The UAE’s newest developer Arada has awarded three main construction contracts at its two record-breaking projects, Aljada and Nasma Residences, in the northern emirate of Sharjah.
Together, these contracts will involve the construction of almost 800 new homes, all of which are scheduled to be completed by the end of 2019.
Arada chairman Sheikh Sultan bin Ahmed Al Qasimi said: “We are pleased to be confirming the construction of 800 well-designed and expertly built homes for Sharjah, a market where demand for the types of communities Arada is building remains exceptional. These three new contract awards show the rapid pace of progress at both of our projects.”
At Aljada, the 24 million-sq-ft megaproject that is set to transform Sharjah, the contract to build three Areej Apartments blocks was won by Modern Building Contracting Company (MBCC), a major contractor with extensive experience in the UAE and Saudi Arabia. Part of Phase One, these buildings will include 366 units, said the developer.
Mobilisation is currently taking place onsite, and construction work was due to begin at the end of last year. The firm is already working on the first four Areej Apartment blocks, where construction began at the end of July, it added.
The contract to build the first three Rehan Apartments blocks, also in Phase One of Aljada, was won by Intermass Engineering & Contracting Company (Intermass). Construction on these three buildings, which will include 234 units, was expected to begin last month.
Besides this, the Sharjah-based Intermass has won the main construction contract for Phase Three of Nasma Residences, which consists of 192 villas and townhouses, and is due to start work onsite by the end of 2019. The company, which has 40 years of experience in the Middle East market, also clinched the package for Phase One and split the award for Phase Two with Klampfer Middle East.
Arada was on track to deliver keys to the first set of homeowners by the end of last year.