Arada Lists $450M Sukuk on Nasdaq Dubai Boosts Growth Plans

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Nasdaq Dubai has welcomed a major new listing from Arada Developments LLC, one of the UAE’s fastest-growing master developers. The company has issued a Sukuk worth US$450 million under its Arada Sukuk 2 Limited Trust Certificate Issuance Programme, which allows it to raise up to US$1 billion. This new Sukuk will mature in 2030, giving investors a stable opportunity to earn returns over the long term.

The offering was extremely popular. Investors placed orders totaling more than four times the amount available, with over US$2 billion in requests from both regional and international buyers. The Sukuk was priced at a profit rate of 7.150 percent, reflecting strong confidence and interest from investors around the world.

This new listing builds on Arada’s successful history in raising funds through debt capital markets. After this latest issue, the total value of Arada’s Sukuk listed on Nasdaq Dubai has reached US$1.5 billion across three separate transactions.

To celebrate the listing, HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, rang the market-opening bell at Nasdaq Dubai. The ceremony was attended by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.

Prince Khaled expressed his happiness, saying, “We are delighted to be returning to Nasdaq Dubai for our third Sukuk. This shows growing international investor confidence in Arada. Since our last issuance, we have entered two new markets and achieved record results in property launches, sales, and handovers. This strong performance has attracted global interest for our Sukuk programme and confirms Arada as one of the fastest-growing master developers in the region.”

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, also welcomed the listing. He said, “Arada’s return highlights the strength and variety of the Sukuk market on our exchange. The high demand shows that investors trust these issuers and are looking for opportunities here. Nasdaq Dubai continues to connect companies with international capital and support the growth of leading UAE businesses, helping Dubai strengthen its position as a global hub for Islamic finance.”

This listing is a key part of Arada’s strategic plan to expand in the UAE and international markets. By raising funds through Sukuk, the company can invest in new projects and growth opportunities, strengthening its footprint and continuing to deliver strong results.

Overall, the total value of Sukuk listed on Nasdaq Dubai has now reached US$100.6 billion, showing the exchange’s importance in global Islamic finance. The total value of all debt securities on the exchange currently exceeds US$141.6 billion, demonstrating a robust market that connects UAE companies with global investors.

For Arada, this Sukuk listing is not just about raising money. It is also a sign of trust from investors worldwide and a way to support the company’s continued growth. It reflects confidence in the UAE real estate market and shows that investors are willing to back companies with strong performance, clear strategies, and proven results.

In the past few years, Arada has expanded rapidly, completing several landmark developments and entering new markets. Its projects often attract high demand from buyers and investors alike. With this Sukuk, Arada has more financial flexibility to invest in upcoming projects, launch new developments, and continue growing as a leading master developer in the region.

Experts say that the oversubscription of the Sukuk, receiving over US$2 billion in orders, indicates strong confidence in Arada’s financial management and growth strategy. Such investor enthusiasm is a positive sign for the UAE’s real estate sector and demonstrates the appeal of Sukuk as a Sharia-compliant investment instrument that provides stable returns over time.

This development is also a milestone for Nasdaq Dubai. It continues to show the exchange as a major platform for global investors looking to invest in the UAE through Islamic finance instruments. The listing strengthens Dubai’s position as a financial hub where local and international companies can raise funds efficiently, contributing to the city’s economic growth and development goals.

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