Construction of the first residential phase of Masaar, Sharjah's woodland community project, is set to begin after two major contracts worth Dh460 million ($125m) were awarded.
The project will have 4,000 villas and townhouses in eight gate districts, and a “green spine” of 50,000 trees. It will cover an area of 19 million square feet.
A contact worth Dh228m was awarded by developer Arada to Kuwait’s Mohammed Abdulmohsen Al-Kharafi & Sons (Al-Kharafi) to build 142 villas in the Sendian district.
A second contract worth Dh232m was won by Sharjah-based contractor Intermass to build the remaining 288 homes in the Sendian district.
Arada said construction will begin immediately and work will take 14 months to complete. The entire Masaar master plan is expected to take seven years to complete, Arada said last year.
“These contracts are a key moment in Masaar’s journey to completion, and we have agreed [on] an accelerated construction programme with the contractor in order to deliver Sendian rapidly, efficiently and to an exceptional level of quality,” said Arada group chief executive Ahmed Alkhoshaibi.
The area will also feature an experience centre that is set to open in June, which will include a children's adventure playground, a skate park, an outdoor amphitheatre and Zad, the popular food district already present within Arada’s sister community Aljada.
In March, Arada awarded a Dh75m contract to Sharjah-based contractor Al Marwan General Contracting Company for infrastructure works at the central precinct and the buffer zone in Masaar.
Containing thousands of trees, the buffer zone will feature a two professional looped cycling and jogging tracks, each 6.6 kilometres in length.
A further Dh43 million contract for landscape works was awarded for the same areas in Masaar to Al Qalamoon Garden Designers, also based in Sharjah.
Arada said all homes in the Sendian district are now sold out, while homes in Masaar’s second phase, Kaya, were put up for sale in October 2021.
The developer will bring forward the launch of the third phase of the community to this quarter, “thanks to strong buyer demand”.
UAE currency: the story behind the money in your pockets
Notable Yas events in 2017/18
October 13-14 KartZone (complimentary trials)
December 14-16 The Gulf 12 Hours Endurance race
March 5 Yas Marina Circuit Karting Enduro event
March 8-9 UAE Rotax Max Challenge
Results:
Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.
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Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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Results
First Test, Brisbane: Australia won by 10 wickets
Second Test, Adelaide: Australia won by 120 runs
Third Test, Perth: Australia won by an innings and 41 runs
Fourth Test: Melbourne: Drawn
Fifth Test: Australia won by an innings and 123 runs
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Types of bank fraud
1) Phishing
Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
2) Smishing
The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
3) Vishing
The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
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Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
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Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
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Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
