the Sharjah Airport, Zero 6 Mall, Sharjah Equestrian & Racing Club, and the American University of Sharjah.