New homes to go on sale at $6.5bn Sharjah mega project

Developer Arada says to launch 84 homes in Anber community of Aljada project
By Staff writer
Thu 12 Oct 2017 03:14 PM

Arada, the developer behind Sharjah’s largest mixed-use mega project Aljada, is launching the Anber Community, a collection of villas and townhouses following "unprecedented sales".

In total, 84 homes are being released for sale at a special launch event taking place on Saturday at the Radisson Blu Resort in Sharjah.

Aljada, a master-planned destination covering over 2.2 square kilometres, was unveiled by Sharjah ruler Sheikh Dr Sultan bin Muhammad Al Qasimi in September.

Since then more than 500 units in Aljada’s phase 1 have been snapped up by buyers, making the project Sharjah’s fastest-selling residential community, Arada said in a statement.

The Anber Community features two, three and four-bedroom residences, positioned close to Aljada’s leisure and entertainment destination, the Central Hub.

Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: “In just a few short weeks, Aljada has seen exceptional sales, thanks in no small part to the support that the project has received from the highest levels of the Government of Sharjah. We are delighted at the reception Aljada has witnessed from the local community, and look forward to delivering on our promise to create Sharjah’s newest and most exciting destination.”

With a gross real estate value of AED24 billion ($6.5 billion), Aljada will be 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 development includes a residential mix including standalone villas, semi-detached villas, townhouses, and apartments, complemented by generous open spaces and facilities including F&B outlets, schools, healthcare clinics and mosques.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Last Updated: Thu 12 Oct 2017 03:23 PM GST

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.