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Kuwait Real Estate and IFA Sign AED198 Million Deal for Al Tay Hills Development

Abu Dhabi: Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has entered into a contract with Darwish Engineering to execute infrastructure works for the Al Tay Hills residential project in Sharjah. The agreement, valued at AED198 million, involves Qaryat Al Nakheel Real Estate, the project's executive arm and a subsidiary of Kuwait Real Estate.

According to Emirates News Agency, the agreement encompasses the design and implementation of essential infrastructure, such as sewage networks, a wastewater treatment plant, two water pumping stations, and networks for roads, stormwater drainage, electricity, telecommunications, and water. Khaled Esbaitah, Chairman of IFA Hotels and Resorts, expressed that the partnership with Darwish Engineering represents a significant milestone in their vision to develop urban projects that elevate standards in the real estate market.

Esbaitah further stated his confidence that this collaboration would enhance the development of Al Tay Hills' infrastructure, boosting its investment appeal and establishing it as a modern urban destination. Meanwhile, Bahaa Al-Nahwi, General Manager of Darwish Engineering, highlighted that the contract reinforces the company's commitment to delivering integrated engineering solutions for urban development in Sharjah.

Spanning over 6 million square feet, Al Tay Hills is one of the largest residential developments in Sharjah, comprising 1,100 residential units, including villas and townhouses. Located strategically on Emirates Road, the project will feature the region's longest green river, extending 2.5 kilometers. The first phase is expected to be delivered in the first quarter of 2028.

Since its launch, the project has garnered strong interest from investors and buyers, underscoring its appeal as one of Sharjah's prominent residential destinations. The demand for luxury units that combine contemporary design with a prime location highlights its market strength and potential to meet the needs of investors seeking an integrated residential community.

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