Developer Arada launches ‘luxury garden community’ as demand for Sharjah real estate holds firm

Developer Arada launches ‘luxury garden community’ as demand for Sharjah real estate holds firm

Sharjah-based developer Arada has announced that it is launching sales of a new community at its $6.5bn (AED24m) megaproject, Aljada.

The company said that 114 villas and townhouses at Sarab 2, which it billed as a ‘luxury garden community', would go on sale on Monday 10 August.

In a statement, Arada said it had brought forward the launch following the successful sellout of the previous Sarab project, due to increased demand from buyers.

The Sharjah real estate market appears to have remained more insulated from the slower sentiment affecting other property markets elsewhere in the Gulf.

The total value of property transactions rose by 4 percent in Sharjah during the first six months of the year, compared to the same period in 2019, according to data provided in July by the emirate's real estate