# 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.

- **Source date:** 2026-10-15
- **Original source:** [Emirates News Agency (WAM)](https://www.wam.ae/en/article/c2r7iws-aldar-acquires-nine-residential-buildings-sharjah)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ae-aldar-arada-aljada-forward-purchase-sharjah-20261015
- **Markdown:** https://voltformer.com/news/ae-aldar-arada-aljada-forward-purchase-sharjah-20261015.md

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.

[Emirates News Agency (WAM)](https://www.wam.ae/en/article/c2r7iws-aldar-acquires-nine-residential-buildings-sharjah)

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