Developer ARADA sells out apartment block Areej 5 in a single day, as demand from investors heats up
Aljada, Sharjah’s largest mixed-use project, has broken the record for the number of homes sold by a developer in the Emirate on a single day. The milestone came after developer ARADA released Areej 5, an apartment block featuring 115 units in Aljada’s Phase 1, to the market on Thursday 9 November. All 115 units, which included studios and one-bedroom apartments, sold out on the same day, beating the 102 units sold on Aljada’s launch day.
HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of ARADA, said: “I’m delighted to see that sales for Aljada are progressing stronger than ever, showing that demand for homes in this wonderful project remains undiminished. It’s clear that investors agree with our vision to provide a lifestyle that is second to none in Sharjah, at a price point that is realistic for all. We look forward to breaking ground on Aljada at the beginning of next year, and repaying the faith that investors have placed in us.”
The record-breaking sales event follows recent updates at Aljada, including the signing of a partnership with Sharjah Electricity and Water Authority (SEWA) to power the 24 million square foot master-planned destination, and an agreement with Red Bull to host an exciting new motorsports event on the site on 15 December.
Aljada, a master-planned destination with a sales value of AED24 billion that is set to transform the future of Sharjah, was unveiled by HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, during an exclusive ceremony in early September. Since that date, and helped by ARADA’s first appearance at the Cityscape Global real estate showpiece, over 600 units in Aljada’s Phase 1 have been snapped up by buyers, making the project Sharjah’s fastest-selling residential community.
In October, ARADA launched the Anber Community, a collection of 84 exceptionally designed villas and townhouses ideally located near the heart of the development. The Anber Community features a selection of stylish and spacious villas and townhouses, all with extensive gardens and direct access to a lush and landscaped private park. Buyers can choose from a wide variety of two, three and four bedroom residences, positioned close to Aljada’s leisure and entertainment destination, the Central Hub.
Aljada is ideally situated on the last major plot of undeveloped land in the heart of Sharjah, with exceptional connectivity to surrounding areas, and is an all-encompassing district that comprises considerable retail, leisure and entertainment options, in addition to a wide range of residential and commercial offerings.
Delivered in phases starting in 2019, construction on Aljada will begin in the first quarter of 2018 and the entire project is expected to be completed by 2025. The Aljada masterplan is carefully designed with walkability and wide green spaces in mind, allowing residents, workers and visitors the ability to live, work, play and be entertained within an all-inclusive and self-sustained precinct.
Buyers interested in purchasing their home in Aljada are invited to attend ARADA’s dedicated sales office in the Badriyah Ballroom in the Radisson Blu Resort Sharjah, between 10am and 7pm between Saturdays and Thursdays, or call 800-ARADA.