Arada reports 186% rise in sales during first half of 2023 to $1.16bln

Arada reports 186% rise in sales during first half of 2023 to $1.16bln

SHARJAH: Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the total value of property sold reaching AED4.26 billion. In total, Arada sold 1,616 homes at its communities during the first half, a 23 percent increase on the same period in 2022. HRH Prince Khaled bin Alwaleed bin Talal, Vice Chairman of Arada, said: “We have consistently promised our buyers attractive investment opportunities that continuously create value, as well as lifestyle experiences within well-designed communities coupled with world-class services. It’s very clear that owners are responding favourably to that promise, and I’m especially proud of the high percentage of repeat buyers of Arada homes that we are currently witnessing. “The Sharjah government’s decision to allow all nationalities to purchase property on a freehold basis has had a significant positive impact on our sales in the emirate, and the increased interest from around the world is helping to boost foreign direct investment into Sharjah.