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اقتصاد سكاي نيوز عربية
Al-Dar buys 9 Sharjah residentials
The "Al Dar" Group has purchased nine residential buildings in the Al Jada area of Sharjah for $300 million, marking their first real estate investment in Sharjah. Arada Company will handle the completion of construction work and deliver the units by the last quarter of 2029. The deal includes over 1,100 residential units and is part of a strategic partnership between the two companies valued at 15 billion dirhams, aimed at expanding "Al Dar's" presence in the residential real estate market in Sharjah and strengthening its portfolio, which is worth up to 21 billion dirhams. The area encompasses multiple projects featuring residential, commercial, and entertainment facilities, located near Sharjah and Dubai airports, with plans for full development to create a comprehensive community that meets both residential and commercial needs.
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