Saturday 26 September 2020

Sharjah's Arada launches new luxury garden community

SHARJAH, August 9, 2020

Arada, a leading a property development company based in Sharjah, has announced the launch of a new premium garden villa community at Aljada, the 24-million-sq-ft mixed-use destination in the heart of New Sharjah. 
Featuring 114 villas and townhouses set in a lushly landscaped and exclusive neighbourhood, homes in Sarab 2 will be available for sale from August 10, said the company. 
With a range of two-bedroom townhouses, three-bedroom townhouses and semi-detached villas and four-bedroom detached villas, Sarab 2 is targeted towards professionals, couples and families, all of whom can benefit from the balance between the tranquility of the community and its location within one of the fastest-growing mixed-use megaprojects in the region. 
Residents of Sarab 2 will benefit from world-class leisure and sporting facilities, including male and female gyms, a swimming pool, a children’s adventure playground, basketball and squash courts, outdoor gyms and a mosque, all of which are set in a carefully designed green community master plan. Each resident also has access to parks direct from the back door of their garden. 
The launch of Sarab 2 has been brought forward following the sellout of homes in the original Sarab community, the ongoing robust demand for units at Aljada and the continued strong performance of the local property market, Arada said. 
The value of Sharjah real estate sold in the first half of 2020 rose by 4.1% to AED6.2 billion ($1.69 billion) compared to the same period a year earlier, according to data released at the beginning of August by the Sharjah Real Estate Registration Department, the emirate’s property regulator. 
Arada’s own first-half results showed a 10% increase in sales in comparison to the first six months of 2019, thanks to rising demand from Emirati nationals in particular, who continue to invest heavily in both Aljada and Arada’s first project, Nasma Residences, it said. 
Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “It is extremely encouraging to see how well the Sharjah market continues to perform even amid such challenging circumstances. We had initially planned to announce this exciting new community in the fourth quarter of 2020, but the demand we have witnessed from both investors and end-users for homes in Aljada has forced us to bring the launch forward. This is a rare opportunity to purchase property in a villa community at Aljada, and as such, we expect that these homes will be welcomed by buyers.”  
Earlier this month, the company awarded a AED423 million contract to build the 2,000-unit East Village community, which constitutes the second phase of Aljada, as the developer pushes ahead with the construction of the AED24 billion megaproject. Construction is also progressing rapidly on the first phase of Aljada, where the first of more than 1,400 homes are scheduled to be handed over in the third quarter. 
The successful public opening of Madar at Aljada, a new family entertainment destination for the UAE earlier this year has also boosted sales at the project. Launched in February this year by HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Madar at Aljada has now welcomed more than 300,000 visitors. -TradeArabia News Service


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