Aldar Enters Sharjah With AED 1.1 Billion Aljada Acquisition

Aldar Properties has agreed to acquire nine residential buildings under development in Aljada from Arada for AED 1.1 billion. Announced on 15 October 2026, the forward-purchase agreement marks Aldar’s first real estate investment in Sharjah.

The transaction covers more than 1,100 homes arranged across three residential blocks. Arada is developing the buildings and expects to complete them in the fourth quarter of 2029, after which they will become part of Aldar’s income-producing portfolio.

Aldar said the deal lifts the value of its develop-to-hold pipeline to AED 21 billion and adds exposure to Sharjah’s residential market. The completion timetable remains subject to project delivery, and the announcement does not confirm vacancies. Source: Aldar Properties.