UAE Developer Arada Raises $400M via 5-Year Sukuk Issuance

Key Facts

1UAE-based Arada raised $400 million through a five-year sukuk issuance with a coupon rate of 8.875%.

2This represents the first new public debt issuance by a UAE real estate developer since the start of the US-Iran war.

UAE-based developer Arada raised $400 million through a five-year sukuk issuance with a coupon rate of 8.875%. Zawya reported that this represents the first new public debt issuance by a UAE real estate developer since the start of the US-Iran war.

The issuance marks a return to public debt markets for regional developers following a period of geopolitical instability. While the successful pricing signals a potential reopening of capital markets, the coupon rate reflects elevated risk premiums currently present in the market.