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Aldar and Arada signed agreements for two development opportunities in Abu Dhabi with a combined value of about AED15 billion. The first phase includes a joint venture for a mixed-use community at Seih Sdeirah and Arada’s purchase of three residential plots on Yas Island.
The Seih Sdeirah plan covers up to 1.5 million square metres and is envisaged to include homes, retail and recreation. Arada will lead development and construction management, with the partners jointly branding and selling the community.
The three Yas Island plots total more than 27,500 square metres and have nearly 130,000 square metres of gross floor area. The deal marks Arada’s first development projects in Abu Dhabi; no construction timetable was given.
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The initial scope covers vehicle licensing services through a single conversation.
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Construction is nearing completion, with commissioning still to follow.
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Dubai Chambers reports 180 attendees and highlights AED 10.3 bn in 2025 non-oil trade.
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