Arada awards $129m contract to build Vida Aljada hotel complex

Arada

UAE real estate developer Arada has awarded an AED475 million ($129.32 million) construction contract for the four buildings in the Vida Aljada hotel complex in its Aljada megaproject in Sharjah.

The contract will see the construction of the 175-room Vida Aljada hotel, as well as 255 branded residences and 149 branded serviced apartments, which will be based in Aljada’s cultural district, the company said in a statement.

The contract to build the four buildings was awarded to Gulf Asia Contracting Company (GAC), a Dubai-based contractor. Work on the Vida Aljada complex will begin immediately and is scheduled to take 30 months.

Owned and developed by Arada and operated by Vida Hotels & Resorts, the Vida Aljada is the first of three Emaar Hospitality properties that will be built at Aljada, which include The Address Aljada and Rove Aljada.

Ahmed Alkhoshaibi, group CEO of Arada, said: “We are confident that Vida Aljada and the further properties we are building in partnership with Emaar Hospitality will set a new benchmark for hospitality in Sharjah, significantly strengthening the tourism sector and adding value to the local economy.”

Set in the heart of the AED24 billion Aljada master community, the Vida Aljada complex forms part of Naseej District, a cultural neighbourhood that houses a museum and makers’ district.

Spread over a 24 million square foot area, Aljada contains numerous residential districts, as well as retail, hospitality, entertainment, sporting, educational, healthcare components.