Skip to content Skip to Search
Skip navigation

Arada awards $191m contract for its first Dubai project

Jouri Hills project includes a community centre and park, which will have several retail and F&B outlets

UAE real estate developer Arada has awarded two contracts worth AED700 million ($190 million) to build all 294 upscale houses at its first Dubai project in Jumeirah Golf Estates. 

Jouri Hills covers an area of more than 40 million square feet of Jumeirah Golf Estates, which houses two international golf courses. 

Intermass, a UAE-based contractor that has worked with Arada on its two Sharjah projects, won the main contract valued at AED645 million to build all units at Jouri Hills.

Work will begin immediately and is scheduled to take 21 months to complete, Arada said in a statement.

Another AED54 million contract for landscape and infrastructure was awarded to Proscape, a Dubai-based landscaping company. The contract has a duration of 18 months. 

Ahmed Alkhoshaibi, group CEO of Arada, said: “The demand we have seen for this community sets a strong foundation for the launch in the last quarter of our second Dubai project, Armani Beach Residences at Palm Jumeirah, with a third project scheduled for the beginning of 2024.”

Homes at Jouri Hills consist of three-bedroom townhouses to six-bedroom mansions, the largest spanning over 14,000 square feet.  

The project includes a community centre and park, which will have several retail and F&B outlets, in addition to various sports facilities such as cycling and running tracks, swimming pools and a fitness centre. 

Jumeirah Golf Estates master community houses more than 1,800 luxury homes and features two international championship golf courses, Earth and Fire, and the European Tour Professional Institute golf academy.

Arada in January awarded an AED475 million construction contract for the four buildings in the Vida Aljada hotel complex in its Aljada megaproject in Sharjah.

Latest articles

Iraqi Airways is seeking to expand its international reach. The airline has been working to modernise its fleet and improve its service standards,

Iraq given boost in plan to lift European flight ban

Iraq has moved a step closer to returning its flag carrier to European skies after receiving the support of the International Air Transport Association (IATA). Iraqi Airways was originally banned from Europe in 1991 due to safety concerns. Restrictions were briefly lifted in 2009 but enforced again in 2015 as the airline failed to meet […]

In a concession to the electorate, the legislation before parliament proposes a 25 percent increase in the payment to pensioners on the lowest rate of support

Turkey targets business with steep taxes to raise revenue

Multinational corporations operating in Turkey face a steep increase in their tax bills, thanks to one of the new revenue-raising measures outlined by the government in draft legislation aimed at narrowing the budget deficit. Under the new tax reforms, tabled before the parliament on July 16, multinationals with more than $817.6 million in annual consolidated […]

Saudi growth forecast

IMF lowers Saudi growth forecast over oil output cuts

The International Monetary Fund has lowered its forecast for economic growth in Saudi Arabia by almost an entire percentage point, as cuts in oil production continue to weigh heavily on the kingdom’s economy.  In its World Economic Outlook Update, the IMF reduced its forecast for Saudi GDP growth to 1.7 percent for this year, down […]

People, Person, Groupshot APQ CEO Ebubekir Koyuncu (sitting left) and Aramco acting senior vice president of new business development Mohanad M Alamdar at the signing ceremony

Saudi Aramco bolsters blue hydrogen portfolio 

Saudi Aramco has acquired a 50 percent stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra. No financial details were disclosed. The transaction, subject to standard closing conditions, includes options for the oil giant to offtake hydrogen and nitrogen.  The remaining 50 percent will be owned by APQ, […]