

Sharjah-based real estate developer Arada has awarded a AED1.5bn ($408m) contract for the main construction works on its W Residences project at Dubai Harbour.
The contract was awarded to the local Engineering Contracting Company.
The development comprises 490 branded residences across three towers.
The project's enabling works, including excavation and piling, have begun and are being carried out by another local firm, APCC Piling & Marine Contracting.
Arada has awarded APCC a separate AED51m ($14m) contract to undertake the enabling works.
The development will consist of residential, retail and leisure facilities and will be operated by US-based Marriott International.
Arada launched the project in October 2024, as MEED reported.
The latest contract award follows Arada's award of two contracts, worth AED2.7bn ($735m), for construction work on all four phases of the Masaar 2 residential community in the Rowdat district of Sharjah.
Arada awarded Sharjah-based Intermass Contracting a contract for the construction of phases one, three and four.
Abu Dhabi-based contractor Pivot Engineering & General Contracting won a contract to build the second phase of the project.
The overall scheme encompasses the construction of 1,997 residential units across all four phases.
Construction is expected to begin shortly, and the project is slated for completion by 2028.
Arada is the developer behind three masterplanned residential communities in Sharjah. The Aljada, Masaar and Nasma Residences communities are valued at a combined AED33bn.
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