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Compensation For Heart of Sharjah Project

In every city, there is a place that sets its heartbeat and defines the pulse of the city, reflecting its history, echoing its ethos and mirroring its spirit. That’s what Heart of Sharjah is. A project interwoven into the very history and fabric of Sharjah.

Heart of Sharjah is the largest historical preservation and restoration project in the region. Planned over a 15 year period, to be completed by 2025, it seeks to revitalize the heritage district as a vibrant cultural destination by unraveling a glorious past – restoring historical buildings, constructing new structures following traditional Sharjah architecture and transforming them into hotels, restaurants, cafes, art galleries and markets, where the current generations and the future generations can experience Sharjah’s cultural and social fabric.

Sharjah Department of Planning and Survey begins compensation payments to individuals affected by phase 1 of construction project.A compensation package has been agreed for residents affected by the construction of the Heart of Sharjah project. A AED250 million ($68 million) compensation package has been agreed for residents affected by the construction of the Heart of Sharjah project.The Sharjah Department of Planning and Survey said it has begun its compensation payments to individuals affected by phase 1 of the project in Al Mareija and Al Shuwaihean.

The move comes following the directives of Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, state news agency WAM reported.

According to Khalid bin Butti, director of Sharjah Directorate of Town Planning and Survey,  the compensation related to 30 properties with a total area of 136,000 square feet which have made way for the project.

Bin Butti added that the total value was determined beyond the market value of the properties, and took into account the cooperation of individuals to carry out project works.

Source:

www.arabianbusiness.com

www.heartofsharjah.ae

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