Kuwait Real Estate, IFA Launch $54M Al Tay Hills Project in Sharjah

Kuwait Real Estate Company (KREC), together with its subsidiary IFA Hotels & Resorts, has signed a $54 million (AED 198 million) agreement with Darwish Engineering Emirates to begin infrastructure work on Al Tay Hills, a new residential community in Sharjah.

Strategically located in the Al Tay district, the project is designed to accommodate growing demand for modern housing and aligns with the emirate’s long-term urban development goals.

Infrastructure and Community Vision

The initial $54 million (AED 198 million) investment will cover comprehensive infrastructure works, including internal road networks, water and sewage systems, power and telecom services. These foundational works will prepare the 1.2 million square meter site for future phases of residential and mixed-use development.

KREC stated:

“This project reflects our commitment to delivering high-quality, sustainable living environments that support family life and community wellbeing.”

Cross-Sector Partnership

Darwish Engineering Emirates brings significant local experience to the build-out, ensuring that core infrastructure is delivered on schedule and to high standards. The partnership with IFA Hotels & Resorts highlights a growing regional trend: blending real estate, hospitality, and infrastructure expertise to create long-term value.

Khaled Esbaitah, Chairman of IFA Hotels and Resorts, said: "Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market."

He added, "We are confident that this collaboration will bring a qualitative leap in the development of Al Tay Hills' infrastructure, enhancing its investment appeal and establishing it as a modern urban destination. We see this partnership as a pivotal step towards achieving our vision of building smart and sustainable residential communities."

Market Outlook and Development Timeline

With construction on infrastructure beginning immediately, the next phase will focus on unveiling home designs, pricing, and investment opportunities later this year. The developers expect significant interest from both end-users and investors due to the project’s central location and attractive offering.

As Sharjah continues to grow into a hub for affordable, high-quality living, Al Tay Hills is poised to become a standout example of smart residential planning backed by strategic Gulf investment.