Arabian Business: Sharjah-based Arada sold 652 homes worth AED545 million at Dubai’s Cityscape Global

News: 9 October 2018

Sharjah-based developer Arada sold 652 homes worth AED 545 million ($148.3 million) at this year’s Cityscape Global, a 42 percent increase on the company’s performance in 2017, when it launched its $6.8 Aljada development.

We see these excellent results as a vote of confidence in the UAE property sector in general, and in Sharjah in particular,” said Arada chairman Sheikh Sultan bin Ahmed Al Qasimi. “Arada has worked exceptionally hard to bring to the market communities that combine great pricing, great amenities and great design.”

To improve on our performance in 2017, when we launched Aljada, totally vindicates those efforts,” he added.

The company’s performance at Cityscape seems to have matched the expectations of CEO Ahmed Alkhoshaibi, who told Arabian Business on the first day of the event that he expected sales “to be better” than 2017, when Arada sold approximately 400 apartments.

Read the full article in Arabian Business