Al Hanoo Real Estate, one of the leading real estate master developers in the GCC region, has announced the launch of Marsa Al Nejoum Real Estate L.L.C. in the UAE – a new entity mandated to unveil a host of iconic waterfront villas and projects in the Nujoom Islands on the shore of Sharjah.

Al Hanoo has successfully completed a major part of the infrastructure for the Nujoom Islands project by finishing the dredging work plus all water canals and the marina, while protecting the characteristics of the natural islands. The blue sea water flow and circulation gives the Nujoom Islands a unique 36 kilometers of waterfront feeling and ambience for the residents and visitors.

Commenting on the launch, Sheikh Abdulla Al Sakra, chairman of the company, said: “We are proud to announce the establishment of our new development arm, Marsa Al Nejoum with the clear objective of being at the forefront of innovation in property development in UAE. As indicated by its name it will be an iconic waterfront development”.

“We have hired the best experts to focus on Sharjah and UAE based customer demands and to create value at the right cost for our end-users” said Sheikh Abdulla Al Shakra, chairman of Marsa Al Nejoum.

While UAE witnessed an explosive real estate growth till 2008, Sharjah has kept its steady growth on supply for the property sales market, and villa projects have always created demand, especially waterfront villas.

“The launch comes at a challenging time, and after deep market research has been undertaken to understand the key indicators and requirements that drive the real estate sector in Sharjah. Our objective is to meet the demand in the market from end users. The UAE economy has time and again proved to be resilient. We have tremendous faith in the UAE’s real estate sector; things are changing fast with new regulations coming in place due to timely initiatives by the UAE government. These initiatives will pave the way for building consumer confidence in the sector., said Mr. Al Shakra.

He added: “We are convinced that the time is ripe for us to launch our projects, and we have identified Sharjah as an area that has huge potential for iconic property projects. Our iconic development - Nujoom Islands in Sharjah - is set to become a landmark destination. With a diversified range of innovative offerings, Marsa Al Nejoum is confident that our master planned development will attract tremendous interest among prospective investors and buyers across the GCC region.”

Marsa Al Nejoum has positioned itself to take on a leading role in the real estate industry of the GCC with a focus on developing and managing diverse ventures across the region. In a reflection of its commitment to quality, affordability and credibility, Marsa Al Nejoum has adopted an innovative approach with a business strategy that focuses on the highest standards in construction and design, plus timely delivery.

Founded in 2005 in the United Arab Emirates, Al Hanoo Real Estate is one of the leading real estate developers in the Middle East. Right from the days of its inception, Al Hanoo Real Estate has been committed to the development of the property sector in the GCC.