Al Qasimiya City is a landmark industrial and warehousing project developed by Asas Real Estate – a fully owned subsidiary of Sharjah Islamic Bank (SIB). With SIB being directly owned by the Ruler of Sharjah, this project stands as one of the UAE’s very few freehold industrial zones, open for ownership by all nationalities.
Offering plots of various sizes,Al Qasimiya City allows investors to either develop for personal industrial/warehousing use or lease out for attractive rental returns, with yields averaging 12–15% annually.
Plot Sizes & Market Prices
6,000 – 6,500 sq. ft.
Phase 1 only
Current price: Request for Quote
19,375 – 26,000 sq. ft.
Available in Phase 1 & 2
Current price: Request for Quote
50,000 – 65,000 sq. ft.
Large industrial plots
Current price: Request for Quote
Phases 1 & 2
Launched in Nov 2021 at AED 30–35 per sq. ft.
Fully sold out (now available only via secondary market)
Ready for construction – buyers can immediately start building
Plot sizes: 6,000 sq. ft. – 60,000 sq. ft.
Phases 3 & 4
Currently open for off-plan purchase
Flexible payment plans available
Infrastructure and utilities in progress
- Freehold ownership for all nationalities
- Strategic location in Al Madam, Sharjah with excellent connectivity to Dubai & other Emirates
- Divided into 4 phases (Phases 1–4)
- Fully backed & developed by Asas Real Estate (subsidiary of SIB)
- Potential rental yields of 12–15% per annum
- Plots suitable for heavy industries, storage warehouses, and logistics
- One of UAE’s only freehold industrial zones open to all nationalities
- Backed by Sharjah Islamic Bank & the Ruler of Sharjah
- Ready-to-build plots in sold-out Phases 1 & 2
- High rental yields (12–15% annually)
- Flexible plot sizes to match business needs
- Strategic location for warehousing, logistics, and heavy industries