New waterfront city development for Sharjah
A new mega waterfront city that will be able to house 200,000 residents upon completion has been planned in Sharjah, according to its developer, Sharjah Oasis Real Estate.
Spread across 36 km of coastline, the Sharjah Waterfront City project is slated to become the emirate’s largest commercial, residential and tourism development with a total area of 5,574,183 m².
The development will include 10 islands connected by canals and bridges and also feature its own water theme park called Crystal Lagoon, spread across 139,355 m².
The first phase of the development, which will include mixed-use towers and hotels, will reportedly cost Dhs 9.35bn.
Construction will begin in the fourth quarter of 2015 with phase one expected to be completed in the third quarter of 2018.
Further details of the project will be revealed during the Cityscape exhibition in Dubai next month.
Sharjah Oasis Real Estate’s president Hayssam El Masri told reporters that he expects the development to “change the face” of the emirate’s tourism landscape.
The new project also seeks to support Sharjah’s 2021 vision, as part of which the emirate aims to attract 10 million visitors by 2021.