Arada awards $191m contract for its first Dubai project

Arada

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.

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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.