Sharjah: 2,000 homes worth Dh5.6 billion sold out within 3 hours of launch

Master developer Arada sold out all four phases of its Masaar 2 project just three hours after the forested master community was launched for sale on Thursday.

Prospective customers began queuing outside Arada’s sales centres from 2am onwards and by noon, all 2,000 homes worth Dh5.6 billion 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.

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Masaar 2 follows in the footsteps of 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 have a swimmable forest lagoon with a waterfall, sports and fitness facilities, a woodland jogging track, an adventure trail, a community mosque and an outdoor cinema. The project will contain 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.       

“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,” said Prince Khaled bin Alwaleed bin Talal, Executive Vice-Chairman of Arada.

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.”