Arada awards AED475 million contract to build Vida Aljada hotel complex in Sharjah
- Gulf Asia Contracting winsdeal forfour premium buildings centrally located within Emirate’s largest lifestyle destination
- Complex contains175-room hotel, 255 branded residences and 149 serviced apartments
- Construction to begin immediately and is scheduled to take 30 months
Sharjah, United Arab Emirates: 12January2023–Arada has awarded a major contract to build the four buildings in the Vida Aljada hotel complex, which is located at the Aljada megaproject in Sharjah. The contract will result in the construction of the 175-room Vida Aljada hotel, as well as 255 branded residences and 149 branded serviced apartments, all of which are based in Aljada’s cultural district.
Valued at AED475 million, the contract to build the four buildings was awarded to Gulf Asia Contracting Company LLC (GAC), a Dubai-based contractor with extensive civil and industrial construction experience across the UAE, Saudi Arabia and Qatar. Work on the Vida Aljada complex will begin immediately and is scheduled to take 30 months.
Owned and developed by Arada and operated by Vida Hotels & Resorts, the Vida Aljada is the first of three Emaar Hospitality properties that will be built at Aljada, which include The Address Aljada and Rove Aljada.
Ahmed Alkhoshaibi, Group CEO of Arada, said: “We are confident that Vida Aljada and the further properties we are building in partnership with Emaar Hospitality will set a new benchmark for hospitality in Sharjah, significantly strengthening the tourism sector and adding value to the local economy.
“This is a major step forward in our mission to provide a world-class lifestyle and facilities for residents and visitors to the Emirate’s most exciting new destination. We have already witnessed extremely strong demand for this complex’s branded residences and serviced apartments, and we look forward to bringing the style, experiences and quality for which the Vida brand is well known to Aljada.”
Set in the heart of the AED24 billion Aljada master community, the Vida Aljada complex is superbly located along a lush green tree-lined boulevard that contains multiple shopping and dining experiences. The four buildings form part of Naseej District, a new cultural neighbourhood that also contains a world-class museum and makers’ district.
The Vida Aljada hotel and Vida Residences Aljada buildings focus on bold, modern social spaces in line with their sister properties in Dubai and the Vida Hotels and Resorts brand.Apartments are fitted with smart home features, a standard in all Vida Residences, alongside warm and simple designs with immaculate finishes. Each building is typified by the entrance lobby, a cosy and comfortable environment that encourages creativity and connection online and offline.
Spread over a 24 million square foot area, Aljada is Sharjah’s largest ever project and a transformational destination for the Emirate. Aljada contains numerous residential districts, as well as extensive retail, hospitality, entertainment, sporting, educational, healthcare components and a business park, all set within a green urban master plan.
Based in the UAE, Arada is a developer that has been created to build spaces and experiences that enrich, engage and inspire their residents. Our homes are exceptionally designed and are complemented with best-in-class amenities, all provided at an accessible price point. Arada was founded in 2017 by HH Sheikh Sultan bin Ahmed Al Qasimi and HRH Prince Khaled bin Alwaleed bin Talal, who serve as Chairman and Vice Chairman respectively, with the intention of delivering superior properties to the UAE real estate segment.
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For more information about Arada: www.arada.com