ASAS launches phase two of Sajaa Industrial Lands project
ASAS Real Estate Launches Phase Two of Sajaa Industrial Lands in Sharjah
ASAS Real Estate, part of Sharjah Islamic Bank, has started sales for the second phase of the Sajaa Industrial Lands project in Sharjah's Sajaa Industrial Area. This project offers freehold ownership to UAE nationals, GCC citizens, and Arab residents, with payment plans up to 24 months.
Project Details
Ahmed Al Ameri, General Manager of ASAS Real Estate, shared that phase two follows the success of phase one in late 2024. The project aims to provide competitive investment opportunities, supporting Sharjah's industrial growth and economic diversification.
Plot Information
The second phase includes 1,239 plots with strong infrastructure, suitable for industrial and commercial projects. Plot sizes range from 9,500 to 30,000 square feet, priced between AED1,045,000 and AED4,050,000. A 20% down payment is required, with a 24-month payment plan.
Investment Opportunities
Investors can build warehouses with mezzanines on industrial plots, while commercial-industrial plots allow for showrooms, offices, and warehouses. Special financing is available through Sharjah Islamic Bank.
Support for Investors
ASAS Real Estate offers a dedicated team at its Sharjah headquarters on Maliha Road to assist investors with project details and technical queries.
Doubts Revealed
ASAS Real Estate
ASAS Real Estate is a company that deals with buying, selling, and managing properties. It is part of Sharjah Islamic Bank, which means it is owned by the bank.
Sharjah
Sharjah is one of the seven emirates in the United Arab Emirates (UAE). It is known for its cultural heritage and is located next to Dubai.
Sajaa Industrial Lands
Sajaa Industrial Lands is a project in Sharjah that provides land for industrial purposes. This means businesses can set up factories or warehouses there.
Freehold ownership
Freehold ownership means that the person who buys the land owns it completely and can keep it forever, unlike renting where you have to give it back after some time.
UAE nationals, GCC citizens, and Arab residents
UAE nationals are people from the United Arab Emirates. GCC citizens are people from countries in the Gulf Cooperation Council, like Saudi Arabia and Qatar. Arab residents are people from Arab countries living in the UAE.
AED
AED stands for Arab Emirates Dirham, which is the currency used in the United Arab Emirates. It's like how we use Rupees in India.
Down payment
A down payment is the first amount of money you pay when you buy something expensive, like land or a house. It's usually a percentage of the total price.
Sharjah Islamic Bank
Sharjah Islamic Bank is a bank in Sharjah that follows Islamic banking rules. This means it operates according to Islamic laws, which include not charging interest.
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