UAE property giants Aldar Properties and Arada have established a $4.08 billion (AED 15 billion) joint real estate partnership, marking Arada's entry into the Abu Dhabi development market. The strategic collaboration features a joint venture to co-develop a 1.5 million-square-meter masterplanned community of villas, townhouses, retail, and recreational facilities at Seih Sdeirah near the Dubai border, with Arada managing construction while both companies handle branding and sales. Additionally, Arada acquired three prime residential plots on Yas Island from Aldar totaling nearly 130,000 square meters of gross floor area, with both developers signaling plans to expand their partnership across other sectors and locations within the UAE. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/