In an exclusive interview with CBNME, ARADA chief Ahmed Alkhoshaibi talks about the developer’s future plans to boost the real estate landscape of Sharjah
According to the recent Sharjah Property Market Snapshot for Spring 2018 by Cluttons, villas in Sharjah have continued to buck the wider trend of retreating rents in the emirate’s residential rental market, recording an increase of 1.7%, while apartment rents in Sharjah registered a steep decline of 13.6% in rents, in the last quarter of 2017. In addition to it, a trend of new developers entering the Sharjah market has added an exciting dimension to the sector. ARADA, being a new developer itself, has built up a formidable presence for themselves in the market with the launch of Aljada, a master-planned destination, covering over 2.2sqkm that is set to become Sharjah’s largest ever mixed-use development project. Delivered in phases starting from 2019, construction on Aljada began in the first quarter of 2018 and the entire project is expected to be completed by 2025.