Gulf News: Dh24b mega mixed-use project unveiled in Sharjah

15 September 2017

Aljada will cover a massive 224 hectares and generate Dh24b in real estate value

Sharjah: A UAE-Saudi joint venture has launched what is said to be the largest privately-owned mixed-use real estate project in Sharjah. The Aljada development will take up 224 hectares on a site with easy access to the main access roads in the emirate.

The project is being helmed by Arada, for which this is second project after the successful launch of the Nasma residential community. Arada is projecting a gross real estate value of Dh24 billion (including the sales proceeds) from Aljada.

“The plot on which Aljada will be developed was purchased from the Sharjah Government earlier this year, and it lies almost entirely on a greenfield site,” said Prince Khaled Bin Alwaleed Bin Talal, Vice-Chairman of Arada and Chairman of KBW Investments.

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