Considering the COVID-19 issues, Sharjah's real estate market had enormous growth in the first five months of this year owing to increased demand The pandemic has established that Sharjah's real estate market is robust and prospering. In 2020, the industry grew by 5.1 % over 2019, with real estate sales reaching Dhs15.9 billion.

Arada, a property developer located in the UAE, has provided the first two contracts for Masaar, a 19 million square foot mega-complex in Sharjah's Suyoh neighborhood. The Dhs8 billion projects, which includes 4,000 villas and townhouses spread over eight gated communities inside a wooded and nature-filled master plan, were inaugurated in January of this year.

The contract for infrastructure design and supervision consultancy services at Masaar has been awarded to US engineering firm Parsons Overseas Limited, which will supervise all elements of infrastructure delivery for the project, such as roads, water, power, and drainage while guaranteeing full integration with the overall master plan.

ASGC Construction has indeed been granted the contract to construct the Masaar Experience Centre. Construction will commence and will take six months to finish. Masaar's first home, a five-bedroom display villa in the Sendian section of the community, would also be developed and finished being a part of the same deal towards the end of 2021.

“This is a watershed point in our journey at Masaar, a project which has been created to create a new standard of living, not just for Sharjah, but for residential neighborhoods across the region,” said Sheikh Sultan Bin Ahmed Al Qasimi, Chairman of Arada. We often see great demand for houses in the first phase of Masaar, which is consistent with Sharjah's real estate industry's great success in the first five months of this year.”

The Masaar Experience Centre, situated in the center of the master plan, would provide visitors and potential residents a taste of what living in the community should be like once it is completed. Its basic design language is inspired by Masaar's architecture, and also the openness of the façade provides a conversation between the interior spaces and the lush green countryside that surrounds the structure.

Masaar, which means "way" in Arabic, has been meticulously planned to help inhabitants alter their lives by advocating healthy living in conjunction with nature. Masaar's main feature, with over 50,000 trees, is a lushly landscaped and walking "green spine" that will also be activated by pavements, cycling tracks, quiet zones, and a variety of other athletic facilities.

Sales for the 445 houses in Masaar's first district, Sendian, began in January, and Arada expects to open the second phase of sales towards the conclusion of this year. Every property, varying sizes from two-bedroom townhouses to five-bedroom Sendian Park Villas, comes equipped with smart home amenities and is situated in the leisure and entertainment zone in the middle of Masaar. Sendian's first residences are expected to be built in the first quarter of 2023.

Masaar is conveniently placed in the burgeoning Suyoh region, near Tilal City, the Sharjah Mosque, and Arada's first building, Nasma Residences. The neighborhood is easily accessible via Emirates Road and Mleiha Road, and it is just a 15-minute drive from Sharjah International Airport and a 20-minute drive from Dubai International Airport. The position allows for a quick and easy trip from Sharjah to Dubai or the Northern Emirates.

Arada, based in the UAE, is a builder dedicated to creating communities that enhance, engage, and inspire their citizens. Our houses are wonderfully created and come standard with best-in-class features, all at an affordable price. Arada was created in 2017 by Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Basma Group, and HRH Prince Khaled bin Alwaleed bin Talal, founding Chairperson of KBW Investments, to provide exceptional homes to the UAE real estate market.

Meanwhile, a report released last month by Sharjah's Real Estate Registration Department, the emirate's real estate sector accomplished a transaction volume totaling Dhs 6.7 billion in the first quarter of 2021, reflecting an increase of 84.9 % over the first quarter of 2020. The overall amount of sales completed in the last three months totaled 20,448 transactions, a 10.3 % rise over the same timeframe last year. Additionally, the emirate's overall trading area touched 60.3 million square feet.