Arada, a real estate developer based in the United Arab Emirates, announced on Monday that it has acquired a 75% stake in British developer Regal. This marks its second international venture after its expansion into Australia last year.
Arada has committed an initial investment of 2.5 billion dirhams ($680.70 million) to acquire the privately held Regal, which has a pipeline of 10,000 units across 11 projects. The UAE developer stated that the UK company will be renamed Arada London.
“London is one of the world’s leading cities, and our expansion into this market represents a strategic step for Arada in response to the strong demand for residential space,” said Arada Chairman Sheikh Sultan bin Ahmed Al Qasimi.
The company plans to triple its existing UK pipeline over the next three years.
Gulf property developers have experienced significant growth, driven by rising demand and increased investment as regional oil and gas producers accelerate their economic diversification strategies.
Several other UAE developers, such as Damac, Aldar, and Modon, have also launched development arms to build properties in the UK through subsidiaries or joint ventures as a way to diversify their operations.
Established in 2017 by Al Qasimi and Prince Khaled bin Alwaleed bin Talal Al Saud, the son of Saudi billionaire Prince Alwaleed Bin Talal, Arada has projects across the UAE and Australia valued at more than 95 billion dirhams, according to the company.
