Arada Capital, the proposed fund management arm of developer Arada, has completed its incorporation in Abu Dhabi Global Market. The company has appointed Abdullah Mohammed Al Mazrui as an independent Board Member and Aastha Billore as Chief Investment Officer. Subject to receiving its Financial Services Permission, the firm targets USD 5 billion in assets under management within four years.
UAE property developer Arada has expanded into Saudi Arabia through a new joint entity, Arada KSA. Formed with lifestyle firm XTOPIA, the venture holds a SAR50 billion land bank covering 10 million square metres across strategic locations. Its debut scheme is a SAR14 billion residential master plan in north-east Riyadh comprising 3,500 homes.
Abu Dhabi developer Aldar has entered the Sharjah real estate market through an AED 1.1 billion transaction with Arada. The forward purchase agreement covers three residential blocks containing over 1,100 units across nine buildings in the Aljada master development. Scheduled for delivery in late 2029, the deal expands Aldar’s develop-to-hold investment pipeline to AED 21 billion and deepens its strategic partnership with Arada.
UAE-based master developer Arada has secured its first Australian planning approval from the NSW Department of Planning, Housing and Infrastructure. The decision permits construction of London Place, a 33-floor residential tower in Campsie, Sydney. The AED560 million project is the first of five developments planned by Arada in Sydney’s Inner Southwest, delivering 156 apartments alongside extensive community amenities by late 2029.
UAE developer Arada has expanded Australian tier-one contractor Roberts Co into the Middle East to strengthen its internal building operations. Integrated under the Arada Industries vertical, Roberts Co will embed construction expertise directly into early design stages across residential and social infrastructure projects. Its initial contract in the region will be Phase 2 of the Arada Central Business District within the AED35 billion Aljada project in Sharjah.
Abu Dhabi developer Aldar and Sharjah-based Arada have entered into a landmark strategic partnership worth approximately AED 15 billion. Marking Arada's entry into the Abu Dhabi property market, the agreement involves co-developing a 1.5 million square metre mixed-use masterplan at Seih Sdeirah and acquiring three residential plots on Yas Island to deliver premium lifestyle communities.
