Arada Capital, the proposed fund management arm of Arada, has signed a memorandum of understanding with Alya to develop and co-invest in premium residential and mixed-use projects in the UAE and Saudi Arabia. The first focus is two residential developments with a combined anticipated gross development value of about AED 6 billion. The agreement was announced on 12 November.
The two sides are exploring opportunities in Downtown Dubai and on Yas Island in Abu Dhabi. These form part of a wider pipeline that both parties will evaluate.
01Who the partners are
Alya is a new institutional platform for premium residential development across the GCC. It is backed by Brookfield and Lunate, the Abu Dhabi investment firm with more than USD 125 billion of assets under management.
Arada Capital brings access to Arada's development pipeline and its experience of building large communities. It is working towards approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, after which it plans to offer investment opportunities to professional investors.
02What the MoU covers
| Item | Detail |
|---|---|
| Partners | Arada Capital and Alya |
| Scope | Premium residential and mixed-use projects in the UAE and Saudi Arabia |
| First focus | Two residential developments, about AED 6 billion combined value |
| Locations being explored | Downtown Dubai; Yas Island, Abu Dhabi |
| Next steps | Due diligence, a commercial agreement and the necessary approvals |
03What it means for buyers
No project names, unit counts or sales dates have been announced yet. Any homes that come from the partnership would follow once the commercial terms and approvals are in place.
Arada already sells in Downtown Dubai at Inaura Downtown, its MVRDV-designed hotel and branded residence tower. Arada Group is active in the UAE, the UK, Australia, Saudi Arabia and Syria, with a pipeline it values at USD 50 billion and more than 70,000 homes.
We will add any new project from the partnership to the site as soon as details are released.
ProjectsThe project in this story.
SourcesWhere this story comes from.
Sources
- WAM (Emirates News Agency): Arada Capital partners with Alya on AED6 billion residential pipeline (via Gulf News), 12 November 2026
- Arada: Arada Capital and Alya sign residential co-investment partnership MoU targeting initial AED6bn development pipeline (press release, via mid-east.info), 12 November 2026
Corrections
- No corrections to this story. If something has changed or is wrong, tell us and we will correct it and log the change here.
14 Nov 2026, 05:50 GST · Reported by OffPlan Insider Newsdesk, checked against the developer's own material before publication.
