Arada

Arada awards two major contracts totalling USD 125mn to build the first residential district at Masaar

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10/05/2022 Arada has awarded two major contracts together totalling AED460 million (USD 125mn) to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in a woodland and nature-inspired master plan. Valued at AED228 million (USD 62mn), the contract to build […]

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Sharjah’s Arada awards Dhs322m construction contract to Kuwaiti contractor

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Date: 02/02/2022 The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons. Sharjah developer Arada has awarded a Dhs322m contract to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons (Al-Kharafi) to build eight premium apartment buildings in Aljada. The eight Tiraz building […]

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Developer Arada secures financing to support construction of Sharjah mega project

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Date: 31/01/2022 Ajman Bank has signed a financing agreement with developer Arada that will provide AED152 million ($41.3 million) to finance the construction of two key projects within its Aljada mixed-use community, Sharjah’s largest ever mega-project. The arrangement has resulted in the provision of AED37 million in financing for a villa complex within the Aljada […]

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Sharjah developer Arada expands into Dubai after buying $65m plot on The Palm Jumeirah

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Dec 19/01/2022 Sharjah-based property developer Arada has purchased the last beachfront plot on the crescent of The Palm Jumeirah for Dh240 million ($65m) and plans to expand into the Dubai property market. The company plans to build a mixed-use project on the 20,500-square-metre plot bought from The Palm Jumeirah’s master developer Nakheel, the company said […]

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Arada achieves one billion and 100 AED of resi. units in Aljada

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Date: Nov 11, 2021 At Cityscape Global, Arada, real estate development company, announced four new projects in Aljada. The projects are “The Gate”, located near the entrance of Aljada, “Vida Residence Aljada”, “The Boulevard 3”, and “Sokoon 4”. In exclusive statements to “Sharjah 24” Hisham Saeed Al Khattab, Director of Government Relations Department at Arada, […]

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Arada to unveil top Sharjah real estate offerings at Cityscape

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Date: Nov 7,2021 Arada, the UAE’s fastest-growing developer, will be showcasing Sharjah’s key real estate offerings at the upcoming Cityscape Global expo. Arada’s stand will exhibit the extensive range of properties in its two mega developments, Masaar and Aljada. Featuring several exciting new communities within Aljada, the AED24-billion ($6.5 billion) mixed-use community in New Sharjah, […]

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