3 billion dirhams of “Arad” sales in 2022

Dubai: Melhem Al-Zubaidi
Prince Khaled bin Al-Waleed bin Talal, Vice Chairman of Arada, confirmed that the company intends to build 5,000 property units during the next year 2023 within its development projects “Nesma”, “Jada” and “Masar”, in addition to its new project “Jeoli Hills”. Inside “Jumeirah Golf Estate”.

Bin Talal explained that Arada has succeeded in delivering 2,600 housing units in each of the “Nesma” and “Jada” projects. It also aims to achieve total sales of 3 billion dirhams by the end of 2022.

Prince Khaled revealed in detail that Arada has acquired a new plot of land within Jumeirah Golf Estate to develop an integrated complex of residential villas and luxury palaces, which will include 297 units, the first phase of which has been launched with 100 units for sale.

Prince Khaled bin Al-Waleed bin Talal added that the company is preparing to unveil its fifth project within the Palm Jumeirah during the first quarter of 2023, and construction is planned to start in the middle of next year and will last 24 months.

Regarding Arada’s future plans, Prince Khaled explained that the company has all the ingredients and capabilities to expand and enter strategic markets as we look forward to more projects in Dubai and also study opportunities in Abu Dhabi. As for the regional level, the company plans to win the best investment opportunities in Saudi Arabia in all From Riyadh and Jeddah. We have also developed a clear plan to launch 3 new projects in Sharjah.

It is worth noting that the total investments of Arada in the announced projects amount to more than 34 billion dirhams, distributed to 24 billion dirhams in “Aljada”, 8 billion dirhams in “Masar” and 2 billion dirhams in “Jeoli Hills”.

On the other hand, Arada unveiled its first project in Dubai by announcing the launch of the Jouri Hills project in Jumeirah Golf Estates, a package of luxury villas in the heart of one of the most attractive residential and leisure destinations in Dubai. Jouri Hills represents the latest residential phase within the masterplan of the mammoth Jumeirah Golf Estates community, spanning an area of ​​40 million square feet and comprising 294 luxury homes along two World Golf Championship courses, offering an exceptional modern living experience with state-of-the-art designs inspired by nature and a bouquet of service facilities according to the highest standards global standards.

Houses and palaces

Residential options in Jouri Hills, Jumeirah Golf Estates range from 3-bedroom townhouses to luxurious 6-bedroom mansions. All homes feature modern architectural designs that benefit from natural light, with floor-to-ceiling windows and double heights. and smart home technology. The detached villas have private swimming pools, while the townhouses in the project are characterized by an area of ​​more than 14,000 square feet over four floors with ground and basement parking, with flexible layouts dedicated to leisure and fitness facilities, and a English-style outdoor patio dedicated to outdoor leisure activities.

Prince Khalid bin Alwaleed bin Talal, Vice Chairman of Arada, said: “This expansion into the luxury property market in Dubai confirms Arada’s position as the fastest growing property developer in the region. Jouri Hills Villas, which is the latest residential phase in Jumeirah Golf Estates, provides us with a unique opportunity to showcase the exceptional quality and design elements of Arada to a new audience of those interested in the Dubai real estate market. He added, “Jouri Hills Villas is only the beginning of our journey in the Dubai market as we are currently in the process of announcing other plans for new projects that take advantage of the strong and promising performance of the local markets .”

strong response

For his part, Ahmed Al-Khushaibi, Group CEO of Arada, said: “The Jouri Hills project in Jumeirah Golf Estates is in line with our record of offering the best real estate communities in the most beautiful locations, as its master plan is. is distinguished by its exceptional designs in one of the most attractive locations in Dubai. Given the growing demand for this type of luxury property in the emirate, we expect a strong response from investors and buyers in a modern society who benefit from the distinction and fame of Jumeirah Golf Estates.

The Jouri Hills project is characterized by its own community garden, which includes a variety of sports facilities, including jogging and cycling tracks, swimming pools, and a fitness center under the management of the growing (Wellfit) brand of Arada. Construction will begin in Jouri Hills in 2023, as the first package of homes is expected to be handed over to owners in the project by June 2025. The new project was announced on the sidelines of Arada’s participation in Cityscape Dubai, the largest real estate event in the region, and represents the company’s first foray outside the Sharjah property market, as it is considered the largest property developer in the emirate with a portfolio of projects worth more than 33 billion dirhams, and a sales value of 8.6 billion dirhams to date.

piece of land

Looking to capitalize on the growing demand in this market, Arada previously announced the purchase of its last major beachfront lot in Palm Jumeirah, Dubai, as the company completes the conceptual design of the luxury mixed-use complex. finish.

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