Arada has announced the award of three main construction contracts at its two projects in Sharjah - Aljada and Nasma Residences.
Together the three contracts will involve the construction of almost 800 new homes, all of which are scheduled to be completed by the end of 2019, it said in a statement.
At Aljada, the 24 million square foot megaproject that is set to transform Sharjah, the contract to build three Areej apartment blocks was won by Modern Building Contracting Company (MBCC).
Based within phase 1, these buildings will together include 366 units. Mobilisation is currently taking place onsite, and construction work will begin by the end of the year.
The contract to build the first three Rehan Apartments blocks, also based within phase 1 of Aljada, was won by Intermass Engineering & Contracting Company. Construction on these three buildings, which will include 234 units, is expected to begin this month.
Intermass has also won the main construction contract for phase 3 of Nasma Residences, which consists of 192 villas and townhouses, and is due to start work onsite by the end of 2019.
The same company won the package for phase 1 and split the award for phase 2 with Klampfer Middle East.
Arada said it is also currently preparing to hand over its first homes, as construction nears completion on phase 1 of Nasma Residences. The developer said it is on track to deliver keys to the first set of homeowners by the end of this year.
Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: “We are pleased to be confirming the construction of 800 well-designed and expertly built homes for Sharjah, a market where demand for the types of communities Arada is building remains exceptional. These three new contract awards show the rapid pace of progress at both of our projects.
"In line with our promises to buyers, we are now preparing for the handover of our first homes to buyers at the end of this year.”
Launched in September 2017 by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, Aljada is the Emirate’s largest mixed-use community. Delivered in phases starting in 2019, the entire project is expected to be completed by 2025.
Launched in March 2017, Nasma Residences became Sharjah’s fastest-selling project when its first phase sold out in less than a month. Featuring more than 800 villas and townhouses, as well as a host of amenities including a GEMS international school, Nasma Residences is scheduled to be completed by the end of next year.
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