UAE’s Arada has awarded a major contract to build East Village, the second phase of Sharjah’s AED24 billion mixed-use district, Aljada.
The Value of signed contract is AED423 million. The full contract to build East Village was won by Best Building Contracting Company (BLDG CO – BEST – LLC) .
The project involves the construction of 16 apartment blocks, set within a landscaped master plan. Work on East Village will begin immediately and the first homes are scheduled for completion in December 2021.
The East Village contract award comes during an extremely busy period of Arada. In July, the developer announced that its first-half sales had increased by 10% compared to the same period in 2019, citing significant investor uptake from UAE nationals as well as ramped-up interest following the successful opening of Madar at Aljada.
Located in the fast-growing Muwaileh district in the heart of New Sharjah, Aljada is a master-planned destination spread over a 24 million square foot area that is set to transform the future of the Emirate.
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