Arada Developments

Arada Developments is a master developer of prime residential properties aimed at the mid-market segment, primarily in the emirate of Sharjah in the UAE. The company has announced two projects: Nasma Residences, a master-planned community with more than 800 residences, and Aljada, an urban district occupying an area of 2.2 square kilometers, boasting a gross real estate value of USD 6.5 billion and a total population of approximately 70,000 individuals. In January 2022, Arada Developments entered into an agreement with Nakheel for the purchase of a beachfront plot of 20,500 square meters on the Crescent of The Palm Jumeirah for AED 240 million as part of its strategy to develop property elsewhere in the UAE. The company is planning a mixed-use project on Palm Jumeirah, which will contain residential, leisure and food and beverage elements.