Latest news with #AhmedAlkhoshaibi
Arabian Business
4 days ago
- Business
- Arabian Business
Dubai real estate: Arada launches world's first precision wellness destination ‘Akala'
Arada has unveiled Akala, positioning it as the world's first precision wellness destination and a new global hospitality and branded residences concept. The brand name derives from an ancient Sanskrit word meaning 'beyond time'. The flagship development, Akala Hotel & Residences, will house 534 branded residences located between Dubai International Financial Centre (DIFC) and Downtown Dubai. Akala Hotel & Residences Dubai sales begin May 31 The project comprises two 220-metre towers connected by a shared podium containing spa, fitness, and clinical wellness facilities. The AED5 billion development will launch sales on Saturday, May 31, with a two-day event at Dubai's Museum of the Future. Residential options range from one-bedroom apartments to The Observatory, a two-level penthouse offering views of the Burj Khalifa. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'With Akala, we are creating a sanctuary that reflects how people want to live today, where peak health, personal performance, and rest are all part of the same experience. With an array of wellness facilities and services that is unmatched anywhere in the world, Akala is designed for the next generation of global citizens who want to live better, happier and longer.' The development has received LEED Gold and WELL Silver precertification, with construction scheduled for completion by the end of 2029. Ahmed Alkhoshaibi, Group CEO of Arada, added: 'Akala represents the convergence of two powerful global shifts – the rise of wellness as a central life pursuit, and the demand for service-led, lifestyle-driven residential experiences. Dubai is the perfect place to launch this concept, and we're proud to introduce a new kind of brand from the region to the world.' Each residence incorporates air and water purification systems, individually zoned climate control, and circadian lighting. Materials and furnishings are selected for their natural and sustainable qualities. Smart technology integration allows residents to personalise their environment. Wellness-focused upgrades include organic sleep systems, EMF-conscious design elements, and acoustic optimisation to support longevity, focus, and rest. The development features a fitness club equipped with strength and cardio equipment, private training pods, an indoor lap pool, and studios for cycling and group exercise. The Akala Spa includes saunas, hammams, thalassotherapy pools, VIP suites, and a thermal circuit. Wellness Studios provide spaces for movement, recovery, and mindfulness practices. Everwell's medical wellness clinic offers diagnostics, preventative care, and personalised treatments, including stem cell therapies. Additional amenities include organic dining options, an L-shaped pool, social spaces, and residents-only facilities including gym, spa and private cinema. Akala provides lifestyle and wellness concierge services covering daily housekeeping, in-home spa treatments, curated dining, fitness and recovery programmes. Specialist services include family support, companion care, and event planning. The development operates as a members' club with global reach, providing residents and guests access to wellness programming, content, and experiences across future locations worldwide. Following the Dubai launch, Akala plans expansion to international markets including other Middle East locations, Europe and Australia. Each future location will be curated to its specific environment and culture whilst maintaining the brand's precision wellness mission.
Sharjah 24
4 days ago
- Business
- Sharjah 24
Arada unveils Akala, world's first precision wellness destination
Brand's first and flagship location The brand's first and flagship location, Akala Hotel & Residences, which contains 534 branded residences, is ideally located between Dubai International Financial Centre (DIFC) and Downtown Dubai. Comprising two 220-metre-tall towers, the design of Akala features an architectural journey of compression and release, with signature elements flowing directly into a shared podium housing best-in-class spa, fitness, and clinical wellness facilities. Sales at the AED5 billion development commence on Saturday 31 May with a two-day event taking place at Dubai's Museum of the Future. Every home – ranging from one-bedroom apartments to the showstopping two-level penthouse The Observatory, which offers panoramic views of the Burj Khalifa – offers a lifestyle underpinned by a combination of advanced medical diagnostics, performance-driven therapies and seamless, intuitive hospitality, resulting in a unique, weightless experience Featuring LEED Gold and WELL Silver precertification, construction on Akala is scheduled to be completed by the end of 2029. His Royal Highness Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'With Akala, we are creating a sanctuary that reflects how people want to live today, where peak health, personal performance, and rest are all part of the same experience. With an array of wellness facilities and services that is unmatched anywhere in the world, Akala is designed for the next generation of global citizens who want to live better, happier and longer.' Ahmed Alkhoshaibi, Group CEO of Arada, said: 'Akala represents the convergence of two powerful global shifts – the rise of wellness as a central life pursuit, and the demand for service-led, lifestyle-driven residential experiences. Dubai is the perfect place to launch this concept, and we're proud to introduce a new kind of brand from the region to the world.' Meticulously designed Each residence at Akala has been meticulously designed to support physical, emotional, and environmental wellbeing. From advanced air and water purification systems to individually zoned climate control and circadian lighting, every detail enhances health and comfort. Materials and furnishings are selected for their natural, sustainable qualities, while integrated smart technology allows residents to personalise their environment with ease. Wellness-enhancing upgrades, including organic sleep systems, EMF-conscious design elements, and acoustic optimisation, combine to create a luxury home that actively supports longevity, focus, and rest. Backed by the world's most comprehensive wellness ecosystem Life at Akala is backed by the world's most comprehensive wellness ecosystem. Facilities include a high-performance fitness club equipped with state-of-the-art strength and cardio equipment, private training pods, an indoor lap pool, and dedicated studios for cycling and group exercise. Complementing this is the Akala Spa, a full-service hydrothermal and treatment facility featuring saunas, hammams, thalassotherapy pools, and VIP suites, anchored by a comprehensive luxury thermal circuit. The wellness experience extends into dedicated Wellness Studios for movement, recovery, and mindfulness practices, with spaces crafted to promote restoration, balance, and emotional wellbeing. Everwell's state-of-the-art medical wellness clinic provides discreet, boutique healthcare services with a focus on diagnostics, preventative care, and personalised treatments, including proprietary stem cell therapies. Akala also features curated organic dining, a striking L-shaped pool, elegant social spaces and a range of residents-only amenities including gym, spa and private cinema. Offers an extensive range of services and amenities Akala also offers an extensive range of services and amenities that extend the wellness experience far beyond the home. A dedicated lifestyle and wellness concierge delivers seamless, personalised support – from daily housekeeping and in-home spa treatments to curated dining, fitness and recovery programs. Residents benefit from intuitive hospitality and specialist services such as family support, companion care, and event planning. Akala is designed not only as a destination but also as a community: a members' club with a global footprint, giving residents and guests access to exclusive wellness programming, content, and experiences across its future locations worldwide. Following its debut in Dubai, Akala is set to expand to major international hubs, with plans under development for properties elsewhere in the Middle East, Europe and Australia. Future locations will continue the brand's mission to deliver precision wellness, with each project curated to its environment and culture.
