Masaar 2 in Sharjah Sells Out for $1.52 Billion

Masaar 2
Masaar 2 in Sharjah Sells Out in Record Time

Arada sold out all four phases of Masaar 2 in just three hours. The forested master community launched today at 9am. By 12pm, buyers had snapped up all 2,000 homes for AED5.6 billion. Customers started queuing outside Arada’s sales centres at 2am. The demand made Masaar 2 the fastest-selling off-plan project in Sharjah and one of the fastest-selling in the UAE.

Masaar 2 Project Overview

Masaar 2 follows the success of the original Masaar megaproject in Sharjah’s Suyoh district. The community spans 10.5 million square feet. It offers serene woodlands, nature-inspired architecture, and world-class amenities. The development includes 2,000 contemporary homes, ranging from two-bedroom townhouses to five-bedroom villas. Each home is designed with luxurious finishes and thoughtful layouts to suit various family sizes.

Premium Amenities for Residents

Residents will enjoy exclusive amenities, including a swimmable forest lagoon with a waterfall. The master plan also includes sports and fitness facilities, a scenic jogging track, and an adventure trail. A community mosque, outdoor cinema, and 40,000 trees enhance the peaceful atmosphere of the development. The lush environment promotes a healthy and active lifestyle for all residents.

Construction Timeline and Future Plans

Arada will begin construction on Masaar 2 before the end of this year. The company plans to complete the first homes by 2027. Arada will finish the entire community, including all amenities, by 2028. With such rapid sales, Arada aims to deliver the high-quality homes and green spaces promised in the master plan.

Arada’s Commitment to Quality Communities

HRH Prince Khaled bin Alwaleed bin Talal emphasized Arada’s focus on creating people-centric communities. He also highlighted the strength of the Sharjah market and the UAE’s appeal to investors. The company’s focus on sustainable, family-friendly designs and prime locations continues to draw substantial demand in the real estate market.

Strong Demand Reflects Sharjah’s Growing Market

The significant interest in Masaar 2 mirrors the growth of Sharjah’s property market. Property sales in Sharjah rose by 40% in 2024, reaching AED40 billion. Investors are drawn to high-quality master-planned communities and recent changes allowing freehold property purchases. This reflects the increasing confidence in the Sharjah property market.