
Marsa Al Nejoum Real Estate, one of the leading real estate master developers in the GCC region and the prime developer in Sharjah, announced the start of sales for Blue Bay Villa in Humeriyah, Sharjah, UAE, after fulfilling the requirement of the Real Estate Registration Department .
Commenting on the launch, Sheikh Abdulla Al Sakra, Chairman of the Marsa Al Nejoum, said: “We are proud to announce the sales of our unique villas at Blue Bay, it is indeed a milestone achievement and I congratulate everybody that has been part of the project. The name Blue Bay was specifically chosen to reflect the blue sea canal water, and since our first phase are all villas unit".
He added, “We have run a market research study with over 1000 face to face interview along with many focus groups between potential buyers and real estate agencies to determine the current propensity factor to buy real estate, and accordingly we have incorporated the feedback into our designs , marketing collateral and sales strategy."
The first phase of the development brings unique features to customers starting from price affordability, with a 2 bedroom loft villa starting at AED 849,000. "We have a good understanding of customers' payment pattern and came up with a special scheme called ‘Rent to Own’. The scheme is designed to help tenants transit to owners after installmental payments of up to 20 years. Repayments starts at AED 5,000 per month for 2 bedroom loft villas, hence a 12,000 AED monthly income family can afford a 2 bedroom villa,” Shakra said.
The credibility of Marsa Al Nejoum heightens by the fact that the canals are a already constructed and thus will enhance the projects swift completion. The Government guarantees the deposits made with the Land Registration Office and all payments are linked to completion through escrow bank accounts. With these unique features Marsa Al Nejoum has adopted an innovative approach in real estate that focuses not only on the highest standards in construction and design but also assures timely delivery.
This first phase of the Nejoum Islands project is also an entirely natural and eco-friendly project with 95% of the land being natural, the villas are built in an extremely eco-friendly manner, using natural elements, recycling of waste-water and solar technologies. All external street and beach lights as well as water-heaters for the villas being made solar-based with energy-saving lights. This endeavor results in reducing maintenance and lowering electricity bills. Similarly, the recycling of waste-water is also ensured to reduce water bills and conservation of a precious resource. The Blue Bay Community will include eco-friendly villas of three types: detached (3 to 5 bedrooms), attached (3 to 6 bedrooms) and loft villas (2 to 4 bedrooms).
Marsa Al Nejoum emphasizes on exceptional quality and value at the best prices for its customers. "We have relatively lower facility management charges having created a community and family lifestyle atmosphere with and 24 security cameras in addition to recreation clubs , tennis court, kids play grounds, swimming pools, mosque, 2.5 kilometre walk way corniche, schools and super convenient stores" Sheikh added.
With innovative and diverse ventures across the region, Marsa Al Nejoum has positioned itself at a leading role in GCC's real estate industry. At a crucial junction in the world economy, the Nejoum projects reflect a commitment to quality, affordability and credibility.