Information about Arada Real Estate Development Company and its most important projects in Dubai

Overview of Arada Real Estate Development Company

Arada operates in the field of real estate development, headquartered in Dubai. It is a private company ranked among the fastest-growing and most innovative real estate developers in the Arab region.

Arada Real Estate Development Company was established in 2017 in the United Arab Emirates, resulting from a constructive collaboration between two of the most prominent Gulf businessmen: His Highness Sheikh Sultan bin Ahmed Al Qasimi, Chairman of the Board, and His Royal Highness Prince Khaled bin Alwaleed bin Talal, Vice Chairman of the Board.

Today, the company has a large workforce and has achieved high financial revenues in recent years, making it a prominent player among real estate development companies operating in the UAE.

Market Value of Arada Real Estate Development Company

There is no clear information about the market value of Arada Real Estate Development Company, but it is evident that the company achieved significant jumps in its real estate revenues during 2022, reaching 92.02% year-on-year growth, especially with the expansion of its projects in Sharjah. The company’s revenues amounted to 2.48 billion AED (676.16 million USD) in 2022, compared to 1.29 billion AED (352.13 million USD) in 2021.

Arada also announced that its sales doubled in 2023 to reach 7.02 billion AED, with a 100% increase in the total value of properties sold compared to the previous year. In 2023, it sold 2,824 homes, an increase of 25% over the previous year.

Mr. Ahmed Alkhoshaibi, CEO of Arada Group, stated that his company has sold more than 13,000 real estate units with a total value of 16.3 billion AED since its inception in 2017.

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Most Famous Projects of Arada Real Estate Development Company

Among the most important projects of Arada Real Estate Development Company in the UAE:

• Armani Beach Residences on Palm Jumeirah: A hotel offering new standards of luxury accommodation, located on the famous artificial Palm Jumeirah Island in Dubai, considered one of the most prestigious residential areas in the world.
• Jouri Hills within Jumeirah Golf Estates in Dubai, announced by the company in 2022. It consists of 294 luxury villas and townhouses, with two commercial complexes.
• Aljada Project in Sharjah, which covers an area of 24 million square feet, including 250,000 square meters of green spaces. It features many upscale residential projects with modern lifestyle standards, as well as leasable commercial spaces, a commercial boulevard, 500,000 square meters of luxury office spaces, an entertainment center, 3 schools, and 4 hotels, making it one of Arada’s key projects.
• Masaar Project: Comprising eight gated communities centered around a green hub with more than 50,000 trees, offering a highly sophisticated lifestyle in Sharjah.

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Social Responsibility

Arada has also had a strong presence in various humanitarian fields wherever possible. Among its most notable social responsibility initiatives:

• Gaza Support Campaign: Held in October 2023, in cooperation between Arada and The Big Heart Foundation, raising 600,000 AED for the “Tarahum for Gaza” campaign launched by the UAE to aid those affected by the war in the sector.
• “A Home for Every Home” Campaign: Launched by Arada during Ramadan in March 2022, in collaboration with the UNHCR, aiming to provide housing for about 2,000 refugees and clean water resources for more than 43,000 people in northern Kenya.

The idea of this campaign was that Arada would build a home for a needy family on behalf of any client who purchased a home in the Masaar project from Arada during the holy month of Ramadan. The second edition of this humanitarian initiative was also launched in Ramadan 2023.

• Additionally, Arada supported families affected by the Turkey and Syria earthquake in February 2023.
• Donated to victims of the Beirut port explosion in August 2020.
• Provided donations to Kerala, India, during the COVID-19 pandemic.
• Supported distance learning during the COVID-19 pandemic in cooperation with the Sharjah Private Education Authority, providing 1,000 laptops to help needy students with remote learning.
• And other important initiatives that add to Arada’s record in humanitarian work.

Awards and Recognition

Regarding the latest awards won by Arada Real Estate Development Company, Arada was recently honored for its efforts to promote sustainability principles in its projects, winning the title of “Sustainable Developer of the Year” at the Bayut Awards 2023. This recognition was for Arada’s outstanding management of natural resources, including providing more than 50,000 trees in the Masaar community alone, which also features a massive tree nursery in the Aljada mega community, where more than 50 species of adaptable native plants are cared for. Other important roles include providing a modern water treatment plant in Aljada, and various initiatives to develop Aljada as one of the region’s leading smart cities.

Arada was also listed for the first time among the top 500 companies in the Arab world, ranking 193rd according to the prestigious Fortune 500 Arabia list, which ranks companies from 22 Arab countries in the Middle East and North Africa based on their revenues.

In 2022, Arada ranked fourth among the largest real estate developers in the UAE, and eighth in the region overall.

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