Sharjah: “Gulf”
Aradha will be showcasing its most important real estate projects in the Emirate of Sharjah during the activities of the International Citiescape Exhibition, which will be held from November 9-11 at the Dubai Exhibition Center in Expo 2020 Dubai.
In its pavilion, the company showcases various real estate options in its two projects, “Masar” and “Aljada”. The “Arata” pavilion includes new and exceptional residential areas in Aljada, the largest mixed-use project in Sharjah’s new hub with a total sales value of 24 billion dirhams. The recently launched “Kaya” neighborhood, which represents the second residential phase in the “Masar” project, is a community of villas and country houses.
Arata sold about 1,600 homes in the Aljada project in 2021, valued at 900 million dirhams. The first phase of the Masar community received great positive responses, after which the second residential phase of the community inspired by nature, Kaya, was launched last October. The total sales value of Masar this year is almost one billion dirhams.
Ahmed Al-Kushaibi, CEO of Arata, said: “We look forward to participating in Citiescape again. To showcase our new range of luxury assets in the Massar and Aljada communities, these two projects have attracted buyers and investors alike due to their exceptional benefits and the strength and stability of the real estate industry. Emirate of Sharjah ”
Al-Kushaibi added: “Our strong performance comes from a number of factors, including the excellent service facilities we provide, the quality of the real estate product and the flexible payment plans. In Sharjah, it tops the list of the fastest growing real estate developers in the country. UAE “.
Recently released government and independent data indicate that the real estate sector in Sharjah has seen a significant recovery after the recession in all economic sectors as a result of last year’s “corona” epidemic. According to the Sharjah Real Estate Registry, the value of assets sold at the Emirate in the first six months of this year increased by 41% compared to the same period last year.
A study released by Property Finder earlier this year found that the average selling price of apartments for Sharjah properties increased by 2.2% in July compared to January this year. The percentage was higher in Aljada; The average selling price of apartments in this integrated community increased by 4.8% over the same period.