UAE’s The Sheikh Zayed Housing Programme (SZHP) signed a contract with two national developers, to begin the first phase of a project in the Al Sayouh 16 Residential Complex, Sharjah.
As part of the first phase, a total of 336 residences will be constructed.
The contract was signed by Eng. Jameela Al Fandi, Director-General of the SZHP, with representatives of both developers.
Dr. Eng. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the SZHP attended the signing ceremony.
The first developer will construct 206 residential units in Block B of the complex. The value of the contract is AED230.9 million
The second developer will build 130 residential units in Block D. The value of the contract is AED134.5 million.
The project is expected to be completed in the fourth quarter of 2021.
Dr. Al Nuaimi said the contract is part of the government’s efforts to achieve housing stability, through constructing sustainable residential complexes while pointing out that the project will witness the construction of a total of 818 residential units over several stages to ensure quality, in line with the joint strategy of relevant federal and local government authorities to build integrated residential complexes that provide security, safety, health and education, and are close to services centres.
The project is located in Al Sayouh 16 near major roads and along the vital roads leading to Khor Fakkan and Maleha while noting that it is situated on a 1,289 million square metre site, with each unit averaging 960-square metres in area.
As per the ministry, invitation to bid for its second phase to construct 482 residential units has been announced.
“The project will reduce the carbon footprint of every residence by 21 percent, as well as water consumption by 33 percent, and electricity by 10 percent,” statement said.
