4 Hrs
Source:
الاقتصادية
Arada-Alya Plan AED 6B
“Arada Capital” and “Alia” have signed a memorandum of understanding to partner on real estate development and joint investment in the UAE and Saudi Arabia. The first phase includes two residential projects with a combined estimated gross development value of approximately AED 6 billion. Opportunities under consideration include projects in Downtown Dubai and on Abu Dhabi’s Yas Island. Their implementation will be subject to due diligence, the finalisation of commercial agreements and the necessary approvals.
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