Arada has announced that it has secured a Dh250 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada megaproject in the heart of New Sharjah. The credit facility is in addition to an initial Dh300 million financing arrangement secured from the bank at the start of this year. The […]
Arada is developing the 2.2km2 and $6.5bn (AED24bn) Aljada megaproject Sharjah among other projects. Arada, a joint venture between KBW Investments and Basma Group, is ramping up its efforts on providing an uplift to Sharjah’s real estate landscape. The developer started the year on a high note, marking the launch of its third project, a […]
Master developer Arada has awarded the first contracts for its Dh8bn, 1.77-million-square-metre Masaar project in Sharjah’s Suyoh district. US engineering consultancy Parsons was awarded a contract to design the infrastructure masterplan, mapping out the roads, water, power and drainage for the project, which will feature 4,000 villas and town houses across eight gated communities. Under […]
Sharjah property developer Arada has awarded a contract worth Dh180 million ($49m) to Al Ashram Contracting for the construction of a new residential complex at its Aljada master development in the emirate. Al Ashram Contracting will build three residential apartment blocks at the developer’s Dh24bn project. Al Ashram, which is based in Dubai, will build […]
Sharjah-based real estate developer Arada has announced the launch of Masaar, the developer’s third project, with a sales value of AED8 billion (USD2.2 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 Masaar’s signature feature, a lushly landscaped and walkable […]
Sharjah-based real estate developer Arada is planning to award more construction contracts within its $6.5bn (AED24bn) Aljada mixed-use community in Muwaileh, before the end of 2020. These contracts will be awarded to build its 3.5ha smart city-style student accommodation complex called Nest, which has a $190.6m (AED700m) sales value; in addition to Phase 3 of the megaproject. In March […]
Arada has announced the latest in a series of construction contracts at Aljada, the AED24 billion mixed-use community in the heart of New Sharjah. The developer awarded the AED102 million contract to build Phase 2 infrastructure works to support a number of different communities within Aljada to Al Marwan General Contracting Company, a well-known Sharjah-based contractor […]
Arada, a leading property developer in Sharjah, has awarded a contract for the construction of the first school within its AED24-billion ($6.5 billion) mega development Aljada, located in the heart of New Sharjah. Scheduled to open in September 2021, Sabis International School – Aljada is a member of the global Sabis Network, which also includes […]
Sharjah-based real estate developer Arada plans to launch a Dh8 billion residential project that will be built in phases, its chief executive said. The new scheme will be the company’s third in the emirate, following a Dh24bn Aljada mixed-use development and a Dh1.3bn Nasma residences scheme. The third development is “a big project and it […]
Arada has announced the launch of a new premium garden villa community at Aljada, the 24 million square foot mixed-use destination in the heart of New Sharjah. Featuring 114 villas and townhouses set in a lushly landscaped and exclusive neighbourhood, homes in Sarab 2 will be available for sale from Monday 10 August onwards. With […]
