Arada awards $124mn in contracts to Airolink for development of Aljada homes
The developer is currently building 7,000 units within its Sharjah mega-project
Two major contracts worth $124mn have been awarded by Sharjah-based developer Arada to Airolink Building Contracting. The deal will see the construction of nine premium apartment blocks comprising 740 homes in Aljada, the developer’s 24m sqft mixed-use mega-project located in the Muwaileh area of New Sharjah.
According to the developer, the buildings include five Sokoon blocks and two new apartment blocks, which are located close to Aljada’s museum, and the two Gate buildings, which are based in different parts of the Aljada master plan, where almost 7,000 units are currently under construction.
“Sharjah’s most exciting new master development is now growing at an incredible pace, and we’re working hard towards reaching our goal of completing 5,000 homes during 2022. We continue to welcome hundreds of new families relocating to Aljada’s first residential phase, who are enjoying the extensive retail, dining, educational and entertainment facilities on offer,” said Arada Group CEO Ahmed Alkhoshaibi.
In May 2022, the developer awarded contracts worth $125mn to build the first residential district at its Masaar development. In June 2022, the developer awarded a $20.4mn contract to build Sharjah’s largest and most technologically advanced fitness centre.
The first contract, valued at $102mn is for the construction of the five Sokoon apartment buildings and two apartment blocks located next to the museum. Arada noted that work will soon start on the Sokoon buildings – comprising 482 homes – and the museum-facing buildings – featuring 138 homes – and are due for completion in mid-2024. Both sets of buildings are based in Naseej District in Aljada’s cultural neighbourhood.
The second contract, valued at $20.9mn, was awarded for the development of The Gate, which consists of two apartment buildings located at the entrance of Aljada. Construction works on the 120 homes in The Gate will begin immediately and will take 16 months to be completed, the developer stated.
Alkhoshaibi concluded, “The award of these two contracts demonstrates our commitment to press ahead with construction at new areas of the Aljada site, which is already one of the most complex project sites anywhere in the region. We look forward to fulfilling the trust placed in us by our buyers by delivering beautifully designed homes finished to an immaculate standard.”
In early October 2022, the developer launched the Masaar Discovery Centre.
