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Sharjah / Gulf Time
Arada reported a strong sales performance for 2021, thanks to successful new project launches and a resurgence in the overall property market in both Sharjah and the wider UAE. The developer posted a 38% increase in sales to AED2.41 billion during 2021 in comparison to the previous year.
In total, Arada sold 2,488 homes in 2021, a 6% increase on the year before, as buyers continued to invest in higher-value apartments and villas.
Arada’s best-performing project in terms of sales was Masaar, the upscale forested villa community that became the UAE’s first major offplan launch of last year.
In total, the developer sold 559 homes at Masaar with a value of almost AED1.2 billion. The first residential contract at the project is scheduled to be awarded this month.