Arada launches 7th and final phase of $2.6bln Masar mega project

Arada launches 7th and final phase of $2.6bln Masar mega project

UAE - Arada has launched Saro, the seventh and final phase of Masaar, the mega-residential woodland project of 597 homes in the Al Suyoh district of New Sharjah, ahead of time as sales hit AED2.34 billion ($640 million) in H1 2023. Valued at AED9.5 billion ($2.6 billion), the Masaar master plan features 3,000 homes spread over seven gated districts, all of which are linked by a green spine featuring over 50,000 trees. Investor interest in the nature-inspired homes and award-winning master plan of the project has risen strongly, with 813 villas and townhouses sold in Masaar in the first half of 2023 alone. First three phases Meanwhile, construction on 1,416 homes in the project’s first three residential districts, Sendian, Kaya and Robinia is under way, and the first homes are scheduled to be delivered later in 2023. The construction contract for the fourth, fifth and sixth phases, Azalea, Sarai and Sequoia, will be awarded in the coming months. The Saro district consists of idyllic two, three, and four-bedroom townhouses and premium four, five and six-bedroom villas including upmarket Saro Forest Signature Villas. Smart features come as standard at every Saro home, while larger villas offer additional privacy, multiple lounges, expansive