In implementation of the directives of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the Sharjah Directorate of Town Planning and Survey (SDTPS) announced new names and administrative divisions for a number of areas in Al Suyoh and Al Rahmaniya suburbs.

According to the new amendments, the names of the areas of (Al Suyoh from 1 to 8) were changed to become (Al Rugaiba from 1 to Al Rugaiba 8), and the names of the areas (Al-Suyoh 9 to Al-Suyoh 16) were changed to areas (Al Mwarada 1 to Al Mwarada 8), also “Shagarafa” park into 4 areas from (Shagrafa 1 to Shagrafa 4), instead of Al Rahmaniya 1 to Al Rahmaniya 4), and the areas surrounding Kshisha Park were divided into areas (from Kshisha 1 to Kshisha 6) instead of Al Rahmaniya 5 to Al Rahmaniya 10). For “Sha`abiyat Al Saja`a” to “Sha`biyat Al Dafin”, and keeping the name of Mezaira’a unchanged.

The country’s response to coronavirus is a key reason for the result, a new study indicates the UAE has emerged as the 13th most preferred destination where foreign nationals would like to work, up from the 19th spot in 2018, with the country’s response to coronavirus cited as a key reason for its enhanced attractiveness.

In the same survey of approximately 209,000 people in 190 countries by Boston Consulting Group (BCG) and Bayt.com, Dubai ranked third in the city rankings, up from sixth in 2018. Abu Dhabi ranked fifth, sustaining last year’s position.

“The UAE’s status as being less impacted by the pandemic than other countries is a key factor behind its heightened appeal on the world stage, with several notable cities now considered much less appealing compared to two years ago,” said Christopher Daniel, managing director and partner, BCG Middle East.

“Dubai and Abu Dhabi are among the latest success stories in the global city ranking, solidifying their improved positions on the back of the UAE proving to be a regional haven in a year of crisis,” he added.

For Dubai specifically, respondents cited renewed Expo 2021 potential and the swift restart and support of the private sector during recent times as particular attraction points, according to Decoding Global Talent, Onsite and Virtual joint report by BCG and Bayt.com, elaborating on the study’s findings.

Abu Dhabi’s ranking has been attributed to the government’s commitment to overhaul its processes, the proximity of people to leadership, high government investment, and a new economic development strategy.

Broadly reflecting the composition of UAE’s population, 90 percent of the country’s survey participants were expats with an average age of 38.

“Given that the national workforce is heavily comprised of foreign workers, the country attracts a highly mobile workforce and 94 percent of UAE workers were also willing to work abroad in 2020 compared to 50 percent globally,” explained Daniel.

While there is now less willingness to move to a foreign country globally, respondents demonstrated a high level of enthusiasm to stay home while working for a foreign employer, with 57 percent of global respondents and 50 percent of Emirati nationals indicated they wouldn’t be willing to move for work.

“The job market has witnessed many changes over the past few months. The Covid-19 pandemic has placed companies in every industry under pressure to make the transition to virtual workplaces. As such, the vast majority of professionals and businesses have adopted remote working, enabling them to remain competitive and ensure continuity,” said Ola Haddad, director of Human Resources at Bayt.com.

“Restrictive immigration policies have already weakened the mobility trend,” said Rainer Strack, BCG senior partner and one of the authors of the study.

“Covid-19 is a new variable that is making people cautious about considering international relocation. With the rise of remote working, many may feel that they can further their careers virtually, without needing to move at all,” he continued.

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His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council of the Emirate of Sharjah, and in the presence of His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council, yesterday morning at the Ruler’s Office, the meeting of the Executive Council of the Emirate.
The council discussed the Real Estate Registration Department’s proposals on developing the services provided in the department, as part of its relentless endeavor to provide an appropriate and incubating environment for real estate investment.
He viewed the memorandum submitted by the Sharjah Police General Command regarding the development of police work and the improvement of the security services provided. The Council reviewed the agenda of the eleventh session of the second ordinary session of the tenth legislative session of the Sharjah Consultative Council, which will be held tomorrow, Thursday, February 18, in which it will discuss the policy of the Department of Economic Development.
The council listened to the recommendations of the advisory council on discussing the policy of the Sharjah Radio and Television Authority, and the recommendations of the Council regarding the policy of the Roads and Transport Authority, with the aim of promoting government work in local departments and institutions, and achieving the comprehensive development adopted by the emirate.
During the session, a number of issues related to the public affairs of the emirate were also discussed, and the council took appropriate decisions on them.

