Sharjah's Masaar Project Awards Final Phases to Arada for $403 Million

Arada has awarded two contracts totaling AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, an AED9.5 billion woodland megaproject in Sharjah’s Suyoh district.

The company announced that it had awarded a contract worth AED650 million to build 428 homes in the “Sequoia” and another worth AED830 million to build 597 units in Saro, Masaar’s sixth and final phase.

Ahmed Alkhoshaibi, Group CEO of Arada, said, “We are thrilled to award these contracts in a timely manner, ensuring that the Masaar community is delivered efficiently and to an exceptional level of quality. Since the project’s launch over three years ago, our buyers have witnessed significant growth in the capital appreciation of their homes.”

Construction on Sequoia and Saro will begin immediately, with all homes expected to be finished by summer 2026.

These awards bring the total number of homes under construction at Masaar to 2,570, with 430 homes in the first phase completed by the end of 2023.

The second and third phases of Masaar, Kaya, and Robinia, which include 986 homes, are expected to be completed in the coming months