Aldar to buy nine Aljada buildings in Sharjah from Arada for Dh1.1bn
Abu Dhabi developer Aldar has agreed to buy nine residential buildings, with more than 1,100 homes, in Sharjah's Aljada development from Arada for Dh1.1 billion. It is Aldar's first real estate investment in the emirate.
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The story, neutrally told
Centre · 2Aldar Properties has agreed to buy nine residential buildings in Sharjah's Aljada development from developer Arada for Dh1.1 billion (about $290 million), its first real estate investment in Sharjah. Gulf NewsN “Aldar Properties has agreed to buy nine residential buildings in Sharjah's Aljada development from Arada for Dh1.1 billion” Read at Gulf News ↗ The NationalN “Dh1.1 billion ($290 million), its first real estate investment in the emirate” Read at The National ↗ Centre · 2The forward-purchase agreement covers three residential blocks and more than 1,100 units, with delivery scheduled for the fourth quarter of 2029, Aldar said on Thursday. Gulf NewsN “The forward purchase agreement covers three residential blocks comprising more than 1,100 units, with the properties scheduled for delivery in the fourth quarter of 2029.” Read at Gulf News ↗ The NationalN “with delivery scheduled for the fourth quarter of 2029, Aldar said on Thursday” Read at The National ↗ Centre · 2The deal expands Aldar's develop-to-hold pipeline to Dh21 billion, and the homes are aimed mainly at end users and long-term renters seeking housing at accessible prices in an established community. Gulf NewsN “The deal expands Aldar's develop-to-hold pipeline to Dh21 billion” Read at Gulf News ↗ The NationalN “Aldar said the nine buildings will cater primarily to end users and long-term renters” Read at The National ↗
Centre · 2Aldar group chief executive Talal Al Dhiyebi called Sharjah "a large and growing residential market" and said Aljada offered an attractive entry point that adds scale to the company's residential-for-rent portfolio. The NationalN ““Sharjah is a large and growing residential market, and Aljada provides an attractive entry point through one of the emirate’s leading master-planned communities,” Aldar group chief executive Talal Al Dhiyebi said.” Read at The National ↗ Gulf NewsN “adding scale to our residential for rent portfolio while broadening our exposure to a new market” Read at Gulf News ↗ Centre · 2Arada group chief executive Ahmed Alkhoshaibi described the deal as a "strong vote of confidence" in Aljada and Sharjah's residential market, and said the companies would look for further opportunities to work together. Gulf NewsN “described the transaction as a "strong vote of confidence" in Aljada and the wider Sharjah residential market” Read at Gulf News ↗ The NationalN “reflects the quality of what we have built here, and the scale of the opportunity that Sharjah represents” Read at The National ↗ Centre · 2The purchase follows a Dh15 billion development partnership between the two companies announced last month. The National reports that it covers projects in Abu Dhabi, including a mixed-use community at Seih Sdeirah and three residential plots on Yas Island, and marked Arada's entry into Abu Dhabi. The NationalN “The investment builds on a Dh15 billion development partnership announced last month by Aldar and Arada, which covers projects in Abu Dhabi” Read at The National ↗ Gulf NewsN “It follows a recently announced Dh15 billion development partnership between the two companies” Read at Gulf News ↗
Centre · 2According to Arada, Aljada spans 2.2 million square metres and is expected to hold about 25,000 homes when fully built, with an anticipated gross sales value of Dh35 billion. Handovers began in 2021, and more than 8,800 homes have been delivered. Gulf NewsN “Aljada spans 2.2 million square metres and is expected to contain about 25,000 homes when fully built, with an anticipated gross sales value of Dh35 billion, according to Arada.” Read at Gulf News ↗ The NationalN “more than 8,800 homes delivered across multiple districts, according to the statement” Read at The National ↗ Centre · 1The National adds that Arada is a joint venture between KBW Investments, controlled by Saudi Arabia's Prince Khaled bin Alwaleed, and Sharjah-based Basma Group. It also reports that Aldar plans to launch a villa and townhouse development near Dubai Silicon Oasis by the end of the year, and expects to hand over more than 3,000 units this year and 4,500 next year. The NationalN “Arada, a joint venture between KBW Investments – a company controlled by Saudi Arabia’s Prince Khaled bin Alwaleed – and Sharjah-based Basma Group”“is expected to hand over more than 3,000 units this year, representing the largest volume since the company’s launch, with the deliveries going up to 4,500 next year” Read at The National ↗
Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.
Left0 outlets
No left outlet in our sources has covered this story yet.
Centre2 outlets
- Framing
- Both outlets report the deal as a business expansion story built on the companies' statement. They lead with Aldar's first move into Sharjah and quote the chief executives of both companies.
- Emphasis
- Gulf News stresses Aljada's existing infrastructure and its access to Dubai. The National adds ownership of Arada, Aldar's other UAE plans and the wider property market.
- Leaves out or plays down
- Neither outlet reports independent analyst comment or details of payment terms. Neither reports any criticism of the deal.
- Charged language
- “strong vote of confidence”
- For example
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“marking the Abu Dhabi developer's first real estate investment in the emirate” — Gulf News
“as it expand its income-generating property portfolio” — The National
Right0 outlets
No right outlet in our sources has covered this story yet.
What every side reports
- Aldar agreed to buy nine residential buildings at Aljada from Arada for Dh1.1 billion.
- It is Aldar's first real estate investment in Sharjah.
- The deal covers more than 1,100 units, with delivery scheduled for Q4 2029.
- The deal lifts Aldar's develop-to-hold pipeline to Dh21 billion.
- The deal follows a Dh15 billion Aldar-Arada development partnership announced last month.
Aldar Properties organisation
Aldar says the purchase fits its develop-to-hold strategy, adds residential-for-rent assets and broadens its exposure to a new market.
“This investment is closely aligned with our develop-to-hold strategy” — Gulf News
Arada organisation
Arada presents the deal as validation of Aljada and of Sharjah's residential market, and as a step in a growing partnership with Aldar.
“reflects the quality of what we have built here, and the scale of the opportunity that Sharjah represents” — The National
Left0 articles
No coverage yet.
Centre2 articles
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Abu Dhabi's Aldar enters Sharjah after Dh1.1 billion acquisition deal with Arada
Neutral Presents the deal as Aldar's entry into Sharjah, relaying both executives' quotes and Arada's figures on Aljada, with an analytical close on strategy.
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Aldar enters Sharjah with Dh1.1bn residential acquisition
Neutral Reports the acquisition from Aldar's statement and places it within the Aldar-Arada partnership, Aldar's UAE expansion and the market backdrop.
Right0 articles
No coverage yet.
- 15 Oct 08:42 First Gulf NewsN Abu Dhabi's Aldar enters Sharjah after Dh1.1 billion acquisition deal with Arada
- 15 Oct 09:31 +49m The NationalN Aldar enters Sharjah with Dh1.1bn residential acquisition
Times are when each article was published, or when we first saw it if the outlet gave no time.
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