trending Market Intelligence /marketintelligence/en/news-insights/trending/0cwusevbazd9jq21o8pfpa2 content esgSubNav
In This List

Arada sells 652 homes at Sharjah, UAE, development

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Arada sells 652 homes at Sharjah, UAE, development

Sharjah, United Arab Emirates-based developer Arada sold 652 homes worth 545 million dirhams at the 2018 Cityscape Global event, marking a 42% boost compared to sales at the event in 2017, Arabian Business reported.

The US$6.8 billion Aljada project was launched in 2017 as the city's largest mixed-use development.

The company revealed the final masterplan for Aljada's 1.9 million-square-foot Central Hub and launched the Sarab Community that will have 109 townhouses and villas near Central Hub, according to the Oct. 9 report.

The Aljada project is slated to be delivered in phases beginning in 2019 with completion expected in 2025, according to an earlier report.

As of Oct. 9, US$1 was equivalent to 3.67 UAE dirhams.