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Dubai United Arab Emirates
Arada Capital has signed a memorandum of understanding with Alya to establish a strategic development and co-investment partnership targeting premium residential and mixed-use projects across the UAE and Saudi Arabia.
The initial collaboration will explore two residential developments with a combined anticipated gross development value of AED 6 billion, equivalent to approximately $1.63 billion.
Potential locations include Downtown Dubai and Yas Island in Abu Dhabi, subject to due diligence, commercial agreements and the necessary approvals.
The partnership combines Arada's large-scale development expertise with Alya's institutional investment capabilities, supporting the expansion of premium residential real estate across the Gulf.
SEO Caption: Arada Capital and Alya announce AED 6 billion residential development partnership targeting premium projects in Dubai and Abu Dhabi.
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