Father and daughter plan 15B AED deals in Abu Dhabi
Arada Company and the Dar Group announced the signing of strategic partnership agreements valued at nearly 15 billion dirhams to develop large-scale real estate projects in Yas Island and Saadiyat Sadiya in Abu Dhabi. The agreements include the establishment of a mixed-use urban complex in Saadiyat Sadiya covering an area of up to 1.5 million square meters, focusing on villas, townhouses, retail stores, and entertainment facilities. Additionally, Arada has acquired three land parcels on Yas Island to develop premium residential projects, with a total area exceeding 27,500 square meters and a floor area of approximately 130,000 square meters. The partnership aims to expand housing options and boost Arada's growth in the Abu Dhabi market. This phase marks the beginning of broader cooperation between the two companies across various sectors and regions within the UAE.
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