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His Excellency Khalifa Al Shaibani, Director General of Tilal Properties, affirmed that the “Hope Probe” has successfully reached the Red Planet which marks a new era for humanity where hope, knowledge and new discoveries will serve the world. It is an era that will become a source of inspiration for the UAE and the Arab world, where new inventions and scientific discoveries will become the norm

His Excellency’s also shared his thanks, appreciation and gratitude to the wise leadership and intelligent personnel who closely followed and monitored the the path of Probe Al-Amal and provided it with all forms of support in order to successfully complete its journey. His Excellency identifies that complete success was the sole goal and thoughts of failure never corrupted their focus on their mission.

Moreover, His Excellency Al-Shaibani stated that “The arrival of the “Hope Probe” to Mars is considered one of the biggest achievements, recorded in proud letters on our history books, for our leadership and our people, in addition to the many series of achievements made by the UAE and its important position among the ranks of the major countries in the world”.

The UAE has been ranked first in the in the region, and fourth globally in the Global Entrepreneurship Index (GEI) 2020 by the Global Entrepreneurship Monitor (GEM – NECI), climbing up from its fifth ranking in the 2019 report. The country has outperformed many of the major global economies such as the United States, Canada, the United Kingdom, Australia, European Union countries, China, Japan and South Korea in the overall rankings of the index.

The UAE achieved advanced rankings in many of the sub-indicators included in the general index structure in its 2020 version. Most notably, the country ranked second in the National Governments’ Response to the COVID-19 lockdown and its impact on the entrepreneurial sector.

The UAE also ranked high on the General Physical Infrastructure and Services indicator access with 7.3 points out of 10, outperforming United Kingdom, the United States, Spain, Austria and Germany. The country also achieved the same score on the Cultural, Social Norms and Society Support.

Furthermore, the country also ranked high in the sub indicator R&D Level of Transference, along with the Kingdom of Norway and Italy, ahead of Germany, the United States, the United Kingdom, Sweden, South Korea.

Abdulla Bin Touq Al Marri, UAE Minister of Economy, said that the achievement is a matter of great pride, which confirms the soundness of the approach and the strength of the economic policies pursued by the UAE, with the support and guidance of its wise leadership. The UAE’s fourth ranking globally in the Global Entrepreneurship Index indicates the success of national efforts made over the past decade to develop the country’s entrepreneurship sector and highlight the projects model of SMEs as a main driver of economic diversification and sustainability and raise its competitiveness at the global level.

Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs said that the country’s excellent global ranking in GEI reflects the success of its efforts and ambitious aspirations that stem from the insightful vision of its wise leadership. This indeed is a valuable addition to the country’s record of outstanding economic achievements. These efforts will continue in cooperation with the Ministry’s partners inside and outside the country to make Emirati entrepreneurs the best and most successful in the world in the coming years, he said.

GEI is one of the indicators of the UAE Vision 2021 national agenda, under the axis of ‘Competitive Knowledge Economy,’ supervised by the Ministry of Economy, with the contribution of a national team and with the participation of many stakeholders in the country. These include the Prime Minister’s Office; the Statistics and Federal Competitiveness and Statistics Cntre; the Khalifa Fund for Enterprise Development; Dubai SME; and the departments of economic development.

The report is the largest study on entrepreneurship and its activities in the world and includes a summary of the research that the Observatory conducts on global economies to evaluate the state of entrepreneurship in various countries. The report’s methodology focuses on achieving three main objectives: measuring differences in entrepreneurial activity across world economies and understanding the ecosystem of entrepreneurship; discovering the factors affecting it; and proposing policies that can help enhance the level of entrepreneurial activity in the participating countries.

