CBN Middle East: Chasing the Vision

11 June 2018

Arada CEO Ahmed Alkhoshaibi believes Sharjah's 2018 will be "fast paced" and better than 2017

CBN Middle East: 11 June 2018

According to the recent Sharjah Property Market Snapshot for Spring 2018 by Cluttons, villas in Sharjah have continued to buck the wider trend of retreating rents in the emirate’s residential rental market, recording an increase of 1.7%, while apartment rents in Sharjah registered a steep decline of 13.6% in rents, in the last quarter of 2017. In addition to it, a trend of new developers entering the Sharjah market has added an exciting dimension to the sector.

Arada, being a new developer itself, has built up a formidable presence for themselves in the market with the launch of Aljada, a master-planned destination, covering over 2.2sqkm that is set to become Sharjah’s largest ever mixed-use development project. Delivered in phases starting from 2019, construction on Aljada began in the first quarter of 2018 and the entire project is expected to be completed by 2025. Aljada is an all-encompassing district that comprises considerable retail, leisure and entertainment options, in addition to a wide range of residential and commercial offerings, such as a dedicated business park.

Read the full article in CBN Middle East.