Page 53 - September 2020

Construction Contracts

Arada awards AED 423mn construction

contract to build East Village, the second

phase of Aljada project

Arada has awarded a major contract to build East the Aljada project site.
Village, the second phase of Sharjah’s AED24 The East Village contract award comes during
billion mixed-use district, Aljada. Located in the an extremely busy period of Arada. In July, the
heart of Aljada, the East Village community is developer announced that its first-half sales had
targeted at the younger generation and comprises increased by 10% compared to the same period in
a series of apartment blocks that are characterized 2019, citing significant investor uptake from UAE
by fresh and bold designs. Featuring just under nationals as well as ramped-up interest following
2,000 units in total, East Village is now 95% sold the successful opening of Madar at Aljada.
out. Launched in February this year by HH Sheikh
Valued at AED423 million, the full contract to build Dr Sultan bin Muhammad Al Qasimi, Supreme
East Village was won by Best Building Contracting Council Member and Ruler of Sharjah, Madar at
Company (BLDG CO – BEST – LLC) and involves Aljada has now welcomed well over a quarter of
the construction of 16 apartment blocks, set within a million visitors. The entertainment destination
a landscaped master plan. Work on East Village features a number of family-friendly attractions
will begin immediately and the first homes are including: popular food district Zad, which houses
scheduled for completion in December 2021. 17 different types of cuisine; a free drive-in movie
HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman theatre;
of Arada, said: “This is a key moment in the the Aljada Discovery Centre, which has been
development of this record-breaking project, designed by Zaha Hadid Architects; children’s
and is evidence of our determination to push adventure playground Playscape; and a skatepark.
construction forward at a number of areas within

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