UAE developer Arada has obtained its first sustainability-linked Islamic financing facility worth $100 million from First Abu Dhabi Bank, supported by Italian export credit agency SACE. The transaction represents a key milestone in the company’s ESG-focused growth strategy.
The financing package is tied to specific sustainability performance goals, highlighting the increasing adoption of ESG-driven funding models within the UAE’s real estate sector. Arada said the facility will help advance its long-term expansion plans while supporting environmentally responsible developments.
The agreement also underlines the rising demand for sustainability-linked financing solutions across the regional property market, as developers continue to align funding strategies with environmental and operational objectives.
