Sharjah Real Estate Developer Arada Reports 30% Growth
- Date: 21-Jul-2022
- Source: Al Bawaba
- Sector:Real Estate
- Country:UAE
Sharjah Real Estate Developer Arada Reports 30% Growth
Arada has reported a 30 percent growth in the value of the property sold in the first six months of 2022, as buyer interest in the Sharjah and wider UAE property markets continues to grow.
The developer sold homes valued at AED1.49 billion at its two Sharjah megaprojects, Aljada and Masaar, thanks to ongoing demand for spacious, green integrated communities.
The first half results cap a particularly strong period for Arada, which also saw the award of credit ratings and the successful completion of the company's first public financing deal, a $350 million sukuk issuance.
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