Nearly 900 homes at Sharjah megaproject finished so far in 2021
Arada has completed and begun the handover process for 355 new homes in three apartment blocks at its AED24 billion Sharjah megaproject Aljada. The completion of the final three buildings in the seven-building Areej Apartments complex means that the Sharjah developer has now handed over almost 900 units during 2021.
Located in the first residential phase of Aljada, the Areej Apartments buildings contain a range of studio, one-bedroom and two-bedroom apartment buildings with an exceptional range of facilities. Residents moving into the Areej Apartments will benefit from contemporary design and easy access to Madar at Aljada, the popular family entertainment hub that opened in February 2020.
Ahmed Alkhoshaibi, Chief Executive Officer of Arada, said: “We are grateful for the patience and trust of buyers in the Areej Apartments buildings as they prepare to move into their new homes. In this landmark year for Aljada, we are making good progress on our target of handing over 2,000 homes as this ambitious project steadily becomes Sharjah’s most vibrant and progressive community.”
The developer has also recently completed the first phase of Sharjah’s newest school, SABIS® International School – Aljada, which welcomed its first pupils at the end of August in time for the 2021-2022 academic year.
Further handovers scheduled for the coming months at Aljada include the four luxury Misk Apartment blocks and the Sarab garden villa community.
The handover news follows Arada’s first-sales results, which saw the developer post an 85% increase in the value of property sold to AED1.15 billion, boosted by the ongoing strength of the Sharjah real estate market.
Recent independent research released by UAE property search engines Bayut and Dubizzle named Arada community Masaar as Sharjah’s best-performing off-plan project during the first six months of the year, closely followed by Naseej District at Aljada. A third Arada project, Nasma Residences, was named as the most popular community for renting or buying villas during the same period.
Spread over a 24 million square foot area, Aljada is Sharjah’s largest ever project and a transformational destination for the Emirate. Aljada contains numerous residential districts, as well as extensive retail, hospitality, entertainment, sporting, educational, healthcare components and a business park, all set within a green urban master plan.