Sharjah-based master developer, Arada has awarded two major contracts together totaling $256 million to build 986 new homes across two of its residential districts at Masaar, Sharjah’s woodland megaproject.
The first contract, valued at $110 million, is to build 421 villas and town-houses in Masaar’s second residential phase, Kaya, and was won by Pivot Engineering & General Contracting, an Abu Dhabi-based firm with more than 44 years’ experience in the local market. Construction on Kaya will begin immediately and is scheduled to take 18 months.
Valued at $146 million, the second contract is to build 565 villas and townhouses in Robinia, Masaar’s third residential phase, was awarded to Intermass, a well-established Sharjah-based contractor that is already at work on the Masaar Jobsite building part of the first residential phase, Sendian. Intermass has also worked with Arada on two of its other projects, Nasma Residences and Aljada. Construction on Robinia will begin immediately and is scheduled to take 17 months.
Ahmed Alkhoshaibi CEO – Arada
“These two awards signal our determination to push forward rapidly with construction at Masaar, where we are seeing sales demand accelerate thanks to very favorable customer sentiment about the newly opened central entertainment zone and show villa in the community, which provide an opportunity for buyers to truly appreciate what the Masaar lifestyle is all about. Thanks to the recent decision to allow freehold ownership for all nationalities in Sharjah, we are seeing buyer interest at Masaar accelerate significantly. The master development as a whole is now more than a third sold out and we’re bringing forward new phase launches in order to keep up with demand.”
The award means that 1,416 homes are now under construction at Masaar, where the first phase is scheduled to be completed by June 2023.
Sales for Masaar’s fourth phase, Azalea, began earlier in November with an expected delivery of the end of -2024. Azalea consists of 566 homes ranging from two-bedroom townhouses to six-bedroom villas.
The community is anchored by the Masaar Discovery Center, which is now open to the public and surrounded by family attractions and entertainment amenities including a children’s adventure playground and waterplay area, an outdoor amphitheater and a skate park, alongside the second location of the popular Zad food truck park. Also open to the public is the community’s first completed home, the Masaar show villa, which can be reached via a forested walkway.
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