Post by : Naveen Mittal

Arada Acquires Regal to Expand in UK Real Estate

UAE-based real estate developer Arada has acquired a 75% stake in British developer Regal, marking its second international expansion after Australia. The acquisition, valued at 2.5 billion dirhams (approximately $680.7 million), includes 11 ongoing projects with a combined pipeline of 10,000 residential units. Regal will now operate under the name Arada London.

Strategic Move to Address London's Housing Demand

Arada's Chairman, Sheikh Sultan bin Ahmed Al Qasimi, emphasized that London's status as a global city and the strong demand for residential space make it a strategic market for expansion. The company plans to triple Regal's existing project pipeline over the next three years, aiming to meet the growing housing needs in the UK capital.

UAE Developers Diversify Internationally

This move aligns with a broader trend among UAE developers diversifying their portfolios internationally. Companies like Damac, Aldar, and Modon have also ventured into the UK market, establishing subsidiaries or joint ventures to capitalize on the demand for residential properties.

Arada's Expanding Global Presence

Established in 2017, Arada has rapidly grown its portfolio, with projects across the UAE and Australia valued at over 95 billion dirhams. The acquisition of Regal underscores Arada's commitment to expanding its international footprint and contributing to the global real estate market.