Arada has announced the sale of all 115 apartment units within the Areej 5 block in the first phase of Aljada, breaking the record in Sharjah for the number of homes sold in one day.
The 115 units, which includedstudios and one-bedroom apartments, were sold last Thursday at the sales event where Arada released Areej 5.
Sheikh Sultan bin Ahmed Al Qasimi, the chairman of Arada, said: “I am delighted to see that sales for Aljada are progressing stronger than ever, showing that demand for homes in this wonderful project remains undiminished.”
“It’s clear that investors agree with our vision to provide a lifestyle that is second to none in Sharjah, at a price point that is realistic for all. We look forward to breaking ground on Aljada at the beginning of next year, and repaying the faith that investors have placed in us,” he added.
Located on the last major plot of undeveloped land in the heart of Sharjah, Aljada is the largest mixed-use project in Sharjah with a sales value of Dh24 billion. With phased delivery scheduled to start in 2019, construction on Aljada will begin in the first quarter of 2018 and the entire project is expected to be completed by 2025. Since Aljada’s launch in September 2016, over 600 units in Phase 1 have been sold.