Faya Investments, a leading property investment firm, has announced the launch of “Faya Business Tower,” a new project in Al-Majaz, Sharjah, catering to the growing demand for office space in the area. The launch of the project comes at a time when demand for office spaces is on the increase and in tandem with an acute shortage of affordable, high quality office space in the property market, primarily in prime business locations. Sharjah faces soaring demand for office space coupled with skyrocketing prices, fuelled by a wave of new arrivals in the emirate and the relocation of existing companies to the emirate. Extending over 13.123 ft², Faya Business Tower is situated in the Al-Majaz area and consists 26-storeys, housing 1 ground floor, 5 parking levels with 170 parking spaces and 20 for office space. The AED105 million project is slated for completion by the end of 2009. Faya aims to fill the gap in Sharjah's real estate sector with a range of new projects in various sectors, including the real estate sector, with special focus on developing commercial buildings to meet the increasing demand for quality and affordable office space in the emirate. One of the key points distinguishing this project from others is the relatively short period of time in which it is to be completed, with the delivery date set for the end of 2009. Stringent timelines have been set for the project as a measure to combat issues related to handover date __
