The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC
Located in the first residential phase of Aljada, the shop enables Manbat’s purpose to provide a link between local farmers and consumers in the UAE
The contract to build the four-building complex was awarded to a Dubai-based company with civil and industrial construction experience
A total of 1,416 homes are now under construction at Masaar
Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects
The company said it has completed almost 1,500 homes at Aljada, including all 14 apartment blocks and a garden villa community in the first residential phase of the community
The agreement will also see the launch of joint training programmes, initiatives and events to promote the educational sector in Sharjah
The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size
Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts
The contract to build eight buildings, comprising a total of 920 homes in Aljada, was awarded to Kuwaiti contractor Mohammed Abdulmohsen Al-Kharafi & Sons
The 20,500 square metre plot located on The Palm’s East Crescent has been bought from Nakheel
Arada sold 2,488 homes last year, 6 per cent more than the year before
Dubai-based Proscape won the first construction contract for this phase
The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank
US consultancy Parsons wins the infrastructure design contract
Construction will commence immediately, with completion scheduled by end-2022
The sales launch of the district’s first residential building, Tiraz 1, begins on December 16
The first five phases of the community are fully sold out
Homes in Sarab 2 will be available for sale from August 10 onwards
The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021