Sahara Centre has launched the new expansion phase of its Dh5 billion ($1.36 billion) Sahara City project, the largest real estate and commercial project in Sharjah.

Once complete, the Sahara City project, spread across 1 million sq ft of land, will encompass a vast array of residential, commercial, retail and entertainment facilities, says a spokesman for the developer.
As part of the expansion plans, the iconic project will encompass a series of components including two underground parking areas, three levels of retail and five levels of parking topped by four residential towers on the eastern side; a multi-storey underground and above-ground parking, luxury residential tower and a covered pedestrian bridge across Al Nahda Road on the northern side; and two underground multi-storey parking, two floors of retail, four floors of parking and four towers (two residential, one office block, and one serviced apartment) on the western side.
Sahara Centre has also signed a Dh600 million Ijara contract with a consortium of banks for financing the Eastern phase of the expansion project.
“The launch of the Eastern expansion phase of Sahara City and the signing of the Ijara financing agreements are major milestones for Sahara,” says Jean Pierre Nammour, managing director of Sahara Centre.
“The project, part of our strategic growth plan, has been supported by some of the top banks in the UAE banking community and will provide us with the necessary capital resources to continue our expansion plans,” he adds.
The expansion phase, which will boost the gross leasable area by over 60 per cent, is already under way and is expected to be complete in 24 months.