Tag: Arada
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Arada returns to global debt markets with successful closure of 3.5 times oversubscribed $400 million Sukuk
Dubai, United Arab Emirates: 12 June 2024 – Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. This is the first issuance under Arada’s newly…
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Arada awards AED1.48 billion contracts to build the final two phases of Sharjah’s woodland megaproject, Masaar
Sharjah, United Arab Emirates: 6 June 2024: Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of Sharjah. Valued at AED650 million, the Sequoia contract to build 428 homes has been awarded to Pivot…
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Arada and Minor Hotels launch Anantara Sharjah Residences
Sharjah, United Arab Emirates, 7 May 2024: Arada and Minor Hotels have officially launched off-plan sales for Anantara Sharjah Residences, a new destination for luxury seaside living. Each of the 128 branded residences is housed within the grounds of the Anantara Sharjah Resort, a five-star hotel complex that is set to represent the ultimate in high-end beachfront…
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Arada awards AED615 million contracts to build Azalea, fourth phase at woodland Sharjah megaproject Masaar
Sharjah, United Arab Emirates: 16 April 2024: Arada has awarded two contracts valued at AED615 million to build all 565 homes in Azalea, the fourth phase of Masaar, the popular megaproject based in the Suyoh district of Sharjah. Valued at AED9.5 billion and containing 3,000 villas and townhouses spread over six phases, Masaar is defined by…
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