Kuwaiti Developers Seek to Tap Property Boom in Dubai’s Neighbor

  • Kuwait Real Estate, IFA launch $953 million project in Sharjah
  • Sharjah is luring buyers with law allowing foreign ownership

Two prominent developers from Kuwait have unveiled an ambitious plan to launch a massive housing project valued at 3.5 billion dirhams ($953 million) in Sharjah, a city situated to the north of Dubai and currently experiencing significant growth in its property market.

The partnership between IFA Hotels & Resorts Co. and Kuwait Real Estate Co. aims to deliver 1,100 residential units spread across a sprawling 6 million square feet of land, strategically located near Sharjah’s border with Dubai.

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