Basma Group in News
TilalProperties LLC is a partnership firm between Sharjah Asset Management Company, the investment arm of the Government of Sharjah, and Eskan Real Estate Development Company, a member of the Basma Group. Telal Real Estate is one of the leading companies in the field of real estate development and investment in the UAE market, and it is the main developer of residential complexes and freehold projects in the emirate of Sharjah, where it was and still has the lead in launching projects that are the first of their kind in the region. Tilal City is at the forefront of these high-profile projects. Tilal City is the first mixed-use project in Sharjah, providing the city with unique opportunities of land acquisition and construction in the Emirate of Sharjah. Built on an area of 25 million square feet, the project is the first of its kind in Sharjah as it was designed in a way that helps create a harmonious community in which living and working are interwoven for prosperity. The project includes a mix of residential, commercial and recreational facilities. The residential areas feature residential apartments, townhouses, and attached and detached villas, while the commercial areas comprise offices and mixed-use buildings. The total value of the “Tilal City” project, which is located on Emirates Road, is AED 2.4 billion. This first-ever project provides a rare opportunity to acquire and build for the purpose of leasing or selling without any need to come to the emirate to complete the contract, as interested persons can remotely invest from their homelands.