Skip to content Skip to Search
Skip navigation

Arada completes over 1,600 new homes in Sharjah megaproject

Hime inspections will shortly begin at the 968 homes

UAE-based developer Arada has completed 1,621 apartments across 14 buildings in East Village, the third residential phase in its AED24 billion Sharjah megaproject Aljada. 

Featuring 2,000 units in total, East Village is targeted at the younger generation and comprises 16 apartment blocks.

Home inspections will shortly begin at the 968 homes in the Riff 1-3 buildings, the Link 1-3 buildings and the Solo 1-2 buildings, which were completed at the end of last year. Thus, the total number of homes finalised at Aljada reached 3,833 in 2022. 

A further 653 homes have just been completed in the Solo 3-4, Link 4-5 and Riff 4-5 buildings, with home inspections due to commence shortly. 

Ahmed Alkhoshaibi, group CEO of Arada, said: “This year will be another transformative one for Aljada, with more sections of the master plan coming to life in the coming months.

“Our goal for 2023 is to complete 2,500 homes at Aljada, as well as the second phase of the Madar family entertainment district, which includes Sharjah’s largest fitness centre. We will also be opening extensive retail and dining spaces in several locations along Aljada’s East Boulevard.”   

The completion of the first homes in East Village comes shortly after Arada announced the completion of all 2,473 fully furnished units in the Nest student housing community in December 2022.

In total, 5,690 homes have now been completed at Aljada, amounting to 20 percent of the master plan. 

Another 3,200 homes are currently under construction at the megaproject. The remaining two buildings at East Village and the three Boulevard buildings will be finished in the coming weeks.

Latest articles

An investor at the Dubai International Financial Market. The share prices of four of the 20 Gulf companies that listed since early 2023 have at least doubled

Stock prices of Gulf companies surge after IPOs

Most Gulf companies that completed initial public offerings (IPOs) recently have seen their market capitalisation soar, with issuers pricing flotations adroitly to bolster investor demand for their stocks after listing. From the start of 2023 there have been 20 Gulf IPOs that raised at least $100 million. Combined, these sold $11.2 billion of shares. As […]

A welder at work in Ras Al Kaimah. The northern emirates will benefit from lower electricity tariffs under a new scheme for local manufacturers in the UAE

UAE to direct additional $6bn to local manufacturers

The UAE is to direct an additional AED23 billion ($6.3 billion) to local manufacturers as it strives to develop its homegrown sectors and diversify its economy away from a reliance on hydrocarbons. Abu Dhabi state oil company Adnoc will expand its local manufacturing procurement programme for critical industrial products by AED20 billion to AED90 billion […]

Workers at a Riyadh construction site. The Tonomus competition aims to find innovation in the sector

Saudi Arabia races to find technologies for futuristic cities

Saudi Arabia is urgently seeking new technologies for its construction and real estate sectors as it races to make good on its pledge to build futuristic multi-billion-dollar cities. Tonomus, a subsidiary of crown prince Mohammed bin Salman’s $500 billion signature Neom development, has joined forces with the Public Investment Fund to launch a competition offering […]

Riyadh Air Comac C919

Riyadh Air not buying from China’s Comac ‘for now’

Riyadh Air, Saudi Arabia’s new national carrier, will not consider China’s Comac for its narrowbody order to be announced later this year. However, the airline said it saw a future in Saudi Arabia for Comac, the Commercial Aircraft Corporation of China, as the Chinese alternative to Boeing and Airbus.  “The narrowbody order is in its […]