Top 100 GCC Real Estate Developers: Arada

HE Sheikh Sultan bin Ahmed Al Qasimi chairs Arada, which is developing Aljada and Nasma Residences in Sharjah

HE Sheikh Sultan Bin Ahmed Al Qasimi, Chairman, Arada
Arabian Business
HE Sheikh Sultan Bin Ahmed Al Qasimi, Chairman, Arada

Arada, a joint venture between KBW Investments and Basma Group, is a Sharjah-focused real estate company known as the developer of the $6.5bn (AED24bn) Aljada, a residential project that spans 2.2km2, and the $408m (AED1.5bn) Nasma Residences, in the UAE.

In September 2019, the developer, chaired by HE Sheikh Sultan bin Ahmed Al Qasimi, started handover on homes within Phase 2 of Nasma Residences, comprising 184 villas and townhouses, following the delivery of 107 units from Phase 1 of the megaproject in May.

Construction Week's Top 100 GCC Real Estate Developers 2019 list is a compilation of the region's most influential and successful property firms.

The list has been produced based on publicly available information, and is not a ranking.

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