#Arada

Arada concludes $150m sukuk tap; 3.2 times oversubscribed

Arada successfully concludes $150m sukuk tap

The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts

Arada

Arada’s foray into Australia’s real estate market amidst a housing crisis

The sales and construction of the project, located in Sydney, will begin in 2025

Arada awards Dhs615m contracts for 565 housing units

Sharjah’s Arada awards Dhs615m contracts for 565 housing units

Construction on the project will begin immediately and all homes will be completed and handed over by the end of 2025

Ahmed Alkhoshaibi, Group CEO of Arada, and Poonam Bhojani, CEO of Innoventures Education partner to open new K-12 school in Sharjah Image Supplied

New K-12 international school coming to Sharjah’s Aljada project

Scheduled to open in 2026, the American curriculum school will have the capacity to house 2,000 pupils

Sharjah’s Arada posts 186% jump in H1 2023 sales

Sharjah’s Arada posts 186% jump in H1 2023 sales

The developer sold 1,616 homes at its communities during the first half of the year

Arada raises$50m from second tap of existing $450m sukuk

Sharjah’s Arada raises $50m from second tap of existing $450m sukuk

The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC

Arada opens first Manbat store

Sharjah’s Arada opens first permanent Manbat Shop at Aljada, aims to boost UAE’s agri sector

Located in the first residential phase of Aljada, the shop enables Manbat’s purpose to provide a link between local farmers and consumers in the UAE

Arada awards Dhs475m contract to build Vida Aljada hotel complex in Sharjah

Sharjah’s Arada awards Dhs475m contract to build Vida Aljada hotel complex

The contract to build the four-building complex was awarded to a Dubai-based company with civil and industrial construction experience

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

Arada photo courtesy WAM

Real estate developer Arada successfully closes $100m tap of sukuk issuance

Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects

Arada_Aljada project in Sharjah

Arada awards two building contracts valued at Dhs454m in Sharjah’s Aljada project

The company said it has completed almost 1,500 homes at Aljada, including all 14 apartment blocks and a garden villa community in the first residential phase of the community

schools

Sharjah Private Education Authority, Arada partner to design future schools

The agreement will also see the launch of joint training programmes, initiatives and events to promote the educational sector in Sharjah

Sukuk

Sharjah’s Arada raises $350m via dollar sukuk, lists on London Stock Exchange

The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size

Masaar

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

Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts

Arada Sharjah Aljada

Sharjah’s Arada awards Dhs322m construction contract to Kuwaiti contractor

The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons

Dubai Palm Jumeirah

Sharjah’s Arada enters Dubai property market, purchases Dhs240m land at Palm Jumeirah

The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel

Aljada Discovery Centre Arada

Sharjah’s Arada posts 38% rise in sales in 2021 to Dhs2.41bn

Arada sold 2,488 homes last year, 6 per cent more than the year before

Sharjah’s Arada begins work on second phase of Madar at Aljada

Dubai-based Proscape won the first construction contract for this phase

Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction

The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank

Sharjah’s Arada awards first two contracts for Dhs8bn Masaar project

US consultancy Parsons wins the infrastructure design contract

Sharjah’s Arada awards Dhs180m contract to build The Boulevard at Aljada

Construction will commence immediately, with completion scheduled by end-2022

Sharjah’s Arada launches Naseej District; CEO ‘extremely bullish’ on outlook for 2021

The sales launch of the district’s first residential building, Tiraz 1, begins on December 16

Developer Arada begins handovers at Sharjah’s Nasma Residences

The first five phases of the community are fully sold out

Arada launches new garden community at Aljada, Sharjah

Homes in Sarab 2 will be available for sale from August 10 onwards

Arada Aljada Sharjah

Arada awards Dhs423m construction contract for phase two of Aljada development in Sharjah

The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021