02/06/2022: Sharjah property developer Arada raised $350 million by issuing a five-year sukuk or Islamic bond. The dollar-denominated sukuk is listed on the London Stock Exchange, and is the first real estate issuance from the Middle East and North Africa region in 2022, Arada said on Wednesday. The issuance created strong demand from regional and […]
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 […]
Date: 4th April, 2022 The real estate developer, Arada is getting back on Unipole and Hoarding billboards to launch its latest destination of Nasaq at its Aljada City, after presenting its luxurious project Masaar in its most recent OOH campaign. The campaign focused on a single snapshot of Nasaq’s luxurious units with modern and contemporary […]
Date: 30th March, 2022 Arada, TBHF Will Build A Home For A Family In Kenya For Each Home Sold In The Masaar Project During Ramadan The Home for a Home initiative will also cover the cost of implementing a sustainable water supply system that will provide 100,000 litres of water a week to both refugees […]
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 […]
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 […]
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 […]
Date: January 7, 2021 Arada sold 2,488 homes last year, 6 per cent more than the year before Its best-performing project in terms of sales was Masaar, the upscale forested villa community that became the UAE’s first major off-plan launch of last year. In total, the developer sold 559 homes at Masaar with a value […]
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, […]
Date: Nov 09,2021 Construction on The Gate will begin in the first quarter of 2022, with the first homes being handed over by the end of 2023. rada launches The Gate community, a two-building complex that is situated at the main entrance of Aljada. All residences at The Gate include smart home technology as standard, […]