Homes at Arada's new project Azalea will range from two-bedroom townhouses to six-bedroom villas. Photo: Arada
Homes at Arada's new project Azalea will range from two-bedroom townhouses to six-bedroom villas. Photo: Arada
Homes at Arada's new project Azalea will range from two-bedroom townhouses to six-bedroom villas. Photo: Arada
Homes at Arada's new project Azalea will range from two-bedroom townhouses to six-bedroom villas. Photo: Arada

Arada unveils new phase at its $2.17bn Masaar mega project in Sharjah


Fareed Rahman
  • English
  • Arabic

UAE developer Arada unveiled the fourth phase of its Dh8 billion ($2.17bn) Masaar residential project in Sharjah amid strong investor demand.

The new phase, named Azalea, will have 566 homes from two-bedroom townhouses to six-bedroom villas and the project will be completed by the end of 2024.

The launch of the fourth phase has been “fast-tracked due to strong demand in previous phases, with 30 per cent of the full master plan now sold out”, the company said on Monday.

Arada announced the launch of Masaar, which means “path” in Arabic, in January last year. The project, spread across eight gated districts, has 4,000 homes and features a “green spine” with 50,000 trees.

Arada this week unveiled its first project, Jouri Hills, in Dubai. Antonie Robertson / The National
Arada this week unveiled its first project, Jouri Hills, in Dubai. Antonie Robertson / The National

“The rapid sale of homes at Masaar shows that Arada has the correct strategy in place to deliver the right product to meet the needs of investors and aspiring homeowners,” said Arada group chief executive Ahmed Alkhoshaibi.

The launch of the new project comes at a time when the UAE’s property market is continuing to expand following a coronavirus-induced slowdown.

The expansion is being driven by new government initiatives and increased market liquidity amid higher oil prices.

The prices of both villas and apartments have increased in Dubai and Abu Dhabi this year amid a broader economic recovery and growing investor interest in the UAE's property market.

Developers have unveiled new projects at Cityscape property convention in Dubai amid higher demand from buyers.

Arada announced the launch of a Dh2 billion Jouri Hills project at Dubai's Jumeirah Golf Estates while Dubai’s Sobha Realty unveiled two new megaprojects worth Dh24 billion close to its Sobha Hartland development in Mohammed bin RashidCity.

Arada, a venture between KBW Investments — a company controlled by Prince Khaled bin Alwaleed and Sharjah's Basma Group, is also looking to expand to Saudi Arabia, the Arab world’s largest economy, as well as to Europe and Australia.

Since its launch in 2017, Arada has unveiled three master communities in Sharjah — Aljada, Masaar and Nasma Residences.

Arada also bought a plot of land on Dubai’s The Palm Jumeirah for Dh240 million but it has yet to begin construction.

Construction at Masaar's first residential district Sendian, is under way and is expected to be completed by the end of June 2023, while contracts for Masaar’s second and third phases, Kaya and Robinia, are expected to be awarded by the end of this year, the company said.

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UAE megaprojects 2022: 33 new developments in Dubai, Abu Dhabi and the Northern Emirates

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

UK-EU trade at a glance

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Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

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Adel Esmat (translated by Mandy McClure)

Hoopoe

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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The Dictionary of Animal Languages
Heidi Sopinka
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ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Gothia Cup 2025

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116 pitches

76 nations

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F1 The Movie

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Bantamweight Hamza Bougamza (MAR) v Jalal Al Daaja (JOR)

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Middleweight Tarek Suleiman (SYR) v Laid Zerhouni (ALG)

The Brutalist

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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

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Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

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MATCH INFO

Alaves 1 (Perez 65' pen)

Real Madrid 2 (Ramos 52', Carvajal 69')

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura

Results

6.30pm: Maiden (TB) Dh82,500 (Dirt) 1,200m; Winner: Major Cinnamon, Fernando Jara, Mujeeb Rahman

7.05pm: Maiden (TB) Dh82,500 (D) 1,900m; Winner: Al Mureib, Fernando Jara, Ahmad bin Harmash

7.40pm: Handicap (TB) Dh102,500 (D) 2,000m; Winner: Remorse, Tadhg O’Shea, Satish Seemar

8.15pm: Conditions (TB) Dh120,000 (D) 1,600m; Winner: Meshakel, Xavier Ziani, Salem bin Ghadayer

8.50pm: Handicap (TB) Dh95,000 (D) 1,600m; Winner: Desert Peace, William Buick, Charlie Appleby

9.25pm: Handicap (TB) Dh87,500 (D) 1,400m; Winner: Sharamm, Ryan Curatlo, Satish Seemar

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0

Key facilities
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The specs

AT4 Ultimate, as tested

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On sale: Now

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Biometrics: Touch ID, Face ID

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

List of officials:

Referees: Chris Broad, David Boon, Jeff Crowe, Andy Pycroft, Ranjan Madugalle and Richie Richardson.

Umpires: Aleem Dar, Kumara Dharmasena, Marais Erasmus, Chris Gaffaney, Ian Gould, Richard Illingworth, Richard Kettleborough, Nigel Llong, Bruce Oxenford, Ruchira Palliyaguruge, Sundaram Ravi, Paul Reiffel, Rod Tucker, Michael Gough, Joel Wilson and Paul Wilson.

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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles

“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”

Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”

Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

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Updated: November 22, 2022, 12:45 PM`