Arada awards contract for Phase 2 of Aljada community
The $115.1m contract to build East Village has been awarded to Best Building Contracting Company
The $115.1m (AED423m) contract to build East Village has been awarded to UAE contractor Best Building Contracting Company (BLDG CO – BEST – LLC) and involves the construction of 16 apartment blocks, set within a landscaped master plan.
Best Building Contracting Company's past projects include the two Al Zahra Hospitals in Sharjah and Dubai as well as several high-rises in the emirate of Sharjah.
Aljada's East Village community, located in the heart of Aljada, features under 2,000 units in total and has marked 95% sales. Work on the project is expected to begin with immediate effect and the first homes are scheduled for completion in December 2021.
Speaking about the development on the megaproject, chairman of Arada, HE Sheikh Sultan bin Ahmed Al Qasimi, said: “This is a key moment in the development of this record-breaking project, and is evidence of our determination to push construction forward at a number of areas within the Aljada project site.
We will now work to ensure that investors' homes are built rapidly and to the highest level of quality. We have chosen a partner with a track record of stability and success to construct this community."
In July 2020, 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 the 55,741.8m2 entertainment complex, Madar at Aljada.
Arada is also making significant construction progress on the first phase of Aljada, First Avenue, where it is preparing to hand over the initial homes in the third quarter of this year.