Latest news with #KhaledbinAlwaleedbinTalal
Al Etihad
31-07-2025
- Business
- Al Etihad
Arada sees sales more than triple to Dh9.15 billion in H1 2025
31 July 2025 17:20 SHARJAH (WAM)Arada has reported a tripling of sales during the first half of 2025 to Dh9.15 billion as healthy demand for premium residential property continues to lift markets across the UAE. The master developer saw a 336% increase in the value of property sold at its projects in Dubai and Sharjah, driven by major launches and increasing interest in existing master planned total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. Arada's best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai in May, and the 2,000 villa and townhouse community Masaar 2, which was launched in Sharjah in February and sold out in just three Royal Highness Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said, 'At Arada, we have always believed that when people and spaces connect with purpose, the results can be transformational. That philosophy has guided every community we've built, and the exceptional performance we've seen in the first half of this year proves that a long-term, people-first strategy consistently delivers meaningful value for residents and investors alike.'Group CEO of Arada, Ahmed Alkhoshaibi, said, 'We're looking to build on the excellent sales results from the first six months of the year by launching a further three projects across the UAE in the second half of 2025, which will together total around 5,000 new homes. In addition, as we gear up for the launch of our first projects in Australia, we will continue to identify new opportunities and partnerships not just in the UAE but overseas as well.'Arada's sales figures have been bolstered by the strong performances of property markets in both Sharjah and Dubai. Recent data issued by the Sharjah Real Estate Registration Department showed a 48% rise in the value of property sold in the six months of 2025 to Dh27 billion, compared to the same period a year Dubai continued to cement its position as a global property hotspot, with a 25% increase in the value of real estate sold to Dh431 billion. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over Dh90 billion. In total, Arada has sold over 17,000 units since inception, valued at over Dh29 billion, with over 10,000 units completed.
Sharjah 24
31-07-2025
- Business
- Sharjah 24
Arada sees sales more than triple to AED9.15 billion in H1 2025
In total, Arada sold 2,382 homes during the first six months of the year, a 247% gain on the same period in 2024. Arada's best-performing projects during this period included precision wellness destination Akala, which was launched in Dubai in May, and the 2,000 villa and townhouse community Masaar 2, which was launched in Sharjah in February and sold out in just three hours. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'At Arada, we have always believed that when people and spaces connect with purpose, the results can be transformational. That philosophy has guided every community we've built, and the exceptional performance we've seen in the first half of this year proves that a long-term, people-first strategy consistently delivers meaningful value for residents and investors alike." Expansion plans Ahmed Alkhoshaibi, Group CEO of Arada, said: 'We're looking to build on the excellent sales results from the first six months of the year by launching a further three projects across the UAE in the second half of 2025, which will together total around 5,000 new homes. In addition, as we gear up for the launch of our first projects in Australia, we will continue to identify new opportunities and partnerships not just in the UAE but overseas as well.' Arada is targeting full-year sales totalling AED15 billion, while the master developer is also on track to complete and deliver 2,000 homes this year. Earlier this month, Arada successfully concluded its latest visit to the global financial markets with the closure of a $450 million sukuk. Arada's sales figures have been bolstered by the strong performances of property markets in both Sharjah and Dubai. Recent data issued by the Sharjah Real Estate Registration Department showed a 48% rise in the value of property sold in the six months of 2025 to AED27 billion, compared to the same period a year previously. Meanwhile Dubai continued to cement its position as a global property hotspot, with a 25% increase in the value of real estate sold to AED431 billion.
