Arada records 100% rise in sales to $1.91mln in 2023

Arada records 100% rise in sales to $1.91mln in 2023

Master developer Arada has reported a doubling of sales during 2023 to Dh7.02 billion following unprecedented demand for its premium communities in Sharjah and Dubai. The master developer saw a 100 per cent increase in the total value of property sold compared to the previous 12 months, buoyed by continued international interest in the UAE property markets.

In total, Arada sold 2,824 homes in 2023, a 25 per cent gain on the previous year, once again reflecting the recent trend of buyers investing in larger and higher-value villas and apartments.

During the year, Arada also completed 2,610 homes at the Dh35 billion Aljada megaproject, Sharjah’s largest mixed-use destination and the Dh9.5 billion Masaar forested master community in the Suyoh district of Sharjah. A total of 3,300 homes are currently under construction across Aljada, Masaar and the Jouri Hills at Jumeirah Golf Estates community in Dubai.

Prince Khaled bin Alwaleed bin Talal, vice-chairman of Arada, said: “Our strategic vision involves creating spaces that enable people to lead happier, healthier, more sustainable and more meaningful lives. A long-term approach that focuses on people has once again yielded exceptional results, reinforced by continuing strong demand for high-quality communities in Dubai and Sharjah.”

Ahmed Alkhoshaibi, group CEO of