Aldar Properties Enters Sharjah Market with AED 1.1 Billion Acquisition

Key Facts

1Aldar Properties has entered the Sharjah real estate market through a residential acquisition valued at AED 1.1 billion.

Aldar Properties has entered the Sharjah real estate market through a residential acquisition valued at AED 1.1 billion. The National reported that the deal involves the purchase of more than 1,100 homes across nine buildings within the Aljada megaproject from developer Arada, with delivery scheduled for the fourth quarter of 2029.

The acquisition represents a strategic expansion for the Abu Dhabi-based developer into the Northern Emirates to diversify its income-generating portfolio, bringing its develop-to-hold pipeline to AED 21 billion. This move aligns with strong performance in the UAE property market, where an Arada investment index found that 56% of global investors maintain serious interest in the sector, following Aldar's robust second-quarter financial results in 2026.