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Sharjah-based real estate developer Arada awarded a Dh180 million ($49m) contract to Al Ashram Contracting to build a new residential complex at its Aljada master development in the emirate.
Dubai-based contractor Al Ashram will build three residential apartment blocks and other amenities at the Dh24 billion mixed-use development, the company said in a statement on Sunday.
“These . homes in one of the most desirable parts of Aljada have been welcomed by investors and end-users and will be a valuable addition to Sharjah’s property landscape on completion,” Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said.
Arada is a joint venture between KBW Investments – a company controlled by Saudi Arabia’s Prince Khaled bin Alwaleed – and Sharjah-based Basma Group. The company set a target to increase annual sales to Dh3bn by 2025, its chief executive Ahmed Alkhoshaibi told
Arada unveils upscale 4,000-unit residential community in Sharjah
SHARJAH, January 31, 2021 Arada, a leading property developer in Sharjah, has announced the launch of Masaar, the developer’s third project, a mega community in the Al Juwaiza’a district of New Sharjah with a sales value of AED8 billion. The 19 million sq ft upscale project will include 4,000 villas and townhouses in total, all set in eight gated districts linked by Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’, said the statement from Arada. Construction on Masaar will begin in the second quarter, and the first homes are scheduled to be handed over in the first quarter of 2023, it added.
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Sharjah-based real estate developer Arada launched its third project, valued at Dh8 billion ($2.2bn), in Al Juwaiza’a district of New Sharjah.
Construction on the Masaar residential project is scheduled to begin in the second quarter of 2021 with the first homes due to be handed over in the first quarter of 2023, Arada said in a statement on Sunday. The 19 million square foot project will include a total of 4,000 villas and townhouses. Interest in high-quality, well-designed master-planned communities in Sharjah remains strong, and we are confident that the Masaar lifestyle and the impressive list of amenities will resonate with end-users and investors, Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said.
Arada launches Masaar, an AED8 billion forested community in Sharjah Sun 31st January 2021 | 12:30 PM
SHARJAH, (UrduPoint / Pakistan Point News / WAM - 31st Jan, 2021) Sharjah-based real estate developer Arada has announced the launch of Masaar, the developerâs third project, a mega community in the Al Juwaizaâa district of New Sharjah with a sales value of AED8 billion.
The 19 million square foot upscale project will include 4,000 villas and townhouses in total, all set in eight gated districts linked by Masaarâs signature feature, a lushly landscaped and walkable âgreen spineâ. Construction on Masaar will begin in the second quarter, and the first homes are scheduled to be handed over in the first quarter of 2023.