Arada sales up 186% in first half of 2023 at Dh4.26 billion

Arada sales up 186% in first half of 2023 at Dh4.26 billion

Sharjah: Property developer Arada reported a record sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai gathered pace. Sales increased 186 per cent in the first six months of 2023 compared to the same period in the previous year, with the total value of property sold reaching Dh4.26 billion. In total, Arada sold 1,616 homes at its communities during the first half, a 23 per cent increase on the same period in 2022. 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. We’re also delighted with the response to