CBNME
CITYSCAPE
ARADA
Arada to launch several residential communities within Aljada and will exhibit the recently launched Kaya district at forested megaproject Masaar
A
rada, the UAE’s fastest-growing developer, showcased Sharjah’s key real estate offerings at Cityscape Global, which took place from 9-11 November at Dubai Exhibition Centre at Expo 2020 Dubai. Arada’s stand exhibited the extensive range of properties in its two mega developments, Masaar and Aljada. Featuring several exciting new communities within Aljada, the AED24 billion mixed-use community in New Sharjah, the stand also showcased the recently launched Kaya, the second residential phase of Arada’s forested lifestyle mega community Masaar. So far, Arada has sold nearly 1,600 units at Aljada during the course of 2021, with a total value of almost
16 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2021
AED900 million. Masaar on the other hand has witnessed exceptional demand for its first phase, while the second phase of this nature-inspired community, Kaya, was launched in October. Total sales so far this year at Masaar amount to almost AED1 billion. Ahmed Alkhoshaibi, CEO of Arada, said: “We are looking forward to attending Cityscape once again to showcase a new collection of prime properties at Masaar and Aljada, which both have demonstrated incredible investor interest and have also benefited from the stability of the real estate market that Sharjah enjoys. “Our continuing strong performance is also being driven by the success of our community-centric WWW.CBNME.COM
