Investcorp Capital today announced that it has reached an agreement to sell Reem Hospital, a leading Abu Dhabi-based multi-specialty and post-acute rehabilitation healthcare provider, to Arada, the UAE-based master developer, in a notable private healthcare investment.
Arada has acquired a significant controlling stake in Reem Hospital, the Abu Dhabi-based healthcare provider, in a move that marks the master developer's entry into the healthcare sector and accelerates its ambition to build one of the region's most comprehensive integrated wellness ecosystems.
Leading Sharjah developer Arada has signed up Parkin Company, the largest provider of paid public parking facilities in Dubai, as the sole operator at its mega Aljada project. Under this it will manage a mixed portfolio of on‑street, off‑street and building parking assets, including malls and residential buildings.
Leading UAE developer Arada has announced the handover of its first residential homes at Sharjah’s newest lifestyle and hospitality destination - Vida Residences Aljada. A four-building complex, Vida Aljada features 255 branded residences, 149 serviced apartments and 175-key hotel.
UAE developer Arada has launched sales at Layan, the fifth phase of its landmark Masaar 3 forest community in Sharjah, comprising eight gated neighbourhoods spread over a 21 million sq ft masterplan. Layan will provide a selection of two- to five-bedroom properties.
Leading UAE developer Arada has achieved a major milestone by clocking over 100 million safe man-hours without a lost time injury (LTI) at its AED35 billion ($9.5 billion) Sharjah megacommunity Aljada. Scope of work included residential, retail, hospitality and leisure as well as infrastructure and landscaping.
Arada has unveiled Jenna, a new upscale residential complex situated in the AED35 billion ($9.53 billion) Aljada mega community in Sharjah.
Leading UAE developer Arada has announced that it has begun the handover of 138 new apartments at its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah, following the completion of construction of the two Il Teatro Residences buildings.
UAE developer Arada said it has completed the construction and begun handover of five new residential blocks in Naseej District within its AED35 billion ($9.5 billion) Aljada megacommunity in Sharjah. It comprises 482 apartments with a mix of one- to three-bedroom units along with smart home features.
UAE developer Arada has awarded the main construction contract for a K-12 school at Masaar, its AED9.5 billion ($2.6 billion) forested megaproject in Sharjah. Developed in partnership with Bright Capital Investment, the new Reigate Grammar School is the first branch campus of a UK school in the emirate.
