Latest news with #Masaar2
Al Etihad
31-07-2025
- Business
- Al Etihad
Arada sees sales more than triple to Dh9.15 billion in H1 2025
31 July 2025 17:20 SHARJAH (WAM)Arada has reported a tripling of sales during the first half of 2025 to Dh9.15 billion as healthy demand for premium residential property continues to lift markets across the UAE. The master developer saw a 336% increase in the value of property sold at its projects in Dubai and Sharjah, driven by major launches and increasing interest in existing master planned total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. Arada's best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai in May, and the 2,000 villa and townhouse community Masaar 2, which was launched in Sharjah in February and sold out in just three Royal Highness Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said, 'At Arada, we have always believed that when people and spaces connect with purpose, the results can be transformational. That philosophy has guided every community we've built, and the exceptional performance we've seen in the first half of this year proves that a long-term, people-first strategy consistently delivers meaningful value for residents and investors alike.'Group CEO of Arada, Ahmed Alkhoshaibi, said, 'We're looking to build on the excellent sales results from the first six months of the year by launching a further three projects across the UAE in the second half of 2025, which will together total around 5,000 new homes. In addition, as we gear up for the launch of our first projects in Australia, we will continue to identify new opportunities and partnerships not just in the UAE but overseas as well.'Arada's sales figures have been bolstered by the strong performances of property markets in both Sharjah and Dubai. Recent data issued by the Sharjah Real Estate Registration Department showed a 48% rise in the value of property sold in the six months of 2025 to Dh27 billion, compared to the same period a year Dubai continued to cement its position as a global property hotspot, with a 25% increase in the value of real estate sold to Dh431 billion. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over Dh90 billion. In total, Arada has sold over 17,000 units since inception, valued at over Dh29 billion, with over 10,000 units completed.
Sharjah 24
31-07-2025
- Business
- Sharjah 24
Arada sees sales more than triple to AED9.15 billion in H1 2025
In total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. Arada's best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai in May, and the 2,000 villa and townhouse community Masaar 2, which was launched in Sharjah in February and sold out in just three hours. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'At Arada, we have always believed that when people and spaces connect with purpose, the results can be transformational. That philosophy has guided every community we've built, and the exceptional performance we've seen in the first half of this year proves that a long-term, people-first strategy consistently delivers meaningful value for residents and investors alike." Expansion plans Ahmed Alkhoshaibi, Group CEO of Arada, said: 'We're looking to build on the excellent sales results from the first six months of the year by launching a further three projects across the UAE in the second half of 2025, which will together total around 5,000 new homes. In addition, as we gear up for the launch of our first projects in Australia, we will continue to identify new opportunities and partnerships not just in the UAE but overseas as well.' Arada is targeting full-year sales totalling AED15 billion, while the master developer is also on track to complete and deliver 2,000 homes this year. Earlier this month, Arada successfully concluded its latest visit to the global financial markets with the closure of a $450 million sukuk. Arada's sales figures have been bolstered by the strong performances of property markets in both Sharjah and Dubai. Recent data issued by the Sharjah Real Estate Registration Department showed a 48% rise in the value of property sold in the six months of 2025 to AED27 billion, compared to the same period a year previously. Meanwhile Dubai continued to cement its position as a global property hotspot, with a 25% increase in the value of real estate sold to AED431 billion.
The National
19-06-2025
- Business
- The National
UAE investors warn about red flags to avoid in a property transaction
Gunjan Chaurasia, a Dubai resident since 2006, purchased a four-bedroom villa in Sharjah's Masaar 2 community for more than Dh4 million ($1.08 million) in March. The project is scheduled to be delivered in 2027. The Canadian, 41, decided to buy based on the project's amenities and facilities, developer Arada's credentials and infrastructure around the community. She also owns apartments in Dubai's Jumeirah Lakes Towers, India and Canada. Citing the biggest red flag to a property purchase, she says if something sounds too good to be true, it probably is. If a property is big in size, but comes at a very low price point, then there is a hidden issue that you're not aware of, she warns. 'Another issue is that a lot of buyers look at the price of the unit, but don't look at the service charges. Also, always check the price per square foot. A unit may be very reasonably priced, but the area may be small,' she says. 'Always go for a good location and a good building. You need to check for plumbing and do a thorough inspection, but I wouldn't be too concerned about the cabinet colour, for instance, because these issues can be fixed. Most importantly, check the surrounding infrastructure, facilities and amenities such as schools, hospitals, entry and exit points.' Last month, a report by New York-based Fitch Ratings predicted that Dubai's real estate market would enter a 'moderate correction' in the second half of 2025 as a record number of projects launch. The ratings agency also estimated that residential prices could fall by as much as 15 per cent this year. However, industry experts remain confident in the market's potential, citing Dubai's record population growth, continuing housing demand and maturing real estate sector as indicators that any correction will likely be moderate. Clarity of purpose Ms Chaurasia urges buyers to always think about the reason behind their property purchase. Agreeing with her, P.P. Varghese, head of professional services at Cushman & Wakefield Core, says that for investment purchases, the decision framework should follow yields. The rule of thumb is straightforward: if your rental yield can cover your mortgage, you have a sustainable foundation. If the rent cannot cover your mortgage payments, the investment must make sense purely as a capital appreciation play, he says. The ideal scenario combines sufficient yield to cover the mortgage with surplus cash flow, plus capital appreciation potential, he reckons. For end-use purchases, Mr Varghese urges buyers to start by identifying their purchasing power, then take a look at whether that price point can achieve their dream home. Ms Chaurasia warns buyers not to overleverage and have a financial backup to service their mortgage in case of an emergency. Have an idea of what percentage of your income you can commit towards housing, she adds. Developer's track record Similarly, Elena Yurgeneva, a property owner, deters people from buying from a developer with no proven track record in the UAE. 