Onsite mobilisation to take place within coming weeks, with construction to begin by the end of July

Sharjah, United Arab Emirates: ARADA has awarded the first construction contract at its record-breaking mega mixed-use project in Sharjah, Aljada. The UAE’s newest developer handed the main construction award for the first four Areej Apartments blocks, based within Phase 1 of Aljada, to Modern Building Contracting Company LLC (MBCC), a major contractor that has worked on sites throughout the UAE and Saudi Arabia.

Mobilisation will take place onsite in the coming weeks, with full construction set to commence by the end of July. The buildings, which contain the first homes to be built within the 24 million square foot project, are scheduled to be completed by the end of 2019. In total, over 250 units will be built across the four Areej Apartments blocks.

HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of ARADA, said: “This award is an important milestone for Aljada as we move into the development phase of this iconic and transformational project. We’re pleased to be partnering with Modern Building Contracting Company, and look forward to working closely with them to help deliver Aljada’s first homes.”

The contract award is the latest announcement at Aljada, the AED24 billion mixed-use lifestyle destination located on the last large plot of undeveloped land in the heart of Sharjah. In April, ARADA announced the launch of East Village, a 15-building creative community targeting the younger generation, which constitutes Phase 2 of Aljada, while also confirming that enabling work onsite had begun. Also in April, ARADA signed a management agreement with Emaar Hospitality Group to bring three new hotels, Address Aljada Sharjah, Vida Aljada Sharjah and Rove Aljada to the megaproject. 

In March, ARADA announced that Zaha Hadid Architects had won a global competition to design the Central Hub, the focal point of Aljada, and a new leisure and entertainment destination for the UAE. The first phase of the Central Hub will be completed by the end of this year. In January, the developer also confirmed that the global engineering giant Jacobs had won a key contract to design the infrastructure for the project.

Launched in September 2017 by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Aljada has swiftly become Sharjah’s fastest-selling residential community. Delivered in phases starting in 2019, the entire project is expected to be completed by 2025.

The Aljada masterplan is carefully designed with walkability and wide green spaces in mind, allowing residents, workers and visitors the ability to live, work, play and be entertained within a fully integrated and sustainable community. Aljada has exceptional connectivity to surrounding areas, and is an all-encompassing district that comprises considerable retail, leisure and entertainment options, in addition to a wide range of residential and commercial offerings. 

Interested buyers may find out more about Aljada at the ARADA Sales centre located at the Radisson Blu Sharjah in the Badriyah Ballroom from 10:00am to 7:00pm Saturday-Thursday.

About ARADA

ARADA, the UAE’s newest developer, dedicated to the creation of prime residential properties. Headquartered in the United Arab Emirates, ARADA commenced operations in early December 2016 with a focus on ‘creating communities’ aiming to address the ever-expanding mid-market segment. ARADA has been founded by HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Basma Group, and HRH Prince Khaled bin Alwaleed bin Talal, founding Chairman of KBW Investments, with the intention of delivering superior properties to the UAE real estate segment.

For more information and high-resolution images contact media@arada.com

For more information about ARADA and Nasma Residences: www.arada.com

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.