Construction Business News ME: Power Hour 2019
News: 30 July 2019
Construction Business News ME: 30 July, 2019
It has been a milestone year for Arada, which has culminated in the delivery of their first homes, at Nasma Residences, the first project Arada launched back in March 2017. Arada are now in the process of handing over the 107 units in the first phase of this community, which sold out in less than a month, making it Sharjah’s fastest-selling real estate project at the time. Over the course of the last year, Arada awarded the infrastructure contract for Nasma Residences to Darwish Engineering, and the main contracts for Phases 3 and 4 were awarded to Intermass and Phase 5 to Mohammed Abdulmohsin Al-Kharafi and Sons.
For their Aljada project they have now launched two further phases for sale during this time period, including East Village and the Nest student housing community, the first of its kind in Sharjah. Construction is well under way, with the first homes due for delivery by the end of this year.
CEO of Arada, Ahmed Alkhoshaibi told Construction Business News: “As the chief executive officer of Arada, I oversee operational management of every aspect the company, under the guidance of our Chairman, HE Sheikh Sultan bin Ahmed Al Qasimi, and Vice Chairman, HRH Prince Khaled bin Alwaleed bin Talal. In the short period of time since Arada has founded, the organisation has grown at a rapid pace, and now has a staff of some 250 professionals, all with relevant experience from some of the region’s most prominent construction-related companies.”
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