Public RecordRecord
Aldar acquires 1,100 Sharjah residential units for AED 1.1bn
Forward purchase agreement with Arad covers nine buildings in Al Jada district with delivery scheduled for Q4 2029.
Aldar Properties has entered a forward purchase agreement with Arad to acquire nine residential buildings containing more than 1,100 units in the Al Jada district of Sharjah for AED 1.1 billion (USD 300 million), according to a statement published 15 October 2026. Arad will complete construction and deliver the buildings in the fourth quarter of 2029. The transaction marks Aldar's first property investment in Sharjah.
Transaction structure and portfolio impact#
The agreement covers three residential complexes within the Al Jada project. The acquisition adds more than 1,100 residential units to Aldar's portfolio, targeting individuals and long-term tenants through units at accessible price points in an integrated community. The transaction raises the value of Aldar's develop-and-hold portfolio, which includes assets across multiple categories, to AED 21 billion.
Al Jada project specifications#
Al Jada extends across 2.2 million square metres. Upon completion, the district is expected to contain approximately 25,000 residential units with projected total sales value of AED 35 billion. Delivery of residential units in the project began in 2021, with more than 8,800 units delivered to date across several neighbourhoods. The district includes hospitality, education and retail facilities, the Madar family entertainment complex, two international schools, two hotels, the Nest student accommodation complex, and more than 300,000 square feet of occupied retail space.
Strategic partnership context#
The transaction follows a strategic partnership between Aldar and Arad announced recently with a value of AED 15 billion. Talal Al Dhiyebi, Chief Executive Officer of Aldar, stated the investment in Al Jada allows the group to enter Sharjah's residential market and enhances its portfolio of rental properties in line with its develop-and-hold strategy. Ahmed Al Khusaibi, Chief Executive Officer of Arad, stated the transaction reflects Aldar's confidence in the Al Jada project and Sharjah's residential property market.
Location and connectivity#
Al Jada is located near Sheikh Mohammed bin Zayed Road and Al Dhaid Road, seven minutes from Sharjah International Airport and approximately 20 minutes from Dubai International Airport. Projects under execution in Al Jada include the Arad Central Business District and Madar Mall, adding commercial facilities, retail outlets and entertainment destinations to the district.
Sources1 source across 1 domain
- snabusiness.comSky News ArabiaAldar forward purchase agreement with Arad for AED 1.1 billion covering nine buildings with 1,100+ units in Al Jada, Sharjah, delivery Q4 2029; develop-and-hold portfolio value AED 21 billion; Al Jada specifications and location details
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