INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Arada finalizes first set of homes worth $6.53bn in third phase of Sharjah project

Residents at East Village will benefit from large green spaces that will host regular events. (WAM)
  • Under the project, which features 2,000 units, , a total of 1,621 apartments have been finished across 14 buildings
  • Each apartment block has communal areas, with additional space set aside for local facilities, including small shops and cafes

SHARJAH, UAE — Arada announced on Tuesday that it has completed the first set of homes in East Village as part of its AED24 billion megaproject Aljada in Sharjah.

Under the project, a total of 1,621 apartments have been finished across 14 buildings, local media reports said.

Featuring 2,000 units in total, the East Village targets the younger generation and comprises 16 apartment blocks.

Residents at East Village will benefit from large green spaces that will host regular events, art installations and pop-up retail outlets.

Each apartment block has communal areas, with additional space set aside for local facilities, including small shops and cafes.

Home inspections will shortly begin at the 968 homes in the Riff 1-3 buildings, the Link 1-3 buildings and the Solo 1-2 buildings – which were completed at the end of last year, bringing the total number of homes finalized at Aljada during 2022 to 3,833.

A further 653 homes have just been completed in the Solo 3-4, Link 4-5 and Riff 4-5 buildings, with home inspections due to commence shortly.

The completion of the first homes in East Village comes shortly after Arada’s announcement in December that all 2,473 fully furnished units in the Nest student housing community had also been finished.