Sama Towers leasing contract awarded to Asteco
Real estate and property services leader Asteco has won the contract to lease and manage Sama Towers, Sharjah’s latest residential complex.
Representing an investment of more than AED110 million, Sama Towers comprises two 15-floor buildings and is located at King Faisal road in Sharjah’s Abu Shagarah district. Apartments are available on a 99-year lease and bookings are now open.
Special introductory prices of AED353,000 for a one-bedroom, AED635,000 for a two-bedroom, and AED895,000 for a three-bedroom apartment have been announced by developer Shamsi & Shamsi Holdings.
“We have seen an increase in demand for premium residential apartments in Sharjah. Although many projects are coming on stream, residents are not satisfied with the quality, ambience, room sizes and facilities provided in new projects,” said John Stevens, Director of Property Management and General Manager Sharjah, Asteco.
“With an overall investment of more than AED110 million, Sama Towers addresses all these concerns. The Tower is designed for those looking to purchase and immediately move into a stylish, comfortable and spacious apartment.”
The towers are ready for possession, and potential buyers are invited to tour completed apartments. Appointments can be made through Asteco’s sales office located in the tower itself from 8am to 8pm.
Stevens added: “We have already seen an encouraging response to the project thanks to its competitive prices. The average cost per square foot is AED370, and there are attractive finance options from Sharjah Islamic Bank.”
Sama Towers offers a total of 180 apartments, 24-hour security, a two-level car park, and retail outlets for the convenience of residents.
Founded in Dubai in 1985, Asteco is the UAE’s largest property services company. Its services include retail, commercial and residential sales and leasing; strategic consultancy; property management and marketing; feasibility studies and valuations; and research and investment.