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Aldar Properties, Arada Enter AED15 Billion Abu Dhabi Development Partnership

MT Newswires·09/30/2026 03:20:54
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03:20 AM EDT, 09/30/2026 (MT Newswires) -- Aldar Properties (ADX:ALDAR) is collaborating with Arada to explore development opportunities on Abu Dhabi's Yas Island and at Seih Sdeirah. The 15 billion-Emirati-dirham partnership includes a strategic master plan joint venture between the property companies to develop a large-scale mixed-use community across up to 1.5 million square meters of land in Seih Sdeirah, according to a Wednesday release. Separately, Arada acquired three development plots spanning 27,500 square meters on Yas Island from Aldar for new residential projects.