The "Al Ruwaidat" residential and commercial land project in Sharjah is a key modern development launched by Asas Real Estate (the real estate arm of Sharjah Islamic Bank). The project offers an organized investment plan featuring freehold ownership for all nationalities, making it an ideal destination for constructing residential villas or commercial buildings and shops in a high-potential real estate area. Here is a comprehensive guide to the project, covering specifications, pricing, infrastructure, and location: 1. Land Plot Classification and Specifications – Residential Plots: Plot sizes range from 2,700 sq. ft. to over 5,000 sq. ft. (such as plots in the Rawdat Al Qurt and Raw'at Al Sidr sectors). Commercial Plots: Designated for the construction of mixed-use buildings.
Building Height and Construction: Investors are permitted to build structures comprising a ground floor plus two upper floors (G+2), whether for standalone villas or mixed-use residential-commercial buildings. 2. Prices, Payment Plans, and Facilities – Starting Prices: Residential plot prices in the project begin at AED 813,600. Fee Exemption: The initial buyer is fully exempt from all real estate registration fees payable to the Sharjah Real Estate Registration Department. Payment Plan and Installments: A flexible payment plan spanning three years is available, extending to four years for purchases of five or more plots. Application Requirements: Purchases made via installments require the submission of bank cheques (a minimum of 11 cheques per plot) and the personal attendance of the cheque holder, presenting their ID card and passport. Bank Financing: Sharjah Islamic Bank offers special, accessible financing facilities for investors in the project.

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