UAE-based developer Arada begun the handover process for 355 new homes in three apartment blocks at its AED24-billion ($6.5 billion) megaproject Aljada in Sharjah.
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 studios, one- and two-bedroom apartment buildings.
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.
CEO Ahmed Alkhoshaibi says: “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 handover comes following Arada’s first-sales results, which saw the developer post an 85 per cent increase in the value of property sold to AED1.15 billion.
Spread over a 24-million-sq-ft area, Aljada is Sharjah’s largest project and a transformational destination for the emirate. It boasts numerous residential districts, as well as extensive retail, hospitality, entertainment, sporting, educational, healthcare components and a business park, all set within a green urban masterplan.