Khaleej Times
29-07-2025
- Business
- Khaleej Times
Arada returns to debt markets with successful closure of $450 million sukuk
Arada Developments, rated B1 by Moody's and B+ by Fitch, has successfully completed the issuance of a $450 million sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody's, was priced with a coupon of 7.150%, tightening 47.5bps- 60bps from the initial price guidance of 7.625%-7.750% for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada. The proceeds of the issuance will be used for a tender offer of up to $100 million on Arada's existing sukuk maturing 2027, with the balance for general corporate purposes. The sukuk issuance saw strong demand from both regional and international investors with a subscription order book peaking above $2 billion (excluding joint lead managers), equivalent to over four times the offer size. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects. This issuance serves as a platform of our next phase of growth as we continue target growth opportunities both at home in the UAE and abroad.' Investor interest for the sukuk was diversified geographically, coming from Europe, the Middle East and Asia. The investors for this issuance include banks, private banks, asset and fund managers, and hedge funds. The joint global coordinators for the sukuk were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered Bank, while Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank acted as Joint Lead Managers and Bookrunners. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over Dh90 billion. In total, Arada has sold over 17,000 units since inception, valued at over Dh29 billion, with over 10,000 units completed.
Sharjah 24
29-07-2025
- Business
- Sharjah 24
Arada completes closure of 4 times-oversubscribed $450 mn Sukuk
The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody's, was priced with a coupon of 7.150%, tightening 47.5bps- 60bps from the initial price guidance of 7.625%-7.750% for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada. The proceeds of the issuance will be used for a tender offer of up to US$100 million on Arada's existing Sukuk maturing 2027, with the balance for general corporate purposes. The Sukuk issuance saw strong demand from both regional and international investors with a subscription order book peaking above US$2 billion (excluding Joint Lead Managers), equivalent to over four times the offer size. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said, 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects. This issuance serves as a platform of our next phase of growth as we continue target growth opportunities both at home in the UAE and abroad.' Investor interest for the Sukuk was diversified geographically, coming from Europe, the Middle East and Asia. The investors for this issuance include banks, private banks, asset and fund managers, and hedge funds. The Joint Global Coordinators for the Sukuk were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered Bank, while Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank acted as Joint Lead Managers and Bookrunners. Since its launch in 2017, Arada has launched nine successful projects in both Sharjah and Dubai, and has a pipeline of existing and future projects in the UAE and Australia valued at over AED90 billion. In total, Arada has sold over 17,000 units since inception, valued at over AED29 billion, with over 10,000 units completed.
Arabian Post
02-06-2025
- Business
- Arabian Post
Dubai's Akala Project Sets New Benchmark in Wellness Real Estate
Arada has launched Akala, a AED 5 billion development positioned as the world's first precision wellness destination, located between Dubai International Financial Centre and Downtown Dubai. The project comprises two 220-metre towers housing 534 branded residences, integrating advanced medical diagnostics with luxury living. The residences range from one-bedroom apartments to a two-level penthouse named The Observatory, offering panoramic views of the Burj Khalifa. Each unit is designed to provide a lifestyle supported by performance-driven therapies and intuitive hospitality. The development is LEED Gold and WELL Silver precertified, emphasizing sustainability and indoor health. Akala's wellness ecosystem includes the Everwell medical clinic, a state-of-the-art gym, wellness studios, and the Akala Spa. The spa features thermal circuits with thalassotherapy pools, eucalyptus steam rooms, infrared salt rooms, Finnish saunas, cold plunges, and ice rooms. Private treatment rooms and VIP Spa Suites are also part of the design. ADVERTISEMENT Sales commenced on May 31 with a two-day event at Dubai's Museum of the Future. Prices start from AED 3.79 million for one-bedroom apartments, with sizes ranging from 1,036 to 1,407 square feet. A flexible 50/50 payment plan is available, with 10% down payment, 50% during construction, and the remaining 40% upon completion. Construction is scheduled for completion by the end of 2029. Arada plans to expand the Akala brand internationally, targeting markets in the Middle East, Europe, and Australia. The company aims to deliver culturally tailored yet consistently luxurious experiences in each location. HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, stated that Akala is designed for the next generation of global citizens who want to live better, happier, and longer. He emphasized that the project reflects how people want to live today, where peak health, personal performance, and rest are all part of the same experience.
