Partnership targets premium residential and mixed-use developments across UAE, KSALast updated: November 12, 2026 | 16:25Arada Capital has signed an MoU with Alya to develop premium residential and mixed-use projects across the UAE and Saudi Arabia.WAMThe proposed collaboration will bring together Arada Capital's access to Arada Group's established development pipeline and its expertise in delivering large-scale communities, with Alya's development and value creation expertise, alongside an institutional approach to governance, capital discipline and delivery, backed by Brookfield and Lunate.Lunate is a global investment firm headquartered in Abu Dhabi, with more than $125 billion in assets under management.The proposed collaboration will initially focus on two residential developments with an anticipated combined gross development value (GDV) of approximately Dh6 billion, forming part of a broader pipeline of opportunities to be evaluated by both parties.The opportunities being explored include projects in Downtown Dubai and Yas Island, Abu Dhabi, subject to due diligence, commercial agreement and the necessary approvals.Otto Dreyer, CEO of Alya, said, “Successful developments are built on strong partnerships, mutual trust, shared objectives and a commitment to creating long-term value. This proposed partnership combines those strengths with Arada’s established track record in creating communities. Our shared ambition is to create homes of enduring quality and value, for the people who live in them and those who invest in them.”Moustafa Fahour, CEO and Managing Director of Arada Capital, said, “This partnership represents an important milestone in Arada Capital's ambition as a fund manager. By combining Arada Group’s established development capabilities and access to high-quality opportunities with Alya's institutional expertise and the strength of its backing from Brookfield and Lunate, we see significant potential to bring forward premium residential projects distinguished by their quality, thoughtful design and disciplined delivery.”Get Updates on Topics You Choose
