UAE developer Arada is launching a fund management business, Arada Capital, with the ambitious goal of amassing $5B in assets under management within four years.
The firm aims to provide institutional and qualified investors with access to its real estate development pipeline as well as other property ventures throughout the GCC, highlighting a significant shift in its operational strategy.
ADGM Approval
Arada has secured in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority and is currently finalising the necessary licence to operate as a fund manager.
The fund will be chaired by Prince Khaled bin Alwaleed bin Talal, who serves as the executive vice chairman of Arada, and will operate under the governance of an independent board.
Moustafa Fahour will take on the role of CEO and managing director.
Pipeline of Investment Opportunities
The fund manager is set to focus on a pipeline of investment opportunities stemming from Arada’s existing partnerships, with aspirations to broaden its reach across the UAE, Saudi Arabia, and regional markets.
While comprehensive details regarding the fund’s structure, strategy, and specific investment opportunities have yet to be disclosed, the initiative indicates a strategic move towards diversifying its investment channels.
International Projects
Since its inception in 2017, Arada has successfully launched 11 projects within the UAE and has also made inroads into the UK and Australian markets.
Current and future projects across these regions are collectively valued at AED 130B ($35B), with approximately 55,000 units under development, underscoring the developer’s growth trajectory.
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