Tilal Properties, a leading Sharjah-based real estate developer and the first to develop freehold and leasehold properties in the emirate, is set to showcase its flagship projects at Cityscape Jeddah 2016.

A major real estate event in Saudi Arabia, Cityscape will run from November 2 to 4 at Jeddah Centre for Forums and Events.

At the event, the developer will provide the latest updates, designs and progress of its pioneering project the 25-million-s- ft Tilal City and its latest retail project, Tilal Mall, Sharjah's largest commercial and retail destination.

Khalifa Shaibani, the director of Tilal Properties, said: "Saudi-based real estate investors are constantly looking for the most rewarding opportunities not just domestically, but across the region. Cityscape Jeddah is the perfect platform for us to bring those options to the market and present our exceptional investment prospects."

"Tilal City and Tilal Mall are truly unique projects and on a global scale, a highly attractive and potentially very lucrative proposition," he noted.

Sharjah, he said, enjoys an extremely investment-friendly environment conducive to investors from Saudi and the rest of the GCC countries, that allows them to invest in 100 per cent freehold properties without conditions or restrictions.

"Due to this incentive, aside from other attractions offered by Tilal City and Tilal Mall, such as integrated services, sophisticated infrastructure, quality finishing, the strategic location of the project and its proximity to other emirates, we believe our participation in Saudi Arabia's largest property event will be extremely positive," he added.

Tilal City, the first-of-its-kind mixed-use community in Sharjah, includes residential, commercial, recreational, educational, retail and community facilities, plus 1,855 land plots.

Strategically located on the Emirates Road in Sharjah, the Dh2.4-billion ($653 million) development is 10 minutes away from the Sharjah International Airport, and within convenient commuting distance to nearby emirates, with Dubai being only 2 km away.

Two of the project’s most attractive aspects are the opportunity for non-Arab residents to buy properties on a 100-year leasehold basis for the first time ever, and the option of 100 per cent freehold for GCC nationals and Arab residents who want to buy land and develop properties in the emirate – again, for the first time ever.

Scheduled for construction by the middle of next year with an official opening schedule for 2019, the Dh1-billion ($272 million) Tilal Mall, which was announced at Cityscape Global 2016 in Dubai, will stretch across an area of 2 million sq ft, making it the most expansive mall and upscale commercial hub in the emirate.

It will host a range of retail outlets, including exclusive high-end brands, a multi-screen cinema, family entertainment centres, and a variety of culinary offerings.

The mall will be home to a 65-hectare park and a giant hypermarket that will offer all requirements for residents and visitors to Tilal City, in addition to a medical clinic and pharmacy, it added.-TradeArabia News Service