Gulf News: Sharjah’s largest ever development times sales to perfection

12 September 2017

The Dh24b Aljada pulls in heavy investor interest for its first release of 500 units

The launch and sales of Sharjah’s largest private sector development — Aljada — seems to have been timed to perfection, with the first round of residential offerings nearing a sell-out. Around 400 of the initial 500 homes have now been sold since the formal unveiling last week, with the first two days of Cityscape generating significant investor interest.

“We do have a promotion running through Cityscape, offering a 2 per cent discount on the listed prices,” said Ahmad Al Khoshaibi, CEO of Arada, a joint venture featuring high-profile investor duo from Sharjah and Saudi Arabia. “And during the pre-launch, there was one of 5 per cent for a select group of invitees.

“That day we had put up 272 units for sale and managed to sell 200.”

Prices on the units released to date range from D850,000 to Dh2.99 million for a semi-detached villa. The residential mix also allows for multiple level loft-style units and the like.

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