Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar
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Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

A total of 1,416 homes are now under construction at Masaar

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Arada awards contracts worth $256m to build 986 homes at Sharjah’s Masaar

Sharjah developer Arada has awarded two contracts totalling Dhs939m ($255.7m) to build 986 new homes across two residential districts at the emirate’s woodland megaproject Masaar.

Masaar, featuring a nature-inspired master plan containing more than 50,000 trees, is valued at Dhs8bn and contains 4,000 homes across seven gated districts.

The contract to build 421 villas and town-houses in Masaar’s second residential phase, Kaya was valued at Dhs401m and won by Pivot Engineering & General Contracting, an Abu Dhabi-based firm. Construction on Kaya will begin immediately and is scheduled to take 18 months.

The Dhs538m contract to build 565 villas and townhouses in Robinia, Masaar’s third residential phase, was awarded to Intermass, a Sharjah-based contractor. Intermass has also worked with Arada on two of its other projects, Nasma Residences and Aljada. Construction on Robinia will begin immediately and is scheduled to take 17 months.

A total of 1,416 homes are now under construction at Masaar, where the first phase is scheduled to be completed by June 2023.

Read: Sharjah’s Arada awards contracts worth Dhs460m to build Masaar’s residential phase

“These two awards signal our determination to push forward rapidly with construction at Masaar, where we are seeing sales demand accelerate thanks to very favourable customer sentiment about the newly opened central entertainment zone and show villa at the community, which provide an opportunity for buyers to truly appreciate what the Masaar lifestyle is all about,” said Ahmed Alkhoshaibi, group CEO of Arada.

“Thanks to the recent decision to allow freehold ownership for all nationalities in Sharjah, we are seeing buyer interest at Masaar accelerate significantly. The master development as a whole is now more than a third sold out and we’re bringing forward new phase launches in order to keep up with demand.”

Sales for Masaar’s fourth phase, Azalea, began earlier in November with an expected delivery of end -2024. Azalea consists of 566 homes ranging from two-bedroom townhouses to six-bedroom villas.

Masaar was officially inaugurated in September, and is located in the up-and-coming Suyoh district, close to Tilal City, the Sharjah Mosque and Arada’s first project, Nasma Residences.

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