Areej is a new mid-rise apartment complex located in Aljada, a community situated in Sharjah’s central Naseej District. Arada Developments LLC is the community’s primary developer. Construction on Areej started in 2018 and is expected to be completed in the first quarter of 2022. It will be surrounded by residential communities, commercial spaces, educational institutions, and entertainment facilities.
Areej offers properties for sale and rent. Studios and apartments feature floor plans with one- to two-bedroom layouts. Units range in size from 294 sq. ft. (27 sq. m) to 1,258 sq. ft. (117 sq. m). Properties are fully finished and have panoramic windows overlooking the park or boulevard. Residents can enjoy a variety of amenities, including:
Properties range in price from AED 320,000 (USD 87,000) to AED 1,020,000 (USD 278,000).
*The price is valid for 2021
The community of Aljada is located at the intersection of Sheikh Mohammed Bin Zayed Road and Al Dhaid Road. Residents have easy access to Dubai, public beaches, and Al Majaz Waterfront, which are located within a 20-minute drive of the complex. The community’s infrastructure is currently in the process of being built. Once finished, there will be several schools, a park, restaurants, and retail stores.
The area does not offer public transport at this time, so residents are advised to travel by personal car and taxi. The complex is located within a short drive of many city attractions, including:
The complex is also situated near Carrefour Market, Al Zahia Park, and Madar Aljada, which can be reached within walking distance.
Areej provides an ideal living environment for professionals and families with children. The area offers many affordable rental properties, and tenants can enjoy easy access to other parts of the city through the neighbourhood’s well-developed network of highways.
Aljada offers many profitable real estate investment opportunities, and residences are being sold as freehold properties, which is an advantage for international buyers. Investors can choose to purchase units to rent out, which can offer a good source of income. The annual rental rate for a unit at Areej ranges from AED 22,000 (USD 6,000) to AED 45,000 (USD 12,000).
*The price is valid for 2021
Sign up for our weekly newsletter for market updates!