Sharjah unveils AED24bn project
Sharjah-based developer Arada announced its plan on Wednesday for an AED24 billion ($6.5bn) master-planned community, Aljada.
“The new Aljada master-planned community will cover a site of more than 2.2 square kilometres. It will be Sharjah’s biggest-ever mixed-use project and will sit on the last major plot of undeveloped land in the emirate,” said a statement by Arada published on Zawya.
The project, which will house 70,000 residents upon completion, will be delivered in a series of phases, with work starting on-site early next year and completions expected from 2019 through to 2025, according to the statement.
It said that plots will be based around an entertainment and leisure precinct known as the Central Hub, which will contain an urban piazza filled with cafes and restaurants, and a musical fountain display. Other attractions in the Central Hub include a large children’s adventure complex, skate parks and an extreme sports centre.
Moreover, a pair of 2.2km-long linear parks will also run through the length of the 1km-wide site, and there will be a pair of wide, tree-lined boulevards offering retail and food and beverage stores. These will connect to each of the planned districts within the site, according to Arada. The site will also contain a dedicated business park, according to the statement.
The developer added that districts will contain a mix of housing types, from standalone and semi-detached villas to townhouses, lofts and apartments, and Arada said a “considerable portion” of the site has been dedicated to green space.
“Aljada reflects Arada’s unwavering commitment to contribute to the Sharjah leadership’s vision by creating unique urban communities with ample, green spaces. We want to offer residents and investors upscale living experiences that are currently unavailable in the market and ensure a better life for everyone who visits, lives, or works in Aljada,” said Sheikh Sultan al Qasimi, chairman at Arada. “We are confident that this development will raise interest in Sharjah even further while strengthening its position as a secure and sought-after investment destination.”
Meanwhile, Arada Vice Chairman Prince Khaled said Aljada is a project that stays true to its roots; it embodies the heritage of the city that lies around it while looking forward to Sharjah’s future. “With design elements that draw inspiration from Sharjah’s oldest neighbourhoods to environmentally friendly building standards, Aljada really does represent the best of both worlds,” he said.
Arada said that sales for the project have already opened and that it will be on display at next week’s Cityscape Global exhibition in Dubai from September 11 to 13.
According to the firm, Aljada is the second Arada project after Nasma Residence, which was launched just a few months ago.