Arada to acquire an 80% stake in Thameside West Development for AED12bn.

Arada, a privately held real estate developer, agreed to acquire an 80% stake in Thameside West Development, a 47-acre waterfront mixed-use development project, for AED12 bn. “Our entry into this market was grounded in our unwavering faith in London and its attractiveness as one of the world’s leading capital cities,” Sheikh Sultan bin Ahmed Al Qasimi, Arada, Chairman.