Arada announces handover of 114 homes in Aljada
The developer says that over 5,500 homes have now been completed within the megaproject
114 townhouses and semi-detached villas in the Sarab 2 garden villa community at Aljada are being handover by developer Arada. The developer said that the contract to build Sarab 2 was awarded to Dubai-based RAQ Contracting in October 2021.
The two Sarab communities feature the only villas and townhouses in the Aljada master plan and are designed to make the most of green parks, natural light and ventilation. All homes at Sarab come with smart home features as standard and a cooker, hood and washing machine/drier installed, the developer noted in a statement.
Although both Sarab communities are located in peaceful and secluded parts of Aljada, they are both just a few minutes’ walk away from Madar, a 1.9m sqft complex designed by Zaha Hadid Architects that is the fastest-growing leisure and entertainment space in the UAE, the developer stated.
In mid February 2023, Arada said it successfully closed a $50mn second tap of sukuk and, in late March 2023, the developer launched the penultimate phase of the Masaar residential community.
“The timely delivery of the high-quality homes in Sarab 2 allows homeowners to enjoy an exceptional lifestyle in nature-inspired homes in one of the most desirable locations at the fast-growing Aljada community. We are currently stepping up the pace of construction at Aljada, with the aim of delivering high-quality homes in this outstanding destination as quickly as possible,” said Ahmed Alkhoshaibi, Group CEO of Arada.
The completion of the Sarab 2 villa community raises the number of completed homes at Aljada to over 5,500, following the completion in December of 2,473 units at the premium student housing complex Nest, and another 1,600 homes in the East Village district of the city, Arada explained.
The developer noted that it will begin handing over another 600 units in The Boulevard residential complex at Aljada in the coming weeks. Around 3,200 homes are currently under construction at the Aljada site, where 25,000 units are scheduled to be built in total, the statement concluded.
In mid April 2023, Arada inked a deal to bring sustainable water treatment tech to the UAE.
