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Construction Week: Enabling works begin on Arada’s $6.5 billion Aljada in Sharjah

Construction Week: Enabling works begin on Arada’s $6.5 billion Aljada in Sharjah

Gulf News covers the launch of East Village, a new community for a new generation based in Aljada

 

Enabling works have begun on the $6.5bn (AED24bn) Aljada development.

Occupying an area of 2.2km2 (220ha), the Aljada urban district will be one of Sharjah’s largest real estate developments upon completion.

A groundbreaking ceremony held for the development was attended by HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, and HRH Prince Khaled bin Alwaleed bin Talal AlSaud, vice chairman of Arada.

Phase 1 of Aljada is on track to be handed over by the end of 2019, Arada revealed, adding that full completion was due by 2025.

Arada announced earlier this month that it had signed a management agreement with Emaar Hospitality Group to bring the Address Aljada Sharjah, Vida Aljada Sharjah, and Rove Aljada hotels to the megaproject.

These details were revealed following Arada’s launch of East Village, a residential community within the Aljada master development.

Comprising 15 buildings, each of which features around 150 units, East Village will offer studios and one-bedroom apartments, with handovers due by the end of 2020.

East Village is located close to Aljada’s 50ha (500,000m2) commercial hub, named Business Park, and University City, one of the region’s largest education complexes.

Read the full article here.

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