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Aldar to Buy Nine Residential Buildings in Sharjah From Arada for AED 1.1 Billion
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Aldar to Buy Nine Residential Buildings in Sharjah From Arada for AED 1.1 Billion
  • Aldar agreed to acquire nine residential buildings in Arada's Aljada development in Sharjah for AED 1.1 billion through a forward purchase.
  • The buildings comprise more than 1,100 homes, with delivery scheduled for Q4 2029.
  • The transaction marks its first real estate investment in Sharjah, expanding its develop-to-hold pipeline to AED 21 billion.
  • The acquisition builds on a previously announced AED 15 billion development partnership with Arada.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ALDAR Properties PJSC published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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