The index evaluates participating countries on many sub-indicators within a flexible structure that includes aspects such as finance, government policies, and government programs for entrepreneurs, research and development and knowledge transfer, teaching entrepreneurship skills in school and university education, labor market dynamics, and supportive infrastructure and the culture and societal outlook in support of entrepreneurship, among others.

Source:

https://sharjah24.ae/en/articles/2021/02/05/UAE-ranks-first-regionally-and-fourth-GEI-Index-2020

Khalifa Al Shaibani: The real estate sector in the Emirate of Sharjah is returning to the path of growth and recovery

His Excellency Khalifa Al Shaibani, Director-General, Tilal Properties, affirmed that the real estate sector in the Emirate of Sharjah is gradually returning to the path of growth and recovery. The package of government incentives provided exemptions and massive reductions across various services and facilities, supporting the growth and stability of the economy. This move further encouraged developers to continue working on their existing projects and complete it in their estimated time.

According to a survey conducted by Tilal Properties in cooperation with Omnes Media, 40 per cent of the public still believe that investing in the real estate sector is safe despite the current circumstances, whereas five per cent believe that investing in real estate is a safe option in terms of protecting investment. A remarkable 44 per cent of those surveyed said that the developer’s reputation is the most important factor affecting their decision to buy a property.

Al Shaibani revealed that they expect the market to improve significantly post the COVID-19 period, as the Emirate is known for providing investment security, economic stability along with zero risk factors. Tilal Properties in particular, is diligently working towards completing several of its projects. Currently, the Naseem villas and residential complexes built in Tilal City is nearing 90 per cent completion and will boast of several state-of-the-art services and facilities, emulating the highest standards of quality. The project is scheduled to be open to the public towards the end of this year.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

Khalifa Al Shaibani: The real estate sector in the Emirate of Sharjah is returning to the path of growth and recovery

His Excellency Khalifa Al Shaibani, Director-General, Tilal Properties, affirmed that the real estate sector in the Emirate of Sharjah is gradually returning to the path of growth and recovery. The package of government incentives provided exemptions and massive reductions across various services and facilities, supporting the growth and stability of the economy. This move further encouraged developers to continue working on their existing projects and complete it in their estimated time.

According to a survey conducted by Tilal Properties in cooperation with Omnes Media, 40 per cent of the public still believe that investing in the real estate sector is safe despite the current circumstances, whereas five per cent believe that investing in real estate is a safe option in terms of protecting investment. A remarkable 44 per cent of those surveyed said that the developer’s reputation is the most important factor affecting their decision to buy a property.

Al Shaibani revealed that they expect the market to improve significantly post the COVID-19 period, as the Emirate is known for providing investment security, economic stability along with zero risk factors. Tilal Properties in particular, is diligently working towards completing several of its projects. Currently, the Naseem villas and residential complexes built in Tilal City is nearing 90 per cent completion and will boast of several state-of-the-art services and facilities, emulating the highest standards of quality. The project is scheduled to be open to the public towards the end of this year.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

Khalifa Al Shaibani, Director-General, Tilal Properties, confirmed in statements that the real estate sector in Sharjah is witnessing a remarkable recovery, highlighting the strength and durability of the emirate’s economy. Real estate is a true measure of any macro-economy, and Sharjah has been the first choice for a lot of real estate investors and buyers, especially as properties boast of attractive prices and several other lucrative offers.

He said that currently approximately AED 60 billion worth projects are under construction, making Sharjah an ideal destination for investors and traders wishing to enter the real estate field and take advantage of the rewarding investment opportunities provided by the emirate. Besides providing attractive investment opportunities, Sharjah has constantly contributed towards the nation’s economic growth and enjoys the reputation of providing some robust infrastructure facilities that emulate highest standards of safety and economic stability.

The Emirate enjoys a diverse economy across many sectors, including, gas, tourism, education, healthcare and logistics services. Besides, its strategic location and strong infrastructure have contributed to strengthening its investment position in the UAE and abroad. Sharjah is also distinguished by a vast and rich history, with culturally and educationally symbolic edifices located throughout the emirate, including museums and traditional markets. The Emirate is also home to several luxurious urban developments located on its coasts and lakes, offering breathtaking panoramic views to its residents. Some of these include the Al Mamzar neighbourhood, Al Khan and Khalid Lake located in the city centre.

