Dubai originated property developer Arada has announced its first international expansion outside of the 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 the Australian city.
With plans to deliver over 2,500 homes to the Sydney housing market, construction for Arada’s initial developments will begin in 2025. With significant land holdings, the sites will deliver extensive commercial and retail areas that will provide significant employment opportunities within the area.
In Australia, Arada will continue to deliver diverse housing options – including Build to Rent which the developer says will form a minimum of 20% of properties.
Arada will also support facilities, amenities, and events for residents as it has done in its home country of the UAE. Its developments will feature premium amenities including green spaces, retail outlets and Arada’s own fitness and wellbeing service Wellfit, which focuses on providing active, healthy living to residents through its offerings.
“We’ll be applying these same principles in Australia projects, as well as a focus on job creation, Build to Rent and meaningful community support. We’re going to be committing a good percentage to Build to Rent – so about 20% as a minimum.”
Ahmed Alkhoshaibi, Group Chief Executive Officer, Arada
Since inception, Arada has been led by its Australian-born Group Chief Executive Officer, Ahmed Alkhoshaibi, who is also spearheading the Australian operations and business growth.
Arada has partnered with architecture practice Woods Bagot to design and deliver its projects to the Australian market.
“Launching in Australia marks a pivotal moment for Arada as we continue to realise 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 minimising 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.”
Ahmed Alkhoshaibi, Group Chief Executive Officer, Arada
Since its launch in 2017, the developer has launched six successful projects in both Sharjah and Dubai, with a combined sales value of AED 60bn.
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.
In 2023, Arada announced a 100% increase in the total value of property sold to AED 7.02bn, compared to the previous year. In total, the company has sold 14,000 units since inception, valued at over AED 17bn, with over 9,000 units completed.
