Within Hours of Its Official Launch

Kuwait Real Estate Company (AQARAT), a leading real estate firm listed on the Kuwait Stock Exchange, in partnership with IFA Hotels & Resorts, announced the sell-out of the first phase comprising 375 villas and townhouses of the Al Tay Hills project in Sharjah. Scheduled for completion in the first quarter of 2028, this development highlights the company’s commitment to delivering high-quality projects that bolster its position in the real estate market.

The announcement was made during an official launch ceremony held on Thursday, January 17, 2025, at the InterContinental Dubai Festival City Hotel. The event was attended by Talal Al-Bahar, Vice Chairman and CEO of Kuwait Real Estate Company; Khaled Esbaitah, Chairman of IFA Hotels & Resorts; and a host of notable figures, media representatives, social media personalities, and local real estate brokerage firms.

Commenting on the achievement, Al-Bahar said, “We are proud to reveal that the first phase completely sold out during the launch ceremony. The strong response to Al Tay Hills underscores the growing demand for residential units and reaffirms the resilience of the UAE’s real estate market. It also demonstrates Sharjah’s rising appeal as a prime destination for investors, thanks to its attractive environment and favorable investment incentives.”