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Arada, the UAE-based real estate developer backed by Gulf royals, has decided to acquire an 80% stake in the Thameside West mixed-use project in east London. The deal follows the launch of the company's UK operations a few months ago and marks a major expansion of its international portfolio. The development, valued at 2.5 billion pounds (about USD 3.29 billion), is planned to deliver at least 5,000 homes, with the first phase targeting around 1,000 units and construction planned for 2027. This acquisition also lifts Arada's London housing pipeline to 15,000 homes.
Arada, a United Arab Emirates real estate developer backed by members of Gulf ruling families, has moved to acquire an 80% stake in the Thameside West riverfront development in east London. The decision comes shortly after the company introduced its UK business earlier in the autumn, signalling a steady expansion into one of the world's most active global property markets. Advertisement
The Thameside West site carries a gross development value of 2.5 billion pounds (around USD 3.29 billion) and is planned as a large mixed-use community that will accommodate at least 5,000 homes. According to the company, the first phase alone aims to deliver 1,000 homes, with construction targeted to begin in 2027. This aligns with London's ongoing focus on strengthening large-scale regeneration zones along the Thames, many of which have seen renewed interest from foreign investors over the past decade.
The company's chairman, Sultan bin Ahmed Al Qasimi, who is part of Sharjah's ruling family, said the developer's entry into the UK market was based on long-standing confidence in London's position as a leading global capital and its ability to attract sustained investment.
Developers from the Gulf region have been increasing their presence in international real estate, supported by strong demand at home and broader diversification strategies pursued by regional economies. Several have added UK-based development platforms or formed partnerships as part of their overseas investment plans, particularly in residential housing.
With this acquisition, Arada has increased its London development pipeline to 15,000 homes. The company also aims to triple its residential pipeline in the city, targeting 30,000 homes within the next three years, indicating a long-term commitment to the UK market.
Source Reuters
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