Aldar Properties has signed an AED 1.1 billion forward purchase agreement with Arada to acquire nine residential buildings in Sharjah's Aljada development. The deal marks Aldar's first real estate investment in Sharjah and covers more than 1,100 units scheduled for handover in Q4 2029. The acquisition expands Aldar's develop-to-hold pipeline across sectors to AED 21 billion.
Aldar and Sharjah-based developer Arada have partnered on housing and mixed-use projects in Abu Dhabi valued at approximately Dh15 billion ($4 billion). The agreement includes a joint venture master community at Seih Sdeirah and Arada's acquisition of three residential plots on Yas Island. The deal marks Arada's first development presence in the Abu Dhabi market.
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