Aldar and Arada Form AED15 Billion Partnership for Abu Dhabi Developments

Leading UAE real estate developers Aldar and Arada have formed a significant strategic partnership to undertake major development projects in Abu Dhabi, with a combined value estimated at AED15 billion (US$4.1 billion). This collaboration marks Arada's first entry into the Abu Dhabi market.

The initial agreements involve two key areas: a joint venture between Aldar and Arada for a large-scale mixed-use community at Seih Sdeirah, located on the Abu Dhabi — Dubai border, and Arada’s acquisition of three residential development plots on Yas Island.

Seih Sdeirah Mixed-Use Community

At Seih Sdeirah, the partnership plans to co-develop a substantial mixed-use community covering up to 1.5 million sqm of land. This project is envisioned as a villa and townhouse community, integrating retail and recreational amenities. Arada will lead the development and construction management, while branding and sales will be a joint effort between Aldar and Arada.

Yas Island Residential Projects

On Yas Island, Arada has acquired three development plots from Aldar for new residential projects. These plots, two of which are canal-facing, have a combined area exceeding 27,500 sqm and a total gross floor area of almost 130,000 sqm. This acquisition will allow Arada to develop premium residential communities, expanding Yas Island's existing residential offerings.

This partnership leverages Aldar’s extensive landbank and established development platform in Abu Dhabi with Arada’s expertise in delivering large-scale communities. Both companies have indicated that these initial transactions represent the first phase of their collaboration, with plans to explore further opportunities across various sectors and locations within the UAE.