ASAS Real Estate, the property division of Sharjah Islamic Bank, has unveiled a game-changing initiative within its Al Saja’a Industrial Land project in Sharjah. In a move set to boost the emirate’s investment landscape, the company is now offering 100-year leasehold ownership to expatriates of all non-Arab nationalities, while continuing to provide freehold ownership rights to Arab investors.
This progressive policy opens new doors for non-Arab expatriates holding valid UAE residency, granting them long-term investment access to one of Sharjah’s most strategically located industrial developments. The move underlines Sharjah’s growing position as a major industrial and real estate investment destination and highlights the emirate’s drive to provide equal opportunities for all investor groups.
Ahmed Al Amiri, General Manager of ASAS Real Estate, stated, “The launch of the 100-year leasehold feature comes in response to growing demand for Al Saja’a Industrial Land. It provides flexible options for expatriate investors to enter Sharjah’s real estate and industrial sectors. This step further strengthens the project’s role as a key driver of economic and investment growth by attracting new investor segments and supporting the expansion of industrial activities in a rapidly developing area. It complements the existing offering of freehold ownership for Arab investors, enhancing investor diversity and boosting the project’s competitiveness across the region.”
With this initiative, Sharjah aims to attract a broader base of investors, reinforcing its reputation for inclusivity and innovation in property legislation. The leasehold option is poised to encourage foreign capital inflow into the industrial sector, a vital contributor to the emirate’s economy.
Al Amiri added, “This 100-year leasehold feature marks a qualitative leap in supporting real estate diversification and paves the way for expatriate capital to invest in one of the most vital sectors contributing to the local economy. The initiative also reflects the increasing openness of Sharjah’s property legislation and directly enhances the emirate’s status as an attractive investment destination both nationally and regionally, thanks to its secure and stable investment environment, modern infrastructure, and diverse options catering to various needs.”
He further emphasized that the project aligns with ASAS Real Estate’s mission to contribute to Sharjah’s broader economic and property development goals. The Al Saja’a Industrial Land project offers plots ranging from 9,500 to 30,000 square feet, with starting prices from AED 1,045,000 — providing competitive and accessible opportunities for investors seeking to capitalize on Sharjah’s industrial growth.
Al Amiri concluded that the initiative is designed to help investors realize their ambitions within a secure and growth-focused environment, further positioning Sharjah as a hub for industrial innovation and real estate excellence.
