Arada has awarded two contracts together worth AED460 million ($125.23m), to build the first residential district at Masaar, Sharjah’s forested megaproject.
Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in woodland and a nature-inspired master plan.
Valued at AED228 million, the contract to build 142 villas in the Sendian district of Masaar was won by Kuwait’s Mohammed Abdulmohsen Al-Kharafi & Sons (Al-Kharafi).
Arada has today awarded two major contracts valued at AED460 million to build the first residential district at its forested community @Masaarliving. Construction on these homes will begin immediately and will be completed in 14 months' time. https://t.co/GdOiTHMVSx
— Arada (@AradaLiving) May 10, 2022
Valued at AED232 million, the second contract to build the remaining 288 homes in Sendian was won by Intermass, a Sharjah-based contractor.
Construction on these homes will also begin immediately, with work scheduled to take 14 months to complete.
Homes at Sendian, which means oak tree in Arabic, range in size from two-bedroom townhouses to five-bedroom Sendian Park Villas.
Every unit has smart home features as standard, and all are located close to the leisure and entertainment zone in the heart of Masaar. All homes in Sendian are now sold out.
Masaar’s second phase, Kaya, was launched for sale in October 2021, and Arada will bring forward the launch of the third phase of the community to this quarter thanks to strong buyer demand.