VIDEO: Abu Dhabi developer Aldar enters Sharjah with $300mln investment in Arada project
Zawya · Staff Writer ·
Abu Dhabi’s Aldar has signed an AED1.1 billion ($300 million) forward purchase agreement with Sharjah-based developer Arada, marking its first real estate investment in the emirate
The transaction covers three residential blocks in Aljada, a mixed-use master development in Sharjah, and forms part of Aldar's develop-to-hold strategy, expanding its pipeline of income-generating assets to AED21 billion. Watch the Zawya video here:
VIDEO: Abu Dhabi developer Aldar enters Sharjah with $300mln investment in Arada project
Abu Dhabi’s Aldar has signed an AED1.1 billion ($300 million) forward purchase agreement with Sharjah-based developer Arada, marking its first real estate investment in the emirate