Al-Shaibani further stated that, despite the current circumstances caused by the outbreak of COVID-19, work across several large real estate projects and modern high-rise towers continue in full swing. The real estate market has recorded a strong recovery in the post- COVID-19 period, resuming several of its big projects, including launching of one of its finest skyscraper. The goal is to transform the Emirate into a unique residential and tourist hub, which boasts of attractions for individuals across all age groups.

Whilst the COVID-19 pandemic has left the real estate landscape in an uncertain state of precedence, with challenges comes new opportunities. Sharjah has established itself as a tourism and business hub over the last few years and is quickly becoming a destination for businesses and individuals looking to invest in real estate. Experts in the industry are preparing for a post-COVID real estate boom, due to contributing factors such as economic stability, low risk factors for investors, and investment security. Investors will be seeking to capitalise on the low interest rates and lower deposits. The next few years in UAE real estate is shaping up to be a buyer’s market, and property companies who capitalise on this will reap the rewards.

Sharjah, the culture capital of the UAE, is widely recognised for its history and heritage, and offers a rich diversity of nature and history, fused with a modern landscape. Sharjah’s bid to become a leading nature-inspired destination for international tourists and UAE residents is supported by a number of new projects emerging in the emirate, including an ecotourism resort, and a family-friendly safari park retreat.

As well as its growing tourism, the real estate market in Sharjah is healthy, competitive, and- crucially- stable. Due to the flourishing development projects and steady rise in real estate units, developers have seen the need to become more innovative in their offerings. The system of legislation is also a contributing factor to Sharjah’s investment appeal, creating a safe environment for real estate investors. Sharjah will continue to grow and expand its economy, promoting itself to the rest of the world as an ideal destination for tourism, investment, and business. International interest is already strong and will likely grow and strengthen over the next few years, as businesses and stakeholders realise it is a smart idea to invest in Sharjah.

Tilal Properties. Like many developers, Tilal has been affected by the pandemic, although the impact has been much less than other development companies due to the nature of their projects, such as ‘Tilal City’. Tilal City, known as New Sharjah, is a community development that spreads over 25 million square feet, with 1447 land plots and 48% of the land allocated to parks and education & community facilities. Community facilities include a number of mosques, schools and nurseries, community centres and parks, and Tilal Mall, one of the biggest malls in Sharjah. Tilal Properties is offering investors and owners the opportunity to take full control over their properties within the city, minimising the usual risks that come with off-plan development.

Offering support and incentives such as free of charge real estate consulting services at the hands of property experts, Tilal Properties is tapping into the buyer’s market and offering stakeholders opportunities to see positive returns on their investments. And with it being a semi-government company, security for customers is ensured. The company’s vision is to stimulate an exciting future for Sharjah’s community- residents, businesses, and investors, while supporting the emirate’s economic goals.

The infrastructure of Tilal City is now complete, and landowners can start construction with immediate effect. They are able to enjoy total freedom over the development, including the entire development and build of the interior. Investors can divide up the building process depending on their financial status with the option of cash flow control, and additionally may sell the buildings as and when they decide, working solely to their own timeline. As they (the investors) have total ownership and control over the development, there is little to no risk of delays due to external factors.

Managed by Tilal Properties, a joint venture between the government’s investment arm, Sharjah Asset Management, and Eskan Real Estate Development, Tilal City is made up of eight zones; Shams, Areej, Naseem Residence, Naseem Villas, Almass Villas, Almass Residence, Morooj South, and Morooj North. Community facilities across the City will feature a number of mosques, schools and nurseries, community centres and parks, and Tilal Mall, one of the biggest malls in Sharjah.

Property owners already see a big demand in Tilal City and enjoy the benefits that the project provides. Tilal City represents an enviable connection point linking between Dubai and the Northern Emirates, located just kilometers away from Sharjah International Airport, Sharjah Grand Mosque, and the border of Dubai.