Arada awards contracts worth $125m to build first residential district at Masaar
Contractors Mohammed Abdulmohsen Al Kharafi & Sons and Intermass will begin work immediately on the two contracts
Arada has awarded two major contracts worth USD$125mn to build the first residential district at Masaar, Sharjah’s forested megaproject.
In a statement, Arada said that Masaar will feature 4,000 villas and townhouses, and that it is divided into eight gated districts, set in a woodland and nature-inspired masterplan. The masterplan has been carefully designed to enable its residents to transform their lives by encouraging healthy living in harmony with nature.
Featuring over 50,000 trees, Masaar’s signature feature is a lushly landscaped and walkable ‘green spine’ that will be activated by footpaths, cycle tracks, passive zones and a range of different sporting facilities.
Arada Group CEO Ahmed Alkhoshaibi said: “Masaar has been the bestselling off-plan project in Sharjah since its launch in early 2021 and excitement has been growing about the incredible amenities and upgraded lifestyle that this community will introduce.”
Valued at $62mn, the deal to build 142 villas in the Sendian district of Masaar was won by leading Kuwaiti contractor Mohammed Abdulmohsen Al Kharafi & Sons, which is already working with Arada in the development of two other projects, Aljada and Nasma Residences.
Al Kharafi will immediately start work on the project and is due for completion in 14 months. Valued at $63.1mn, the second contract to build the remaining 288 homes in Sendian was won by Intermass, a Sharjah-based contractor that has also worked on Aljada and Nasma Residences. Construction on these homes will also begin immediately, with work scheduled to take 14 months to complete.
Homes at Sendian, (Arabic for oak tree), range in size from two-bedroom townhouses to five-bedroom Sendian Park Villas. Every unit has smart home features as standard, and all are located close to the leisure and entertainment zone in the heart of Masaar.
According to Arada, all homes in Sendian are now sold out. Masaar’s second phase, Kaya, was launched for sale last year in October and seeing the strong buyer demand it now aims to bring forward the launch of the third phase of the community to this quarter.
“These contracts are a key moment in Masaar’s journey to completion, and we have agreed an accelerated construction programme with the contractor in order to deliver Sendian rapidly, efficiently and to an exceptional level of quality,” concluded Alkhoshaibi.