'If you can't physically visit or verify their previous projects, it becomes very hard to assess build quality, delivery timelines, or even how reliable they are in honouring handover commitments,' she says. Citing a 'regrettable investment' in the Golf Views project by Seven Tides, Ms Yurgeneva says construction has been delayed multiple times and is currently stalled. 'The project has been frozen at least twice since my purchase, and to date, there's no clear communication or visible progress on site. It's a painful reminder that even projects that look promising on paper can face serious execution risks,' she warns. When purchasing property anywhere in the world, including the UAE, buyers should watch for red flags across all stages of the transaction. These could manifest as disparities between listings and viewings, poor maintenance and high-pressure sales tactics, among others. Inspect broker credentials Even within Dubai's structured and well-regulated real estate market, the margin for error lies in process shortcuts, documentation gaps and intermediary inconsistencies, explains Farooq Syed, chief executive of Springfield Properties. 'In Dubai, all brokers are required to be licensed by the Real Estate Regulatory Agency. Buyers should always request the broker's Rera ID. A lack of transparency around this, refusal to facilitate physical viewing, or reliance on heavily staged or misleading visuals should be treated as a red flag,' he warns. 'Payment channels are equally non-negotiable. In the off-plan segment, the project must be officially registered with the Dubai Land Department, and all payments are to be made directly to the project's escrow account. For resale transactions, payment must be made directly to the seller, not to the broker or any third-party entity.' Unpaid service charges Zacky Sajjad, director of business development and client relations at property consultancy Cavendish Maxwell, picks legal issues such as unpaid service charges, unresolved mortgages, or invalid power of attorney as some risks, and also building-level concerns like developer or owner's association disputes, excessive service charges, and incomplete utility connections. He also urges caution dealing with offshore ownership structures. To mitigate these risks, buyers should always engage a licensed conveyancer or valuer, insist on official Rera forms and no-objection certificates, and verify the property's legal ownership, title deed and presence of any mortgage or disputes by scanning its QR code through the DLD or the Dubai Rest app, Mr Sajjad recommends. Request a formal, RICS-compliant or bank-approved valuation before agreeing to the price, he adds. Also, inspect the property in person to confirm condition, maintenance and ensure everything is as per the listing. Understand total cost of ownership One of the biggest risks for any buyer is pricing decisions driven by sentiment rather than data, Mr Varghese warns. Valuations should be anchored to recent comparable sales, rental yields and projected supply, particularly for off-plan properties, he explains. Buyers must also remember that the total cost of ownership extends beyond service charges to include maintenance reserves, insurance, potential major repairs (especially for older buildings), while for new developments, it includes community fees, sinking funds and utility connections, according to Mr Varghese. 'For investment properties, factor in vacancy periods and property management costs. These hidden costs can significantly erode returns if not properly accounted for upfront,' he says. Confirm handover timelines Mr Syed of Springfield Properties says completion dates must be clearly defined and contractually stated in off-plan deals. A lack of specificity around handover timelines should be treated as a material risk, he warns. 'In investment properties, tenancy terms must be reviewed. Properties with unpaid rents, invalid eviction notices, or leases that fall short of the legal 90-day notice requirement may lead to complications post-transfer,' he says. 'Similarly, unauthorised modifications, particularly in villas, should be reviewed closely. A snagging expert can help identify defects or alterations not captured in the marketing narrative.' Consider area development Mr Varghese warns buyers not to avoid undertaking due diligence on area development. Understand the broader area's development pipeline, as oversupply can hurt both rental yields and capital appreciation, he says. Research infrastructure development plans, new transport links, and zoning changes that could enhance or diminish property values over your intended holding period, he adds. 'Beyond price, buyers should negotiate holistically: payment schedules, escrow arrangements, delivery guarantees, and any fit-out or completion obligations can carry substantial financial implications and should be scrutinised as part of any transaction,' he suggests. Tips for non-resident UAE investors While there are no hidden fees for non-resident UAE investors, broker commission, DLD registration and trustee fees apply as standard, Mr Syed says. However, he warns that paperwork requirements can be extensive and processing may take longer due to additional documentation. Mortgage access remains limited for non-residents, and timelines may be affected depending on nationality, financing method and complexity of regulatory approvals, he explains. Cross-border fund transfers may also be subject to regulatory or institutional constraints, he adds.
Zawya
28-02-2025
- Business
- Zawya
Sharjah: Arada sells out $1.52bln Masaar 2
SHARJAH: Arada sold out all four phases at its Masaar 2 project just three hours after the forested master community was launched for sale at 9am today. Prospective customers began queuing outside Arada's sales centres from 2am onwards and by 12pm, all 2,000 homes with a total valuation of AED5.6bn had been snapped up, making Masaar 2 by far the fastest-selling off-plan project in Sharjah, and one of the fastest-selling projects in the UAE overall. 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.
Sharjah 24
27-02-2025
- Business
- Sharjah 24
Arada sells out AED5.6bn Masaar 2 just 3 hours after launch
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.
