Arada Launches A$1.36 Billion Twin-Tower Project in Gold Coast, Australia

Sharjah-based developer Arada Group is expanding its international footprint with the launch of a A$1.36 billion (Dh5 billion) residential project in Broadbeach, Gold Coast, Queensland, Australia. This marks the company's first development in Australia outside of New South Wales.

Project Details

TheThe twin-tower development will feature nearly 1,000 residential units, offering a mix of one to three-bedroom homes. The two towers will be interconnected by a landscaped podium, providing residents with various amenities including a gym, swimming pool, sauna, steam room, library, and lounge areas. Also, the project will incorporate dedicated work-from-home spaces and 1,200 square metres of retail units.

Construction for the project will be undertaken by Arada’s internal construction unit, Roberts, which the company acquired last year to bolster its Australian operations.

Strategic Timing and Market Outlook

Completion of the Gold Coast project is targeted before the 2032 Olympic and Paralympic Games, an event anticipated to significantly boost demand for residential property across South-east Queensland. Arada highlighted the Gold Coast as one of Australia’s fastest-growing regions, benefiting from substantial population growth, interstate migration, and significant infrastructure investments, enhancing its appeal as a lifestyle destination.

This new venture contributes to Arada's growing portfolio in Australia, which now includes a pipeline of eight projects comprising over 5,000 homes across the country, following its entry into the Australian market in 2024.

Global Expansion and Diversification

Arada, a joint venture between KBW Investments and Sharjah-based Basma Group, has a global portfolio valued at Dh130 billion with over 55,000 homes across the UAE, UK, and Australia. The company recently unveiled a 172-apartment residential project in London in June, following its acquisition and renaming of Regal, a London-based mixed-use developer, to Arada London. The developer also plans to commence new projects in Dubai and Ras Al Khaimah this year and has diversified its business verticals in the UAE, including a majority stake acquisition in Abu Dhabi's Reem Hospital as part of a Dh2 billion commitment to expand its hospital portfolio.