Aldar agrees AED 1.1 billion forward purchase of Arada homes in Sharjah
The deal covers more than 1,100 units across 9 buildings, with delivery scheduled for Q4 2029.
- Publish date: 2026-10-15
- Category: Standards & Policy
- Original source: Emirates News Agency (WAM)
- Reading time: 1 min read
Aldar announced an AED 1.1 billion forward-purchase agreement with Arada for 3 residential blocks comprising more than 1,100 units across 9 buildings in Aljada, Sharjah. The transaction is Aldar’s first real-estate investment in Sharjah and would expand its develop-to-hold pipeline to AED 21 billion, according to the report. Arada is to deliver the assets in Q4 2029 under the forward-purchase agreement. The deal builds on an earlier AED 15 billion development partnership between Aldar and Arada, which WAM reported as recently announced.