Arada sells out AED5.6bn Masaar 2 just 3 hours after launch

Sharjah 24

27-02-2025

The hotly anticipated Masaar 2 follows in the footsteps of the hugely successful Masaar megaproject in the Suyoh district of Sharjah. Spanning 10.5 million square feet and featuring
serene woodlands, nature-inspired architecture and world-class amenities, Masaar 2 contains 2,000
contemporary homes,
ranging in size from two-bedroom townhouses to five-bedroom villas.
Residents of Masaar 2 will enjoy a variety of premium amenities, including a spectacular swimmable forest lagoon with waterfall, the standout feature of the master plan. Other amenities include sports and fitness facilities, a scenic woodland jogging track, an adventure trail, a community mosque and an outdoor cinema, all designed within a serene and exclusive landscape that contains 40,000 trees.
Construction at Masaar 2 will start before the end of the year. The first homes are scheduled for completion by the end of 2027, and the full community with all its amenities will be completed by 2028.
HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said:
'The original Masaar has been one of the UAE's most transformative communities, seamlessly blending a forested landscape with an urban master plan and it is no surprise to see the exceptional level of interest in Masaar 2, which also reflects the impressive strength of the Sharjah market, and the wider interest in the UAE as an exceptional investment destination overall. With Masaar 2, we are again reinforcing Arada's commitment to delivering high-quality, people-centric communities that enhance residents' wellbeing.'
Ahmed Alkhoshaibi, Group CEO of Arada, said: 'The first iteration of Masaar has been one of the UAE's most popular off-plan success stories of recent years, with both homeowners and investors alike praising the high quality of the finished homes, the good capital appreciation and impressive return on investment. We've been receiving daily requests about a second Masaar project since the original version sold out, and the significant pent-up demand in the market has resulted in the record-breaking sales that we have seen today.'
The strong buyer demand for Masaar 2 reflects the wider investor interest in the Sharjah property market, with the total value of sales in 2024 rising year on year by 40% to AED40 billion. Interest is being driven by recent changes to allow all nationalities to buy property on a freehold basis, the delivery of high-quality master-planned communities, particularly in the New Sharjah area, and the rise in real estate values in neighbouring markets such as Dubai.
Masaar 2 is located in the Rowdat district of Sharjah, close to Masaar and Arada's first project, Nasma Residences. The community has easy access to Emirates Road and Khorfakkan Road, and is 15 minutes' drive from Sharjah International Airport, and 30 minutes' drive from Dubai International Airport.
Highlighting Masaar's significance as a landmark development, HH Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, toured the community in September 2024, where he reviewed the newly completed homes and experienced firsthand the exceptional woodland amenities that have set a new standard for residential living in the emirate.
Launched in 2021, the first Masaar community was the first major post-pandemic off-plan project launched in the UAE. Totalling 3,000 homes spread across a 19 million square foot forested master plan, its six phases sold out rapidly due to buyer interest in its nature-led design, lush landscaping and the promise of an active, healthy lifestyle. Half of the first Masaar has already been handed over, with the entire community scheduled for completion by the end of 2026.