ME Construction
12-05-2025
- Business
- ME Construction
Arada acquires New South Wales arm of Roberts Co
Financial Arada acquires New South Wales arm of Roberts Co By Arada secured the immediate US $20mn recapitalisation of Roberts Co (NSW), which will provide essential stability to another 600 employees across the construction supply chain in Sydney Arada has acquired the New South Wales arm of Roberts Co, an Australian tier-one commercial construction company known for executing intricate projects across diverse sectors. The strategic move aligns with Arada's expansion plans in Australia, as the UAE-based master developer accelerates its growth in the Australian market. The developer said it secured the immediate US $20mn recapitalisation of Roberts Co (NSW), which will provide essential stability to another 600 employees across the construction supply chain in Sydney. This move also ensures the jobs of 120 direct employees. Arada said it is on track to launch sales and construction at its first projects in Australia by the end of 2025. The acquisition empowers Arada to greater control over the development of its future projects in Australia. Moreover, it paves the way for Roberts Co's eventual expansion into new international markets, including the UAE. Arada said that is prepared to invest up to $100mn in Roberts Co's expansion into new sectors and geographies. The ultimate objective is to establish a global presence and achieve annual revenues of $1bn by 2028. Ahmed Alkhoshaibi, Group CEO of Arada said, 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE added, 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia said, 'The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition ensures uninterrupted progress across four major construction projects in Sydney, two schools, a residential project, and a children's hospital. These projects are crucial to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas, who previously served as CEO of Majid Al Futtaim Properties, will remain in their roles to maintain continuity and stability after the transaction, the statement explained. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Arada, a company that established its first international office in Sydney in 2024, has announced plans for a $2.5bn development project in Australia. This project aims to create major new communities in Sydney's inner-west, southwest, and Hills Shire suburbs. Together, these communities will provide 2,500 much needed homes to the Sydney market.
Arabian Business
07-05-2025
- Business
- Arabian Business
UAE's Arada expands in Australia with Roberts Co acquisition
Arada, a UAE-based master developer, has acquired the New South Wales arm of Roberts Co. The move marks a significant step in Arada's international growth strategy. The transaction includes an immediate recapitalisation of AED47 million, securing the jobs of 120 direct employees and stabilising employment for more than 600 additional workers across Sydney's construction supply chain. 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk,' said Ahmed Alkhoshaibi, Group CEO of Arada. 'We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development,' he added. Arada has earmarked up to AED235 million to support Roberts Co's long-term expansion into new sectors and geographies, with the aim of building a global presence and targeting annual revenues of AED2.3 billion by 2028. UAE-Australia economic partnership strengthens Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' 'The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement.' 'This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation,' said Fahad Obaid Altaffag, UAE Ambassador to Australia. The acquisition ensures that work will continue uninterrupted across four key Sydney projects currently under development, including two schools, a residential complex, and a children's hospital. To ensure continuity, key leadership figures from Roberts Co, including Executive Chairman George Kostas, formerly CEO of Majid Al Futtaim Properties, will remain in place following the transaction. Roberts Co., founded in 2017 with a mission to 'build a better way', has delivered many of New South Wales' most complex and high-profile construction projects. The company operates across a wide range of sectors, including health, education, commercial, residential, hospitality, industrial, life sciences and defence. Since opening its Sydney office in 2024, Arada has announced AED 6 billion in planned Australian developments, including large-scale residential communities in Sydney's inner-west, south-west and Hills Shire. These projects will collectively deliver 2,500 homes. Sales and construction are expected to begin by Q4 of 2025. Launched in 2017 and headquartered in the UAE, Arada focuses on creating spaces that promote healthier, happier, and more meaningful lives. The company's portfolio spans property development, retail, education, and hospitality. Arada has launched several landmark projects in the UAE, including Aljada and Masaar, and expanded into Australia in 2024. In addition to its core developments, Arada operates a range of complementary brands, including gyms, retail spaces, and social initiatives.
Sharjah 24
07-05-2025
- Business
- Sharjah 24
Arada completes acquisition of major Sydney-based contractor
The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) Pty Ltd by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million (AED235 million) on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion (AED2.3 billion) by 2028. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion (AED6 billion) worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market. Arada is on track to launch sales and construction at its first projects in Australia by the end of 2025.
