Leading Sharjah developer Arada has reported a three-fold growth in sales during the first half which soared to AED9.15 billion ($2.5 billion) as healthy demand for premium residential property continues to lift markets across the UAE. It is on track to complete 2,000 homes this year. 

 

The master developer saw a 336% increase in the value of property sold at its projects in Dubai and Sharjah, driven by major launches and increasing interest in existing master planned communities.

 

In total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. 

 

Its best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai in May, and the 2,000 villa and townhouse community Masaar 2, which was launched in Sharjah in February and sold out in just three hours.

 

Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: "We have always believed that when people and spaces connect with purpose, the results can be transformational. That philosophy has guided every community we’ve built, and the exceptional performance we’ve seen in the first half of this year proves that a long-term, people-first strategy consistently delivers meaningful value for residents and investors alike."

 

Group CEO Ahmed Alkhoshaibi said: "We’re looking to build on the excellent sales results from the first six months of the year by launching a further three projects across the UAE in the second half, which will together total around 5,000 new homes."

 

"In addition, as we gear up for the launch of our first projects in Australia, we will continue to identify new opportunities and partnerships not just in the UAE but overseas as well," he stated.

 

Arada is targeting full-year sales totalling AED15 billion, while the master developer is also on track to complete and deliver 2,000 homes this year, he added.-TradeArabia News Service