ع
Arada Capital and Alya signed a memorandum of understanding to form a development and co-investment partnership for premium residential and mixed-use projects in the United Arab Emirates and the Kingdom of Saudi Arabia, according to a statement issued by the parties on November 12, 2026. The collaboration will initially target two residential developments with a combined gross development value of approximately AED6 billion as part of a wider pipeline of opportunities. The projects under consideration are located in Downtown Dubai and on Yas Island in Abu Dhabi and remain subject to due diligence, commercial agreements and regulatory approvals.
The partnership brings together Arada Capital’s access to the Arada Group’s established development pipeline and expertise in large-scale communities with Alya’s capabilities in development, value creation, institutional governance, capital discipline and project delivery, the statement said. Alya operates as a new institutional platform for premium residential development across the GCC and receives backing from Brookfield along with Lunate, an Abu Dhabi-headquartered global investment firm that manages more than USD125 billion in assets under management. The agreement forms part of Arada Capital’s mandate to pursue real estate opportunities across the Middle East.
In the statement, Otto Dreyer, chief executive officer of Alya, said successful projects are built on strong partnerships, mutual trust and shared objectives along with a commitment to creating long-term value. Dreyer added that Alya brings development expertise, institutional governance and capital discipline to premium residential development across the GCC. Moustafa Fahour, chief executive officer and managing director of Arada Capital, described the agreement as an important milestone in the company’s ambitions as a fund manager.
Arada Capital launched in July 2026 as an ADGM-based platform chaired by HRH Prince Khaled bin Alwaleed bin Talal with a target of USD5 billion in assets under management to be reached over four years, according to an earlier announcement from the company. The platform was designed to allow institutional and qualified investors to participate in Arada’s pipeline and broader GCC real estate opportunities. It began with a focused set of investment prospects aligned to Arada’s ecosystem before planning progressive expansion across the UAE, Saudi Arabia and selected international markets.
Arada registered a 199 percent increase in UAE sales during 2025 to AED17.3 billion while selling 5,140 homes, more than double the prior year’s total, a Zawya distribution of the company’s results showed. The master developer reported group revenue growth of 170 percent to AED6.7 billion and EBITDA up 174 percent to AED1.6 billion for the year. Arada maintains a development pipeline valued at AED130 billion across the UAE, the UK and Australia, where it is progressing approximately 55,000 residential units.
Dubai recorded 9,999 home sales worth AED21.27 billion in October 2026, nearly level with the previous month, according to Projectory Research analysis of Dubai Land Department data. The ready-home segment posted a 13.8 percent rise in transactions that largely offset a decline in off-plan activity. Savills Middle East’s Q3 2026 report placed total Dubai residential transaction value at AED70.8 billion, down 14 percent quarter-on-quarter, with the moderation concentrated in off-plan launches while ready-property values increased to AED25.1 billion.
