The UAE’s newest developer Arada has awarded three main construction contracts at its two record-breaking projects, Aljada and Nasma Residences, in the northern emirate of Sharjah.
Together these contracts will involve the construction of almost 800 new homes, all of which are scheduled to be completed by the end of next year.
At Aljada, the 24 million-sq-ft megaproject that is set to transform Sharjah, the contract to build three Areej Apartments blocks was won by Modern Building Contracting Company (MBCC), a major contractor with extensive experience in the UAE and Saudi Arabia.
Based within Phase One, these buildings will together include 366 units, said the developer.
Mobilisation is currently taking place onsite, and construction work will begin by the end of the year. The firm is already working on the first four Areej Apartment blocks, where construction began at the end of July, it added.
The contract to build the first three Rehan Apartments blocks, also in Phase One of Aljada, was won by Intermass Engineering & Contracting Company (Intermass). Construction on these three buildings, which will include 234 units, is expected to begin this month.
Besides this, the Sharjah-based Intermass has won the main construction contract for Phase Three of Nasma Residences, which consists of 192 villas and townhouses, and is due to start work onsite by the end of 2019.
The company, which has 40 years of experience in the Middle East market, also clinched the package for Phase One and split the award for Phase Two with Klampfer Middle East.
Arada is currently preparing to hand over its first ever homes, as construction nears completion on Phase One of Nasma Residences. The developer is on track to deliver keys to the first set of homeowners by the end of this year.
Arada chairman Sheikh Sultan bin Ahmed Al Qasimi said: “We are pleased to be confirming the construction of 800 well-designed and expertly built homes for Sharjah, a market where demand for the types of communities Arada is building remains exceptional. These three new contract awards show the rapid pace of progress at both of our projects.”
“In line with our promises to buyers, we are now preparing for the handover of our first homes to buyers at the end of this year,” he added.
The contracts announcement follows the recent award of the first Aljada infrastructure contract, to BICC Contracting, in September, as well as the unveiling of the final masterplan design of the Central Hub, a new leisure and entertainment destination for the UAE, which has been designed by Zaha Hadid Architects.-TradeArabia News Service