Arabian Business: UAE's Aljada to award first contract for $6.5bn mega project in January

Arada, the developer behind Sharjah's $6.5bn Aljada community, plans to award the main construction contract for Phase 1 of the megaproject in January 2018

Arada has revealed plans to award the main contract for Phase 1 of its $6.5 billion (AED24bn) Aljada megaproject in January 2018.

The developer said that it would float the main construction tender for Phase 1 of the Sharjah community in November 2017.

Construction works are due to commence in Q1 2018, and the development’s initial phase will be delivered before the end of 2019, Construction Week reports.

Spread across an area of 2.2km2, and boasting a total population of approximately 70,000 people, Aljada looks set to become Sharjah’s largest ever real estate development.

Ahmed Al Khoshaibi, CEO of Arada, told Construction Week that that the community would include a total of 800 buildings upon completion.

“The first tranche of property that we are releasing onto the market numbers 272 units, which include three apartment blocks, as well as 28 townhouses and 56 semi-detached villas,” Al Khoshaibi explained.

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