Sharjah is the third largest emirate (sovereign state) of the United Arab Emirates (the UAE), and the only emirate to have coastline on both the east and west coasts of UAE thanks to its enclaves which border the Gulf of Oman. The majority of the emirates of the UAE are all surprisingly small with Sharjah having an area of just 2600 square kilometres, comprising 16 kilometres of shoreline along the Persian Gulf and extending 80 kilometres into the interior of the country. The emirates of Dubai and Ajman border Sharjah, and with the recent growth of these three emirates the urban areas have expanded to all but meet at the borders.
Sharjah maintains strict decency laws under which unmarried men and women are not allowed to mix, and enforces a conservative dress code for men and women. Sharjah is also the only emirate in the UAE in which the possession, consumption or sale of alcohol is banned.
Some emirates of the UAE have only recently started to allow foreign freehold ownership of property, before 2002 the only option available to foreign nationals was 99-year leasehold agreements. Sharjah has not passed any laws regarding freehold ownership by foreigners and the 99 year lease system is still the only option available to non UAE or GCC (Gulf Cooperation Council) citizens who wish to purchase property in Sharjah.
Sharjah has commenced development of the Nujoom Islands which is to be the biggest tourism, residential and commercial project in Sharjah. The Nujoom Islands project will consist of 10 manmade islands, and three areas of mainland; the development will increase the coastline of Sharjah by 30 kilometres. The development is situated near the town of Hamriya 15 kilometres from Sharjah city. Sharjah also being the name of the major city in the emirate of Sharjah.
The project will be aesthetically pleasing with a ratio of 40% development and 60% landscaped roads, gardens, parks, and beaches. The ten islands will be connected to both the mainland and each other by a series of bridges, and will be separated by a series of water channels. The Nujoom Islands project will house over 40,000 residents and will provide many services and amenities such as schools, banks, mosques, restaurants and clubs. The development will also have several centres spread throughout, including a large commercial centre and nine smaller commercial centres, six centres for light industry and two entertainment centres.
Residential and tourist accommodation for the project will consist of four hotels, two resorts, 145 apartment buildings, 40 high rise towers (for commercial and residential uses) and 1,400 villas set in either park side or waterside locations. The Completion date for the Nujoom Islands is 2010.
Developers have also built and are constructing several towers in Sharjah City including the ABBCO tower, Sharjah Gate, and two towers being developed by Tiger Real Estate, the Al Sandos tower and the Al Taawun Tower. The Tiger Real Estate Towers are being sold on a 99 year leasehold basis with an option to transfer to freehold ownership when, or if, the law permits.
So where in the world is the best place to invest in a holiday and or investment property today? Some people say that it is the magnificent Philippines islands.
Being an archipelago, the Philippine islands have a lot to offer in terms of natural resources. Its 7,100 islands boast numerous white and black sand beaches, making it eminently attractive to vacationers and tourists. The fantastic marine biodiversity affords abundant species of flora and fauna and a range of tropical wildlife.
The Philippines is widely recognised as "the Pearl of the Orient Seas" and is situated 750 miles off main land Asia where many of the main islands have beautiful weather, pristine beaches and frills of modern living.
The Philippines is not only the "Pearl of the Orient Seas" in terms of a popular global tourism destination but this archipelago has also emerged as a serious holiday home and investment location within Asia attracting many investors from America , Asia, Europe and the Middle East who are investing in Philippines property and property values have been steadily increasing year on year.
"The Philippine real estate market has experienced a nominal year-on-year growth of 10 per cent for the last five years, despite recent events affecting the global property market" said. Tuano, who is also the chairman of the Philippine Business Council, Abu Dhabi, spoke to Khaleej Times ahead of next weekend's Philippine Property Show, which is being held for the first time in Abu Dhabi.
Philippine Real Estate Market Buoyant Despite Global Crisis
Olivia Olarte 25 September 2009
One of the fasting moving emerging destinations in the Philippines is Palawan which has the "best beaches overall in Asia" according to Conde M2K Golden Villas Nast Traveller and National Geographic
Banyan Tree the well known a high end luxury resort company have committed over $70m on two islands in Palawan, meaning the region will gain further exposure and interest from visitors and property investors alike.
One very notable new beyond eco resort development in Palawan is Cacao Pearl.
A fantastic private island resort which will be home to a selection of custom designed and totally unique villas, beachfront or hidden within the rainforest, all the residence will provide an opportunity of Private Island living without the large cost.
Cacao Resorts has been recognised at the CNBC International Property Awards with an award for Best Residential Development in Country for the Cacao Pearl, private island adventure in Palawan.
The private Island lifestyle offers something totally unique that's impossible to replicate and unaffordable to most. A completely unique experience, nothing quite compares with the feeling of being somewhere tropical with just a select number of fortunate people, all enjoying an exclusive lifetime experience.
It is this forward thinking and way of life of the tropical island experiences that is attracting a growing number of people and property investors to the Philippines and in our opinion, if you are looking for a tropical climate, adventure and luxury as well as excellent financial returns in terms of rental income and capital growth then yes, the Philippines is the best place to buy property on the planet today.