Hayyan, the largest community park and swimmable crystal lagoon in Sharjah
In the United Arab Emirates, the demand for real estate across the last year has increased, with property market shares continuing to grow, largely due to increased efforts and support from various government initiatives.
Tremendous growth has been witnesses in the UAE, particularly in the creation of fully-fledged communities for families to thrive. UAE’s prolific business environment and excellent infrastructure make it an excellent locale for both singles and families to flourish.
Finding adequate space to accommodate the growing needs of the urban landscape has been a constant battle for large cities, not just in the UAE but around the world. Unlike many parts of Europe where greenfield sites can be problematic due to issues around land ownership and possible contamination, the UAE has historically been able to provide a blank canvas of greenfield sites for mixed-use developments. With more flexibility shown towards urban planning, the UAE has also benefited from the freedom to be innovative with its vision to develop mixed-use developments within a sustainable urban environment. There has been an increased focus on sustainability and driving energy efficiencies through green buildings, reducing energy consumption, and optimizing water usage, all underpinned by a government desire to implement best practices to achieve sustainable, livable cities.
Within the UAE, individual Emirates are moving towards mixed-used communities especially the Sharjah Emirate which under the vision of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has seen an upswing in real estate projects catering to families looking to establish and live a healthy lifestyle.
“Hayyan” The newest natural villa community from Alef, is one of the best examples of a mixed-use community in Sharjah. Owing the largest community park and swimmable crystal lagoon for residents, the development includes 1836 residential buildings comprising luxury villas, townhouses and mansions.
While the future is undetermined for many industries across the globe, mixed-use developments like those in Sharjah and the wider UAE, will guarantee plentiful investment opportunities, leading to economic growth and stability for urban areas. Mixed-use developments are better at adapting to changing social and economic environments due to their multi-functionality and pre-made community. While people benefit from having homes, workplaces and social interactions closer together in mixed-used developments, investors will also reap the rewards of diverse portfolios. Not only are diverse portfolios more resilient to shocks but having the ability to respond to community needs is what secures longevity.