UAE developer Arada has reached a significant construction milestone by appointing Engineering Contracting Co. (LLC) as the main contractor for the W Residences at Dubai Harbour. The AED1.55 billion agreement covers the delivery of all three luxury towers within the waterfront development. With preliminary works already in progress, the project is set to provide 490 branded homes alongside a suite of high-end amenities.
Arada has entered the UK market with the acquisition of a 75% stake in London-based Regal. Rebranded as Arada London, the deal includes AED2.5 billion in investment to accelerate delivery of 10,000 residential units, with plans to triple the pipeline over three years.
Arada has awarded a AED2.18 billion contract to UNEC for the construction of Madar Mall, a landmark retail and leisure hub at the heart of Aljada in Sharjah, with completion due in 2028.
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