Real estate developer, ARADA, and the Sharjah Electricity and Water Authority (SEWA) signed a key partnership agreement to make the 223ha Aljada megaproject a fully self-sustained district in terms of energy consumption and infrastructure maintenance.
The agreement was signed by ARADA chairman, HE Sheikh Sultan bin Ahmed Al Qasimi, and HE Dr Rashid Al Leem, chairman of SEWA.
ARADAs partnership with SEWA will result in the construction of one 132 kilovolt (kV) substation at the north-eastern corner of the Aljada site. A further fifteen 33/11kV substations will also be built, guaranteeing power to every section of the community.
HE Qasimi said: We are delighted to have taken another vital step forward in the development of Aljada. This partnership with SEWA will ensure that residents, workers, and tourists to this destination will benefit from world-class, efficient electricity and transmission networks.
HE Leem said: This partnership is in line with SEWAs aim to support the development of Sharjah and to empower local companies. We look forward to working with ARADA to complete the construction of the substations and networks in a timely manner.
Over 500 units in Aljadas Phase 1 have been snapped up by buyers since its launch in early September, making the project Sharjahs fastest-selling residential community.
In October, ARADA launched the Anber Community, a collection of 84 villas and townhouses ideally located near the heart of the development. The Anber Community features a selection of stylish and spacious villas and townhouses, all with extensive gardens and direct access to a lush and landscaped private park. Buyers can choose from a wide variety of two-, three-, and four-bedroom residences, positioned close to Aljadas leisure and entertainment destination, the Central Hub.
With a gross real estate value of AED24bn, Aljada is ideally situated on the last major plot of undeveloped land in the heart of Sharjah, with connectivity to surrounding areas, and is an all-encompassing district that comprises considerable retail, leisure and entertainment options, in addition to a wide range of residential and commercial offerings.
Delivered in phases starting in 2019, construction on Aljada will begin in the first quarter of 2018 and the entire project is expected to be completed by 2025.