Aldar, Arada form AED 15 billion Abu Dhabi development partnership

By Public Technologies
  • Aldar entered a strategic partnership with Arada valued at about AED 15 billion, covering development opportunities on Yas Island and Seih Sdeirah.
  • Initial agreement sets up a joint venture to co-develop a mixed-use community on up to 1.5 million sq m at Seih Sdeirah.
  • Project is planned as a villa and townhouse community with retail and recreational amenities; Arada leads development and construction management.
  • Arada also bought three Aldar plots on Yas Island for residential projects; combined plot area exceeds 27,500 sq m.
  • The Yas Island sites total almost 130,000 sq m of gross floor area, forming the first phase of a broader collaboration.


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