Property
May 12, 2026
Sharjah developer Arada is planning to launch new projects in the UAE this year despite market uncertainties related to the Iran war, the company's chief executive has said.
New projects will be unveiled in Dubai and Ras Al Khaimah, Ahmed Alkhoshaibi told The National. “We have a downtown plot, which we would launch by the end of the year. We have another plot which I can't mention, we’ll be announcing soon, which we bought during the [Iran] war,” Mr Alkhoshaibi said in an interview.
Arada is a joint venture between KBW Investments, a company controlled by Saudi billionaire businessman Prince Khaled bin Alwaleed, and Sharjah-based Basma Group.
