Kuwait Real Estate and IFA Hotels launch $953mln project in Sharjah

The project spans over 6mln sq ft and includes 1,100 villas and townhouses

Kuwait Real Estate Company (Aqarat), a leading real estate firm listed on the Kuwait Stock Exchange, in collaboration with IFA Hotels and Resorts, has launched the «Al Tay Hills» project in the UAE emirate of Sharjah.

The project, with a total cost of AED3.5 billion ($952.9 million), spans over 6 million sq ft and includes 1,100 villas and townhouses with diverse designs and sizes to meet various client needs.

The units range from three to six bedrooms, each featuring private pools and modern designs that combine luxury and comfort, and will be developed in three phases.

The first phase of the project is scheduled for delivery in the first quarter of 2028, reflecting the company’s commitment to delivering high-quality projects that enhance its position in the real estate market, Aqarat said.

The Al Tay Hills boasts a strategic location in the Al Tay area, near the Sharjah Grand Mosque and directly on Emirates Road, at the main intersection bordering the emirate of Dubai. This location provides easy access to key facilities and landmarks in both Sharjah and Dubai. The project is minutes away from Dubai International Airport, Downtown Dubai, and Sharjah International Airport.

Talal Al-Bahar, Vice Chairman and CEO of Kuwait Real Estate Company, stated: «The UAE’s real estate market is one of the most attractive sectors regionally and globally. Today, we are witnessing Sharjah’s emergence as a preferred destination for investors, thanks to its appealing, safe, and business-friendly investment environment, along with its commitment to enhancing and developing the real estate sector.»