Four hotels, three schools, a business district, a mall, tree-lined avenues and an entertainment complex designed by the acclaimed Zaha Hadid Architects. Welcome to the megaproject that represents a new era for Sharjah.
Aljada, a sprawling 2.2-square kilometre site close to the emirate's airport, universities and the E311 motorway, is now about 30 per cent complete with major elements such as the mall and business district still to be built.
But the development is already buzzing and not just with its own residents. Aljada, which loosely translates as “the district”, has become a destination for people from across the UAE, who come to enjoy its cafes, farmers market, outdoor cinema, restaurants, supermarkets, skateparks and bike paths. There is even a shop selling Emirati farm produce.
Aljada is a very interesting project; very complex and challenging. There is a story behind every spot of this project
Maher Metraji,
Arada
To get a sense of how transformational Aljada could be and why so many people are already spending time there, The National was invited to tour the site, given a rare look inside the major construction areas and shown renderings of the mall that have not been released before.
“In the Sharjah real estate market, we say there is a phase before Aljada and a phase after Aljada,” said Maher Metraji, senior development director at Arada, who is responsible for delivering the project. “Because we have set not only a new standard but a very high standard of how a master development should look; what should it include; how it should be designed; how it should be executed; and handed over.”
Building a destination
Construction of what Arada describes as Sharjah’s largest-ever mixed-use project began in 2018.
In 2020, the first phase of its Madar entertainment complex opened, featuring a skatepark and food district.
Despite the challenges of the Covid-19 pandemic with its stay-at-home measures and travel bans, Aljada welcomed more than a million visitors in its first year and by the start of 2021, people were moving into the first homes.
By the end of 2023, it is expected 12,000 people will live in the self-contained city.
There is also a nursery for the trees that line its roads. The trees are indigenous where possible and old ghaf trees that were growing on the site when it was just a remote patch of sand have been preserved.
“When you drive to Aljada, you can see parks, gyms, pools, open cinemas, jogging tracks, shops, restaurants – everything you would require whether you live here or visit,” said Mr Metraji.
“That is very interesting to us – that we have built a destination and not just projects.”
Aljada will also be home to what Arada say will be Sharjah’s largest gym. It is just a few months from opening and an army of workers are racing to complete the job. Located in the Madar entertainment district, the 6,038-square metre facility will have an elevated running track winding around the outside.
A trampoline park managed by Bounce will open beside it.
Construction of the mall will start next year, and while Arada are tight-lipped about what will be inside, the developer said it is going to be something special.
Renderings shown to The National reveal a series of futuristic, curved buildings surrounding an observation deck. It will also feature a “showpiece water feature”.
“We are so excited to start this as soon as we can because it is going to be another transformation … not just for Sharjah but the public of the UAE,” said Mr Metraji. “Trust me: it is going to be wow.”
Green spine
The scope of Aljada does not stop there. Four hotels will be built including a Rove, Address and Vida with construction of the Vida already under way.
The central business district, a network of about 40 buildings, has ambitions to be the new commercial centre of Sharjah. Construction is expected to start next year and is styled as the region’s first “post-pandemic business district”.
A striking feature is its “green spine” of trees along with shaded paths, green terraces and spaces for outdoor meetings.
“In Sharjah there is no [specialised] business district,” said Mr Metraji. “This is where we find it very interesting to develop such a product and introduce it to the market. And we are sure this will contribute to the business success of Arada and Sharjah.”
Arada, a venture between KBW Investments – a company controlled by Prince Khaled bin Alwaleed and Sharjah's Basma Group launched in 2017.
Arada has unveiled three master communities in Sharjah – Aljada, Masaar and Nasma Residences. It also bought land on Dubai’s The Palm Jumeirah for Dh240 million but construction has not begun.
For those wishing to purchase a property in Aljada, units are freehold. This is part of a wider trend in Sharjah that started in 2014 when all nationalities were allowed to buy in the emirate in certain areas on 100-year leasehold.
By 2022, Sharjah allowed freehold to all nationalities. This encouraged a more diverse mix of investors, helped development expand beyond the historic centre and also eased some of the traffic issues in central Sharjah.
Major infrastructure development undertaken by the Sharjah government, such as the Al Badee interchange works that eased a bottleneck on the E611, have also helped in this regard.
Arada said projects in Sharjah were also boosted by rising populations in both Sharjah and neighbouring Dubai. In July it reported a 186 per cent increase in sales during the first half of this year. It sold 1,616 homes worth Dh4.26 billion ($1.16bn) in the first six months. Apartments cost around Dh786,000 to buy, while rent for a two-bed starts at around Dh55,000.
“It has always been the case that whenever the Dubai market does well, it has an effect on Sharjah as well,” said an Arada representative. “We see the effects of that over the past couple of years.”
The entire Aljada site has a total sales value of Dh24 billion (a construction cost was not revealed) and will ultimately have 25,000 residential units of which most are apartments.
As of July, more than 6,000 residential units, the first school, the first phase of Madar, the student housing community of 12 buildings and the first prime retail spaces have been completed.
Arada said residential investors are primarily Emiratis, other Gulf nationals, Indians, and then Europeans, Australians, Britons, Americans and other nationalities.
It is a similar picture when it comes to renting and people commute to other emirates from Aljada.
Cars are still the only way to get to the development but it is expected that public buses will stop at Aljada in the future. The project is set to finish in 2028, when it will have 75,000 residents.
Arada says Aljada is “transformational” for Sharjah as it is the first master development that looks to the future but also tries to incorporate some of its past.
For example, some of the buildings took inspiration from the Al Khan historic neighbourhood where buildings are grouped together in a certain way to channel the wind and keep them cool.
Today, much of the development still lies ahead, But as Mr Metraji, a veteran of the megaproject game who worked on Dubai Mall, drives around the site his passion for helping to deliver what is undoubtedly a new era is clear.
“Aljada is a very interesting project; very complex and challenging,” he said. “There is a story behind every spot of this project. I'm proud.”
Madar at Aljada opens in 2020 – in pictures
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD%204
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UAE currency: the story behind the money in your pockets
Results
%3Cp%3E%3Cstrong%3EStage%206%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Tim%20Merlier%20(BEL)%20Soudal%20Quick-Step%20%E2%80%93%203hrs%2041min%2012sec.%3Cbr%3E2.%20Sam%20Bennett%20(GBR)%20Bora%20%E2%80%93%20Hansgrohe%20%E2%80%93%20ST%3Cbr%3E3.%20Dylan%20Groenewegen%20(NED)%20Team%20Jayco%20Alula%20%E2%80%93%20ST%3Cbr%3E%3Cstrong%3EGeneral%20classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders%20%E2%80%93%209sec%3Cbr%3E3.%20Pello%20Bilbao%20(ESP)%20Bahrain%20Victorious%20%E2%80%93%2013sec%3C%2Fp%3E%0A
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Japan 30-10 Russia
Tries: Matsushima (3), Labuschange | Golosnitsky
Conversions: Tamura, Matsuda | Kushnarev
Penalties: Tamura (2) | Kushnarev
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
More from Neighbourhood Watch:
Set-jetting on the Emerald Isle
Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)
More from Rashmee Roshan Lall
Places to go for free coffee
- Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.
- La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
- Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
- Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
Itcan profile
Founders: Mansour Althani and Abdullah Althani
Based: Business Bay, with offices in Saudi Arabia, Egypt and India
Sector: Technology, digital marketing and e-commerce
Size: 70 employees
Revenue: On track to make Dh100 million in revenue this year since its 2015 launch
Funding: Self-funded to date
'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now