Sharjah-based property development company Arada has launched Arada Central Business District (CBD), a new commercial center for Sharjah, which will be located at the heart of the Aljada community.
Spread over 4.3 million square feet of prime leasable space located in 40 smart office blocks, Arada CBD can accommodate 20,000 workers, fulfilling the substantial demand for a contemporary business district in Sharjah and catering to the needs of the future workplace for companies across the UAE and beyond.
The launch of Arada CBD complements the ongoing growth of the Sharjah economy, which is projected to grow at 5 percent annually for the medium term, according to Oxford Economics.
HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Chairman of Arada, said that, “Arada CBD is aligned with Sharjah’s vision to position itself as a leading business hub, attracting companies of all sizes and talents from across the UAE and beyond. The launch of Arada CBD fulfills our promise to provide a transformational urban experience where residents can work, live and play.”
“We are confident Arada CBD will unlock growth opportunities for companies in Sharjah and will encourage corporates and SMEs to expand and relocate to the Emirate, consequently redefining the business scene in the Emirate and enhancing its position on the regional investment map. We have just begun the process of offering guided tours to all corporates interested in leasing space in Arada CBD and expect to see healthy demand for this exceptional new addition to Arada’s growing portfolio.”
“Arada CBD takes the best features from the most prominent business parks from around the world and combines them in a perfectly designed location that is specifically geared to support the workforce of tomorrow,” commented Prince Khaled bin Alwaleed bin Talal, Vice Chairman of Arada.
Scheduled to break ground in the first quarter of 2023, the first cluster of Arada CBD features a total of 812,000 square feet of Grade A and Grade B leasable space, spread across eight impeccably designed buildings. The cluster also includes 1,666 parking spaces, 76,000 square feet of landscaped green space, and 26,500 square feet of retail space.
According to the company, “Arada is moving its headquarters to the first building of Arada CBD, introducing a dynamic new workplace for its growing workforce spread over seven levels. The Arada headquarters building reflects the master developer’s vision for the workplace of tomorrow, with a striking design aesthetic and impressive list of amenities, including an in-house gym, cafeteria, and nursery.”