UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...

UAE: Aljada's garden villa community's 114 villas are now complete thanks to Arada

 

UAE

At the Sharjah megaproject Aljada, Arada announced that it has started transferring ownership of 114 townhouses and semi-detached villas in the Sarab 2 garden villa neighborhood.

The only villas and townhouses in the Aljada masterplan are found in the two Sarab neighborhoods. At Sarab, a stove, hood, and washer/dryer are already built in every residence, along with smart home amenities.

"The prompt delivery of the high-quality homes in Sarab 2 allows homeowners to enjoy an exceptional lifestyle in homes inspired by nature in one of the most desirable locations at the rapidly expanding Aljada community," said Ahmed Alkhoshaibi, group CEO of Arada.

While both Sarab communities are situated in quiet, remote areas of Aljada, they are only a short stroll from Madar, the fastest-growing leisure and entertainment hub in the UAE with a 1.9 million square foot complex built by Zaha Hadid Architects.

Following the completion in December of 2,473 apartments at the upscale student housing complex Nest and an additional 1,600 homes in the city's East Village neighborhood, the Sarab 2 villa community brings the total number of completed residences at Aljada to over 5,500.

In October 2021, Dubai-based RAQ Contracting received the contract to construct Sarab 2.

Aljada is the largest project Sharjah has ever undertaken, covering a 24 million square foot area, and is valued at AED 24 billion. It will revolutionize the Emirate. Aljada has many residential areas, as well as a commercial park, as well as a wide range of retail, restaurant, entertainment, recreational, educational, and healthcare facilities, all arranged within a lush, pedestrian-friendly master design. 

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