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Arada

Arada Overview

Founded in 2017 by Sheikh Sultan bin Ahmed Al Qasimi and Prince Khaled bin Alwaleed bin Talal, Arada is a prominent property developer headquartered in Sharjah, with additional operations in Australia.

Arada has a portfolio of AED 60 billion in projects across Dubai and Sharjah.

In Sharjah these include the Nasma Residences, the Aljada mixed-use mega-project and the a forested villa community Masaar.

Noteworthy projects in Dubai include Jouri Hills at Jumeirah Golf Estates, Armani Beach Residences on Palm Jumeirah and the W Residences at Dubai Harbour.

The company has developed a range of supporting brands including Wellfit gyms, Zad food truck parks and Manbat Emirati farmers’ markets.

Arada expanded internationally in 2024 with a AU$200 million investment in Sydney.

In 2024 Arada also raised $400 million through sukuk (Islamic bonds) to part fund its projects across the UAE. The sukuk order book reached $1.45 billion, 3.5 times oversubscribed, after strong demand from both regional and international investors.

The fundraising was the first issuance under Arada’s newly established $1 billion sukuk programme.

Arada News

The Sharjah skyline from Al Majaz waterfront

New law swells Sharjah real estate sales

The value of real estate transactions in Sharjah rose by nearly half in 2024, as the UAE’s third largest emirate attracted more foreign investment, three years after it loosened its real estate laws. The 2022 freehold law change, which allowed non-Arab expatriates to own property in the northern emirate, has seen the number of nationalities […]

Traffic on Al Wahda Street in Sharjah, the main route connecting to Dubai. Many Dubai workers commute from Sharjah

‘Safe’ Sharjah attracts Kuwaiti investors to $950m project

The emirate of Sharjah has been praised as “safe and business-friendly” by a Kuwaiti developer who has formed a partnership to develop a AED3.5 billion ($950 million) housing project in its burgeoning local property market. Talal Al-Bahar, vice-chairman and CEO of Kuwait Real Estate Company (Aqarat), said that investors were attracted to Sharjah because of […]

The growth in exercise and wellness among women in the UAE presents significant opportunities for fitness-related businesses in the region

Thriving women’s fitness market offers ‘significant potential’

Exercise rates among women in the Middle East are higher than the global average, creating opportunities for companies to tap into this underdeveloped market segment. Participation in intense physical activities among women in the Middle East has grown from 20 percent of the population in 2019 to 31 percent in 2024. That’s a much larger […]

The new brands, including a women's only club called FitnGlam, will be integrated into Arada’s existing wellness division

UAE’s Arada strengthens gym holding

Arada has finalised the purchase of three UAE-based gym brands, bringing its total number of premises operated across the Gulf state to 15. The real estate developer said that the women-only FitnGlam, boutique exercise hub The Platform Studios and recently launched health club Fitcode make its fitness and wellness division, Wellfit, worth more than AED1 […]

Arada's Masaar development features a 6.6km cycling track through woodland

Reforms pay off as Sharjah property market surges ahead

Successive reforms in Sharjah’s property market and sky-high rental prices in neighbouring Dubai are contributing to a surge in the price and popularity of the emirate’s rental properties. According to a report by property management firm Asteco, rental prices for the third quarter of 2024 in Sharjah increased 16 percent year on year for typical […]

The price of property on Dubai's Palm Jumeirah is only going to increase as less land becomes available

Lack of plots gives Palm Jumeirah added air of exclusivity

Palm Jumeirah, Dubai’s world-famous man-made island, is running out of undeveloped land. Developer Nakheel’s announcement earlier this week that it will pay nearly $500 million to Alec Engineering & Contracting to build the new 75-storey Como residential tower on Palm Jumeirah is bound to be one of the last of its kind. Since it will […]

Arada’s Australian-born group CEO Ahmed Alkhoshaibi will spearhead the Australian operations and business growth

Arada moves into Australia with first project set for 2025

UAE developer Arada is planning multiple projects, valued at AED6 billion ($1.6 billion) in Australia, adding more than 2,500 dwellings in Sydney, the country’s most populous city. The Dubai-based master developer announced that the first project will be launched next year, after opening its office in Sydney. Arada’s Australian-born group CEO Ahmed Alkhoshaibi will spearhead […]

Arada sukuk. Rendering of Jouri Hills project in Jumeirah Golf Estates. Investor interest in the sukuk was geographically diverse, with participation from Europe, the Middle East and Asia

Arada to part-fund projects from $400m sukuk

The real estate developer Arada has raised $400 million through sukuk (Islamic bonds) to part fund its projects across the UAE. The sukuk order book reached $1.45 billion, 3.5 times oversubscribed, after strong demand from both regional and international investors. The fundraising is the first issuance under Arada’s newly established $1 billion sukuk programme, the […]