UAE-based property development firm Arada has awarded two contracts for the $2.1bn (AED8bn) Masaar in Sharjah.
Located in the Suyoh district of Sharjah, the 19 million ft2 mega community features 4,000 villa and townhouses set in eight gated communities.
Engineering consultancy Parsons Overseas has been appointed for infrastructure design and supervision consultancy services at the community.
The scope of work under the contract involves all aspects of infrastructure delivery for the project such as water, drainage, roads and power.
Arada has also appointed contracting company ASGC Construction to construct the Masaar Experience Centre.
Construction work on the facility is scheduled to commence immediately with completion planned in six months.
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By GlobalDataASGC Construction will also be responsible for the construction of Masaar’s first property, a five-bedroom show villa located in the Sendian district of Masaar under the same contract.
Arada chairman HE Sheikh Sultan bin Ahmed Al Qasimi said: “This is a landmark moment in our journey at Masaar, a project that has been designed to set a new standard of living, not just for Sharjah but for residential communities throughout the region.
“We have witnessed strong demand for properties within the first phase of Masaar, in line with the robust performance of Sharjah’s real estate sector during the first five months of this year.”
The company stated that the sales of the 445 homes in Sendian, Masaar’s first district, started in January.
The homes are scheduled to be handed over in the first quarter of 2023 and the second phase of sales are on track to be launched by the end of this year.
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Arada awards two contracts for $2.1bn Masaar in Sharjah. Credit: Arada Developments LLC.
