Aldar Enters Sharjah Property Market with AED 1.1 Billion Aljada Acquisition

Aldar Expands into Sharjah Through Strategic Acquisition

Aldar Properties has announced its first real estate investment in Sharjah through an AED 1.1 billion agreement with Arada to acquire nine residential buildings within Aljada, the developer's flagship mixed-use community.

The acquisition covers more than 1,100 residential units across three blocks, with completion and handover expected in the fourth quarter of 2029. The transaction increases Aldar's develop-to-hold pipeline to AED 21 billion, supporting its strategy to expand its portfolio of income-generating residential assets.

Strengthening the Aldar–Arada Partnership

The agreement follows the recently announced AED 15 billion development partnership between Aldar and Arada, further strengthening their strategic relationship and expanding Aldar's presence into a new emirate.

The investment reflects growing confidence in Sharjah's residential property market, particularly in established master-planned communities offering strong connectivity, modern infrastructure and long-term rental potential.

Aljada: A Growing Residential Destination

Spanning approximately 2.2 million square metres, Aljada is one of Sharjah's largest mixed-use developments. Once completed, the community is expected to accommodate approximately 25,000 homes, with an estimated gross sales value of AED 35 billion.

Since residential handovers began in 2021, more than 8,800 units have been delivered. The community also features schools, hotels, retail destinations, entertainment facilities and student accommodation, with further commercial and lifestyle developments planned.

Strategically located near Sheikh Mohammed bin Zayed Road, Aljada offers convenient access to Sharjah International Airport and Dubai International Airport, enhancing its appeal to residents and investors.

Supporting Long-Term Investment Growth

The acquisition represents a significant milestone in Aldar's geographical expansion and reinforces its focus on developing a diversified portfolio of long-term rental properties.

For Arada, the transaction highlights institutional confidence in Aljada's development progress and Sharjah's expanding real estate sector.

Both developers have indicated their intention to explore further opportunities under their broader strategic partnership, supporting continued investment and development across the UAE.