RUDA Riverfront Sapphire Bay

A Project to Open Fortune Gateway for Pakistan

RUDA Sapphire Bay Zone 3 is an exciting residential and commercial project of the Ravi Urban Development Authority (RUDA) in Lahore, located on the bank of the Ravi River. It focuses on creating a harmonious environment with a strong commitment on ecological principles.

Javedan Corporation, led by Arif Habib, secured the project with a successful bid, offering Rs10.75 billion through a REIT consortium. As part of the agreement, the consortium will allocate 15% of residential and commercial developed sites to the Authority.

Sapphire Bay is aiming to generate 100 billion rupees through 5,000 acres. Of this land, 3,000 acres will serve flood protection, while the remaining 2,000 acres will be designated for construction.

Sapphire Bay Developer:

RUDA approved and granted developing and marketing rights to Javedan Corporation in 2021 (An Arif Habib Consortium). The consortium’s bid includes building a riverfront project on a 2000-acre Ravi block and allocating 15% to RUDA. This arrangement covers both residential and commercial developed plots within the project.

The Rs100 billion Sapphire Bay project adopts a progressive REIT model, like Dolmen, under the name Sapphire Bay Islamic Development REIT. Javedan Corporation has already filed it for listing on the Pakistan Stock Exchange (PSX). You can find the RIET details in the notes of Arif Habib’s Annual General Meeting, accessible on their website.

Javedan Corporation, a key consortium member, is affiliated with the Arif Habib Group of Companies, which is noteworthy. To name a few, the Javedan Consortium includes 15 of Pakistan’s major corporate sector enterprises, including Younas Group, Lucky Cement, Soorti Group, Liberty Group, Fatima Fertiliser Group, Ghani Glass, US Apparel Group, Haier Group, Sapphire Group, and Orient Group. The consortium’s companies have a combined market capitalization of Rs1.5 trillion and employ 1 million people directly.

Arif Habib Javedan holds a majority stake of 51% in the consortium, committing Rs10.75 billion in funding. Additionally, they pledged to allocate 15% of developed residential and 15% of developed commercial buildings to RUDA.

Facilities and Amenities:

The Sapphire Bay project is being developed with an emphasis on sustainability and environmental sensitivity. The project contains several green spaces, parks, and open areas designed to give residents with a comfortable living environment. To mitigate the development’s environmental impact, the project also incorporates energy-efficient buildings, rainwater collecting systems, and garbage disposal facilities.

Sapphire Bay Approach & Accessibility:

Sapphire Bay Zone 3 occupies the eastern bank of the Ravi River, adjacent to the Ring Road, Lahore Sialkot Motorway. The zone covers approximately 790 acres and features a blend of residential and commercial properties. This diverse mix includes flats, mansions, townhouses, and various business sites.

Investment Prospects of Sapphire Bay:

Investing in the Sapphire Bay project is compelling, given its status as one of Lahore’s most innovative real estate projects. It offers numerous reasons to consider it as a lucrative investment opportunity.

• Excellent Location: The Sapphire Bay project is located on the Ravi River’s shoreline, in one of Lahore’s most picturesque and exclusive areas. The project’s proximity to the Lahore Ring Road and Lahore-Sialkot Motorway ensures convenient access to key city areas.
• Strong Government Support & Security: RUDA is a government-backed organization, and its projects are financed by the Punjab government. This gives investors’ confidence in the projects’ dependability and security.
• Experienced Developer: Javedan Corporation is leading the development of the Sapphire Bay project in partnership with RUDA. Javedan is a Karachi-based private company, has a proven history of successful urban development projects.
• Sustainable and Eco-friendly Development: Sapphire Bay project prioritizes sustainability and eco-friendliness, emphasizing natural spaces, water conservation, and renewable energy practices.
• Diverse Property Range: The Sapphire Bay will provide something for everyone, whether you’re searching for a long-term investment or a place to live. Currently, the market offers 7, 15 Marla, and 1 Kanal files, representing an opportune time to invest.

The Sapphire Bay project is a captivating and distinctive real estate venture, offering diverse investment opportunities. The project stands as a prime investment opportunity with its superb location and sustainability focus. It offers substantial appreciation potential for investors.

Sapphire Bay File & Properties Available for Sale:

Direct Deal Realtors, an authorised Sales Partner of RUDA, proudly presents following Sapphire Bay files and properties.

• 7 Marla with Development Charges Paid
• 15 Marla with Development Charges Paid
• 1 Kanal without Development Charges

We provide several services to assist you in navigating the Sapphire Bay project and making sound financial choices. Our experienced real estate experts can offer you expert guidance and assistance in obtaining the best price for your Sapphire Bay files.

For those interested in investing in Lahore’s captivating real estate projects, Direct Deal Realtors is your ideal choice. Feel free to reach out to us today for information on Sapphire Bay files, properties, and business opportunities. We’re here to assist you!

Frequently Asked Questions (FAQs):

Q-1: What is the Sapphire Bay Zone 3 Project of RUDA?

Ans: Sapphire Bay of RUDA Zone 3 is a residential and commercial development project by the Ravi Urban Development Authority (RUDA) located on the banks of the Ravi River in Lahore. Javedan Corporation, led by Arif Habib, secured the project with a successful bid, offering Rs10.75 billion through a REIT consortium.

Q-2: What Types of Properties are Available in Sapphire Bay Zone 3?

Ans: Sapphire Bay offers various property types, including flats, mansions, luxury residences, and commercial sites, but right now 7 Marla, 15 Marla, and 1 Kanal residential files are being traded in the market.

Q-3: Where is the Sapphire Bay Zone 3 located?

Ans: Sapphire Bay Zone 3 is accessible from the eastern bank of the Ravi River, adjacent to the Ring Road and Lahore-Sialkot Motorway, near Kala Khatai Road.

Q-4: Who is the Developer of Sapphire Bay Zone 3?

Ans: Javedan Corporation (an Arif Habib Consortium) is the developer of Sapphire Bay and they have won its development and marketing rights from RUDA through a bid in 2021.

Q-5: How is the Sapphire Bay Project Funded?

Ans: The Rs100 billion Sapphire Bay project adopts a progressive REIT model, like Dolmen REIT, under the name Sapphire Bay Islamic Development REIT. Javedan Corporation has filed it for listing on the Pakistan Stock Exchange (PSX) already.

Q-6: What is a REIT and How it will Help in Sapphire Bay Development?

Ans: A Real Estate Investment Trust (REIT) is a financial instrument that allows investors to invest in income-generating real estate properties. The Sapphire Bay Islamic Development REIT allows investors to pool their funds to invest in the Sapphire Bay project. It offers several benefits, including diversification, professional management, and potential rental income, while also allowing investors to invest in large projects with lower capital.

Q-7: Will REIT Safeguard the Interests of investors in the Sapphire Bay Project?

Ans: The use of a REIT model helps safeguard investor interests by providing transparency, professional management, and regulatory oversight. REITs are subject to PSX regulations that ensure investor protection, and they distribute a significant portion of rental income to investors as dividends, offering a steady income stream.

Q-8: What are the Investment Prospects of Sapphire Bay Zone 3?

Ans: Investing in Sapphire Bay is compelling due to its excellent location, strong government support, experienced developer, sustainable development focus, and diverse property range. It offers substantial appreciation potential for investors in the future.