Sharjah, 12 November 2013: Sharjah - ASAS Real Estate, the real estate arm of Sharjah Islamic Bank (SIB), has announced the sale of the second phase of commercial plots in Industrial Area 18, with areas of approximately 13,000 square feet now on offer to investors. SIB will also be providing Sharia'a compliant banking facilities.
The commercial plots enjoy a direct view on Maleiha Street and a strategic location linking Emirates Road, previously known as Bypass Road, to Sheikh Mohammed bin Zayed Road. The plots will be sold at attractive prices per square metre, in addition to financing services provided by the bank.
Speaking on the occasion, Eng. Ahmed Al Amiri, General Manager of ASAS, said, "The company launched the sale of the second phase of commercial plots in Industrial Area 18 to encourage the use of the industrial zones in Sharjah. The plots on offer not only enjoy a range of integrated services, including easy access through well developed a road network, lighting, and parking lots designed according to the latest international standards, but are also being offered for sale at reasonable prices so as to attract the largest possible number of investors."
Al Amiri pointed out that the bank would support investors who want to buy the plots by providing them with Sharia-compliant banking facilities and financing solutions. He noted that the excellent response witnessed by the first phase of the project and the impressive results achieved would encourage the company to set up more real estate projects in the future.
The property company revealed that construction in the industrial area will involve the construction of a ground, mezzanine, and one-storey building, as well as the possibility of other investment activities, including showrooms, warehouses and offices as well as other various commercial and industrial activities, all equipped and provided with every possible facility and service.