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

Bitget2026/10/15 06:44

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ALDAR Properties PJSC published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/08 12:41