Hydra Properties has launched a middle-income, low-rise community development for Sharjah following its debut community project in Abu Dhabi.

The new Hydra Village Sharjah project has already received more than 4,000 deposit payments since bookings opened in April out of a total 4,700 units available, despite the recent decline in the property market.

Sulaiman al Fahim, the chief executive of Hydra Properties, said middle-income projects would see the greatest demand among home-seekers during the slowdown.

The National