Trade Arabia: Arada sells record 652 homes at Cityscape Global expo

HRH Prince Khaled bin Alwaleed presents Aljada's Central Hub at Cityscape Dubai to HH Sheikh Hamdan bin Mohammed

Arada, the UAE’s newest developer, has announced that it sold a record 652 homes worth Dh545 million ($148 million) during the three-day Cityscape Global real estate exhibition held in Dubai recently, thus registering a 42 per cent increase on the company’s performance last year, when it launched its largest project, Aljada. These healthy results are further evidence of the strength of the property market in Sharjah, UAE, which saw a 20 per cent rise in transactions in 2017 over the year before, thanks in large part to recent changes in real estate ownership legislation and the steady growth in the local economy, said a statement from Arada. The developer is presently building two lifestyle communities in Sharjah.

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Trade Arabia features ARADA’s sales at Cityscape 2018 in Dubai