Days after launching Nest, a student housing scheme within the Aljada megaproject in Sharjah, developer Arada – a joint venture between KBW Investments and Basma Group – received HE Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, UAE Cabinet Member and Minister of State for Higher Education and Advanced Skills, at its headquarters in Dubai.
The minister met Arada’s vice chairman, HRH Prince Khaled bin Alwaleed, at the Arada HQ in Dubai Festival City.
Belhoul toured the Arada office accompanied by Prince Khaled and Ahmed Alkhoshaibi, CEO of Arada, during which the senior officials alos reviewed the construction progress made by Aljada, a $6.5bn (AED24bn), 220ha community in Sharjah.
During his visit, the minister was briefed on Nest, a 3.5ha complex that is expected to fill the gap for student accommodation in the region.
In a statement annoucing the minister's visit, Arada added that Nest is "being built to address the UAE’s need for more student accommodation as the country puts education at the heart of its national development programmes".
Following the project's launch, Arada told Construction Week that construction on Nest, which has a sales value of $190.6m (AED700m), will begin in Q1 2020, with handover due for the end of 2021.
Comprising 10 five-storey buildings, Nest will offer 1,288 studio, plus one- to eight-bedroom dormitories, alongside amenities such as laundry rooms, and entertainment and study areas.