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Article: United Arab Emirates: Hydra s middle-income Sharjah project sees strong take-up.
- Article from:
- TendersInfo
- Article date:
- December 17, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
Hydra Properties has launched a middle-income, low-rise community development for Sharjah following its debut community project in Abu Dhabi.The new Hydra Village Sharjah project has already received more than 4,000 deposit payments since bookings opened in April out of a total 4,700 units available, despite the recent decline in the property market.Sulaiman al Fahim, the chief executive of Hydra Properties, said middle-income projects would see the greatest demand among home-seekers during the slowdown. We decided to launch a mid-income project because it is Sharjah, and because of the location. The crisis and the launch of a mid-income project ...