Al Dar and Arada form 15B AED partnership in Abu Dhabi

The Dar Group and Arad Company have signed strategic partnership agreements worth approximately 15 billion dirhams to develop real estate projects on Yas Island and Saadiyat Island in Abu Dhabi. The partnership includes the development of a multi-use urban complex in Saadiyat Island covering an area of up to 1.5 million square meters, focusing on villas, townhouses, and entertainment services. Additionally, Arad will acquire three plots of land totaling over 27,500 square meters on Yas Island to develop upscale residential communities. This marks Arad's first entry into Abu Dhabi's real estate development market and underscores their commitment to meeting the increasing demand for high-quality housing options in the region, with potential plans to expand this collaboration to include other areas and sectors across the UAE.

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