Hydra Properties, a UAE-based property developer, said it will develop a new mixed-use project in Sharjah that is expected to have a resident population of 50,000. Hydra Village Sharjah is “poised to become a pioneering development in the emirate, the company said, but did not disclose how much it will spend on the project. The announcement comes at a time when most real estate developers are slowing down on their projects because of tight credit conditions in the market. Hydra said the project will have 66 per cent residential, 14 per cent office, 10.5 per cent retail, and 9.5 per cent hospitality space within it. We are all set to reveal Hydra Village Sharjah at the Acres Middle East Exhibition. Our steadfast vision and spirited commitment encourage us to keep going in building the best and the most innovative properties in the market, Hydra Properties chief executive officer Sulaiman Al Fahim said in a statement. The exhibition will take place from December 15 to 18 at the Expo Centre Sharjah.
