In partnership with The Big Heart Foundation (TBHF) and UNHCR, the UN Refugee Agency, Arada’s landmark ‘Home for a Home’ initiative has funded the construction of 757 homes that are currently housing 448 families within the Kakuma Refugee Camp in northern Kenya. Launched in 2022, ‘Home for a Home’ has allowed Arada to fund the construction of a home or shelter unit in the Kakuma refugee camp for every home sold at its communities in Sharjah during Ramadan. The initiative has also sponsored the development of water supply infrastructure benefiting more than 43,000 people in Kenya. Through the provision of cash-for-shelter this

AJMAL MAKAN Real Estate Development, a leading developer of urban and mixed-use developments, is all set to launch its most recent and exquisite real estate development – Al Thuraya Island – on the Sharjah waterfront. The project will be launched during an event organised by the company on June 8, 2024, at its headquarters in Al Hamriyah in the Emirate of Sharjah. Through this remarkable development, the company aims to raise the benchmark for quality of living on an island that provides the highest standards of excellence. Al Thuraya Island is an addition to the portfolio of AJMAL MAKAN’s integrated real estate

Following the success of its first three stores in Sharjah, popular Australian juice and smoothie brand Boost Juice is rapidly accelerating its UAE presence with three new prime locations in Abu Dhabi and Dubai, in partnership with master franchise agreement (MFA) holder Arada. The fast-growing brand’s first Abu Dhabi outlets are at Reem Mall on Reem Island and in Khalifa City. Boost’s debut Dubai store is located on Bluewaters Island, a vibrant seafront neighbourhood and social hotspot. The new sites build on Boost Juice’s existing presence in Sharjah, where master developer Arada launched the first location in the Aljada megaproject in 2023,

Impactful Sharjah government organization NAMA Women Advancement hosted a transformative NAMA Connect event at YourSpace, Aljada on 21 May. The event kicked off six insightful sessions at key Sharjah venues, and concludes 6 June. With a focus on creating communities that foster growth and opportunity, NAMA Connect provided a resourceful environment for women to access knowledge and opportunities. The day’s agenda covered a diverse range of topics, with industry experts leading engaging sessions on Financial Literacy, Artificial Intelligence, and Agribusiness. Attendees had the opportunity to explore a realm of possibilities as they gained valuable insight into these areas and their potential

Arada has consolidated its lifestyle assets into a separate division with new leadership as the master developer continues to see healthy growth outside its core residential business. The new Hospitality and Entertainment division incorporates a range of rapidly growing segments including Wellness, Hospitality, Arada’s F&B operations and Events. The new division is headed up by Amit Arora, Arada’s new Chief Operating Officer, who has recently joined the company from Erth Abu Dhabi. A hospitality veteran with 28 years of experience in the UAE, Germany and the US, Arora has previously held leadership roles at The Ritz-Carlton Hotel Company, Emaar Hospitality and

Alef Group, the leading real estate development company in the Emirate of Sharjah, has announced the handover of 819 residential units to customers at Al Mamsha, Souks’s zone. Issa Ataya, CEO of Alef Group said: “This milestone marks a significant moment in the growth of the community, and it's truly a testament to the remarkable development of Al Mamsha and Sharjah. “Customers and residents benefit from our unwavering commitment to exceptional quality.” He added: “Al Mamsha holds a special significance in Muwaileh, serving as a vibrant hub for residents and businesses alike. Its unique footprint in the area has not only transformed the

Arada has awarded two contracts valued at AED615 million to build all 565 homes in Azalea, the fourth phase of Masaar, the popular megaproject based in the Suyoh district of Sharjah. Valued at AED9.5 billion and containing 3,000 villas and townhouses spread over six phases, Masaar is defined by a 'green spine' of 70,000 trees, offering a nature-inspired lifestyle to its residents. Construction on Azalea will begin immediately and all homes will be completed and handed over by the end of 2025. The awards mean that over 1,500 homes in the second, third and fourth phases at Masaar are now under construction,

Arada has completed the first eight residential buildings in Naseej District, a new creative hub based at the AED35 billion Aljada megaproject in Sharjah. Each of the 920 homes in the eight Tiraz buildings is closeto an array high-quality cultural, artistic and retail destinations, including Il Teatro, a landmark performing arts space that has been designed by Japanese architect Tadao Ando. Featuring a range of studios, one-bedroom and two-bedroom apartments, the Tiraz buildings overlook courtyards and open spaces, and are linked to the rest of Naseej District by a lushly landscaped urban park. Smart home features come as standard across all

Binghatti Holding, a UAE property development company, will debut its US dollar sukuk in the “coming days,” subject to market conditions. The debut US dollar sukuk issuance, anticipated to be of benchmark size, is intended to have a three-year maturity and will support the company’s plans to diversify its funding base, a release stated. Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC, Mashreq, Sharjah Islamic Bank, and RAKBANK have been appointed as Joint Lead Managers and bookrunners on the contemplated inaugural debt capital markets transaction. Fitch Ratings recently assigned Binghatti Holding a B+ credit rating, with a positive outlook. Binghatti recently announced

Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has opened two new exhibitions, titled “Consciousness in Flux. Faig Ahmed” and “Hard Edges. Khalid Al Banna” at the Maraya Art Centre in Sharjah - a non-profit creative initiative by (Shurooq) that supports the region’s emerging and established artists. Both exhibitions will be running until 1st August 2024. The opening ceremony was attended by the CEO of Sharjah Investment and Development Authority (Shurooq), H.E. Ahmed Al Qaseer, as well as notable dignitaries from the art and culture sector of the UAE. In addition, representatives of the in-kind supporter Air