Dubai-based master developer Arada is marking its first foray outside the UAE with the establishment of a new office in Sydney, Australia. This strategic expansion is set to address the ongoing housing shortage in Australia’s largest city, demonstrating Arada’s commitment to scaling its operations globally.
The developer has announced an initial AED 6 billion portfolio encompassing multiple residential and mixed-use projects across Sydney. The first of these developments is expected to begin sales and construction in 2025, bringing more than 2,500 new homes to the market. Alongside the residential units, the projects will also incorporate commercial and retail spaces, designed to foster vibrant, self-sustaining communities. The initiative is projected to create significant job opportunities, further boosting Sydney’s economic landscape.
Arada’s Sydney Launch
“Arada is passionate about delivering activated precincts that deliver a community-based approach to housing supply. “Ahmed Alkhoshaibi, Group Chief Executive Officer of Arada, stated, ‘We have strategically located our initial projects in Sydney 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,” Alkhoshaibi added, highlighting Arada’s readiness to contribute meaningfully to Sydney’s urban development.
Innovative Housing Solutions
Arada’s developments in Australia will offer a diverse array of housing options, complemented by innovative amenities designed to enhance residents’ lifestyles. Here’s the sentence in active voice: The projects will feature expansive green spaces, modern retail outlets, and Wellfit health facilities, creating a balanced living environment. The inclusion of regular community activations will further establish these developments as lively, engaging neighborhoods.
“The internationally renowned firm Woods Bagot, known for its forward-thinking and sustainable design solutions, will craft the architectural design for Arada’s Australian ventures. This partnership is expected to bring a unique and modern aesthetic to Sydney’s housing market.”
Arada’s Growth Trajectory
Arada has launched six major projects in Sharjah and Dubai since its inception in 2017, with combined sales reaching AED 60 billion. Notable developments include the Aljada megaproject in Sharjah and the Armani Beach Residences on Palm Jumeirah, both of which have set new standards in luxury and community living.
In 2023, Arada reported an exceptional 100% year-on-year increase in property sales, achieving AED 7.02 billion. To date, the developer has sold over 14,000 units, with 9,000 of these already completed. Here’s the sentence with added transition words: This track record not only underscores Arada’s ability to deliver high-quality developments but also reinforces its position as a leading player in the real estate market.
“Seeking to expand its global footprint, Arada is now entering the Australian market. Moreover, the company plans to leverage its proven track record in developing vibrant, sustainable communities in order to effectively tackle Sydney’s housing shortage.”
