Tilal Properties, Sharjah’s leading real estate developer, received a huge response from local and international visitors for its flagship projects at the 2016 Sharjah Foreign Direct Forum, held recently.

Tilal City, a unique mixed-use community in Sharjah, and Tilal Mall, set to be the UAE emirate's largest shopping centre, were the focus of attention for many of the visitors to Tilal Properties’ stand. Tilal Mall was recently announced during Cityscape Global 2016.

The developer, as Gold Sponsor of the event, highlighted its strategy to draw more foreign investments into the emirate. The promising local real estate sector has been a key source of foreign expenditure into the economy, giving a further boost to its development.

Khalifa Shaibani, director general at Tilal Properties, said: “The FDI Forum’s strategic goals of presenting potential business opportunities and encouraging investments from across the world perfectly corresponds with our own vision of stimulating investments into Sharjah’s economy as well as Tilal’s projects.”

Shaibani added: “The reaction of the visitors to a scale model of Tilal Mall, which we showcased, was a true indicator of the confidence and intent to invest. We expect the second phase of the project to see a huge demand from the public with equally high sales as those achieved in the first phase.”

“Due to various factors, including political and economic stability and a rational legislative system, Sharjah has become a gateway to attract foreign investments to the region. One of the most prominent legal incentives for Sharjah is the property law, endorsed two years ago, that gives expatriates the right to buy residential properties on a 100-year leasehold basis,” he concluded. - TradeArabia News Service