Arada records 100% rise in sales to AED7.02 billion in 2023

Arada records 100% rise in sales to AED7.02 billion in 2023

- 2,824 homes sold and 2,610 units delivered during 2023

- 3,300 units now under construction at Sharjah megaprojects Aljada and Masaar, plus Jouri Hills at Jumeirah Golf Estates in Dubai

- Master developer targets AED10 billion in sales for 2024

Dubai, United Arab Emirates – Arada has reported a doubling of sales during 2023 to AED7.02 billion following unprecedented demand for its premium communities in Sharjah and Dubai. The master developer saw a 100% 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% 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 AED35 billion Aljada megaproject, Sharjah’s largest mixed-use destination and the AED9.5 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.

HRH Prince Khaled bin Alwaleed bin Talal, Vice Chairman of Arada, said: “Our strategic vision involves creating spaces that enable people