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.
DUBAI: Arada, the UAE developer co-founded by Saudi entrepreneur Prince Khaled bin Alwaleed bin Talal, has unveiled its third megaproject in the emirate of Sharjah: A 19-million-square-foot upscale forested community with 50,000 trees.
Masaar “path” in Arabic will be located in the Al-Juwaiza’a district of New Sharjah, and will include 4,000 villas and townhouses set in eight gated districts, with a total sale value of 8 billion UAE dirhams ($2.18 billion).
Construction will begin in the second quarter of this year, and the first homes will be handed over in the first quarter of 2023.
The main selling point of the project is its environmental credentials, with over 50,000 trees set to create a green spine, and a 5-km looped and continuous two-lane cycling track around the development.
Arada, a leading property developer in the UAE, has announced the launch of Manbat, a new farmers’ market at Aljada, its landmark mixed-use project in New Sharjah, in partnership with the Ministry of Climate Change and Environment.