Aldar to Buy Nine Residential Buildings in Sharjah From Arada for AED 1.1 Billion

By Public Technologies
  • Aldar agreed to acquire nine residential buildings in Arada's Aljada development in Sharjah for AED 1.1 billion through a forward purchase.
  • The buildings comprise more than 1,100 homes, with delivery scheduled for Q4 2029.
  • The transaction marks its first real estate investment in Sharjah, expanding its develop-to-hold pipeline to AED 21 billion.
  • The acquisition builds on a previously announced AED 15 billion development partnership with Arada.


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