Arada, the Sharjah-based property developer, has expanded outside its home UAE market with the launch of operations in Australia.
The developer has set up a new office in the Sydney suburb of Pyrmont, and is already planning multiple projects in Australia’s most populous city. Valued at AED 6 billion ($1.6 billion), Arada’s extended pipeline of projects will aim to contribute towards urban renewal required to address the current housing shortage in Sydney.
Adding over 2,500 homes to the Sydney housing market, sales and construction for Arada’s initial projects will begin in 2025. With significant land holdings, the sites will deliver extensive commercial and retail components, providing significant employment opportunities in the local community.
Since its inception, Arada has been led by its Australian-born Group Chief Executive Officer, Ahmed Alkhoshaibi, who is also spearheading Australian operations and business growth.
Ahmed Alkhoshaibi CEO – Arada
“Launching in Australia marks a pivotal moment for Arada as we continue to realize our vision of integrated residential communities that help people lead happier, healthier and more meaningful lives. Arada is passionate about delivering activated precincts that deliver a community-based approach to housing supply. Our initial projects in Sydney are strategically located within growth corridors, aligning with local government initiatives to expand housing near transport hubs and minimize strain on existing infrastructure. With a strong financial position, an impressive track record and a dedicated local team, we are poised to make a positive impact on our future residents and the communities we serve.”
In Australia, Arada will continue to deliver high-quality, diverse housing options that offer innovative facilities and amenities, alongside events and activations for residents and their friends to enjoy in the surrounding area. Its developments will feature premium amenities including green spaces, retail outlets and Arada’s own fitness and wellbeing offering, Wellfit, which focuses on providing active, healthy living for the whole family via state-of-the-art facilities.
Arada has partnered with globally renowned architecture practice Woods Bagot to design and deliver its vision to the Australian market.
Since its launch in 2017, Arada has launched six successful projects in both Sharjah and Dubai, with a combined sales value of AED 60 billion ($16 billion). These include Sharjah’s largest ever mixed-use megaproject, Aljada, the UAE’s first forested community, Masaar, and the ultra-luxury Armani Beach Residences at Palm Jumeirah.
