Arada Establishes Arada KSA for Saudi Expansion, Secures AED 49 Billion Land Bank

Arada, a leading master developer based in Sharjah, has announced its expansion into the Kingdom of Saudi Arabia with the establishment of Arada KSA. This new real estate development company, formed in strategic partnership with Saudi-based community and lifestyle firm XTOPIA, will focus on delivering large-scale residential communities across the Kingdom.

Mohammed AlDhabaan, Chairman of XTOPIA, has been appointed Chairman of Arada KSA, highlighting the local partnership's importance. Arada KSA has secured access to a substantial 10 million square metre land bank with a collective value of AED 49 billion. This land spans key strategic locations within Saudi Arabia, including Riyadh, Jeddah, and Makkah.

First Major Project in Riyadh

The inaugural project for Arada KSA is an AED 14 billion residential master plan located in the Al Rimal District of north-eastern Riyadh. This development is set to become one of the largest private real estate projects announced in the Saudi capital in recent years. The master plan, developed in collaboration with government authorities, will align with Saudi Arabia's housing vision and national development priorities.

Spanning approximately 2.5 million square metres, the Al Rimal project will feature an estimated 3,500 villas and townhouses. It will incorporate extensive green spaces, with plans for 100,000 trees, alongside world-class amenities such as a school, retail outlets, a community centre, and sporting facilities.

Funding for the Al Rimal project will be managed through a Capital Market Authority-regulated investment structure overseen by a licensed financial company. Both onsite construction and sales for this ambitious project are scheduled to commence in 2027.

This initiative supports Saudi Arabia's Quality of Life Programme, part of Vision 2030, aiming to enhance the liveability of Saudi cities. In Riyadh, this vision is further supported by the Green Riyadh programme, which plans to plant 7.5 million trees and increase green spaces significantly by 2030.