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Al Zahia launches the UAE’s first Value Protection Programme to offer investors the chance to protect their investment from any price change

• For a limited time, Al Zahia will guarantee the best price for homes at Sharjah’s premier lifestyle destination and protect buyers’ investments from any future price changes.
• Purchasers can also save up to 8% on selected homes at Al Zahia, which is open to all nationalities.
• The Value Protection Programme is available for homes in Al Lilac neighbourhood, Al Yasmeen neighbourhood and Uptown Al Zahia.

For Immediate Release
Sharjah, 7 December, 2019:
Sharjah Holding PJSC, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has launched the UAE’s first Value Protection Programme. Available for a limited time, the Programme guarantees that investments are protected against any future changes in price, enabling home-owners of all nationalities to invest with confidence in Al Zahia. The Value Protection Programme is available for homes in the neighbourhoods of Al Lilac, Al Yasmeen and Uptown Al Zahia, which has a direct connection to City Centre Al Zahia, set to open in 2020.
The newly announced Value Protection Programme was designed to offer buyers who aspire to own homes at Sharjah’s premier lifestyle destination the opportunity to invest with confidence and claim the difference if more attractive incentives are offered in the future. Investors can also save up to 8%. The Value Protection Programme will be available until December 31st, 2019.

Shadi Al Azzeh, Al Zahia Project Head at Majid Al Futtaim Properties, said, “There has never been a better time to buy at Al Zahia. We are constantly striving to meet our customers’ needs, and we understand that buying a home is a significant decision. With our Value Protection Programme, buyers have the assurance that they are receiving the best value when they invest in Sharjah’s premier lifestyle destination.”
Strategically located in the heart of New Sharjah with more than 800 homes already handed over, Al Zahia sets a benchmark for residential communities by providing an unrivalled lifestyle in stunning homes with state-of-the-art amenities and facilities. In a recent research report, leading Middle East real estate services provider Savills described Al Zahia as a unique and very popular high-end gated community in emerging Sharjah.
Waleed Al Sayegh, Chairman of Sharjah Holding, stated, “An investment in Al Zahia is an investment in a prosperous future and the growth of the UAE’s fastest growing economy. The high demand for the emirate’s advanced infrastructure, legislation, economic stability and geographic location was reflected in real estate transactions valued at more than AED 18.9 billion from January to October 2019. Sharjah Holding is committed to a long-term vision for Sharjah’s growth.”
Recently, Al Zahia launched Orchid, a neighbourhood featuring a limited number of exclusive residential plots for bespoke signature homes and Sharjah’s largest private park, with all the benefits of a direct connection to the many leisure, entertainment and dining options at City Centre Al Zahia.
A vibrant community with premium facilities and amenities, Al Zahia hosts events and activities to foster engagement and promote a sense of belonging. The one million square metre development includes green open spaces, lush landscaping and six themed parks, and prospective homeowners can visit the Show Village – the first in the region – to get a sense of the Al Zahia experience.
Upon completion in 2023, Al Zahia will be home to more than 12,000 residents in villas, townhouses and apartments with leisure facilities and prime retail offerings. A pedestrian bridge in the community will provide a direct connection to the Dh2.6 billion City Centre Al Zahia – a super-regional mall set to open in 2020 that will position Al Zahia as the emirate’s main attraction for the greater Sharjah population.

Disclaimer: All facts and figures in this release are accurate at the time of issuance.

About Al Zahia

Al Zahia – owned by Sharjah Holding and managed by Majid Al Futtaim Properties – is a milestone development that will help diversify the real estate sector of the Emirate of Sharjah. Sharjah’s premier lifestyle destination – rooted in the emirate’s values of family, community and culture – Al Zahia is on par with the high-quality, international building standards for which its developer, Majid Al Futtaim Properties, is known.

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About Sharjah Holding JSC

Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, is a community-focused real estate developer. Sharjah Holding’s current focus is on the development and management of retail and mixed-use projects in the Emirate of Sharjah. These include Matajer, a neighbourhood shopping centre concept, and Al Zahia, Sharjah’s premier lifestyle destination.

Note to the Editor: The legal name of this company is “Majid Al Futtaim” and should not be shortened or replaced by an acronym to avoid confusion with another business entity.

Disclaimer: All facts and figures in this release are accurate at the time of issuance.

About Majid Al Futtaim

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.

Majid Al Futtaim owns and operates 25 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa and Asia, and operates a portfolio of more than 270 outlets in 15 countries.

Majid Al Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet family entertainment centres across the region. In addition to iconic leisure and entertainment facilities such as Ski Dubai, Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.

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