Global master developer Arada is set to launch Arada Capital – a new funds management platform. It will develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and select international markets.
Arada Capital will be based in Abu Dhabi Global Market (ADGM) and has received its In-Principal Approval (IPA) from the ADGM’s Financial Services Regulatory Authority (FSRA). The platform is in the process of seeking the final licensing approvals from the FRSA to act as a fund manager.
Following receipt of approval, Arada Capital’s funds will be designed to allow institutional and qualified investors to participate directly in Arada’s pipeline and broader GCC real estate opportunities. The platform’s proposed target is US $5bn of assets under management (AUM) to be achieved over the four years after the fund has been established.
Arada Capital will be chaired by HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, and governed by an independent board. The platform is being established to provide investors with a structured, governed and institutionally credible route into the GCC real estate and infrastructure markets.
“Arada has spent nearly a decade building one of the most complete and vertically integrated real estate platforms in the world, and Arada Capital now allows institutional investors to be part of that story directly, gaining access to deal flow, expertise and governance that would be difficult to replicate elsewhere.”
HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman, Arada and Chairman, Arada Capital
Arada has appointed Moustafa Fahour OAM as CEO and Managing Director of Arada Capital. Moustafa brings over two decades of international experience across banking, infrastructure investment, asset management and public-private partnerships, having held senior positions at UBS, Citigroup, Macquarie Group and CIMIC Group.
Moustafa most recently served as COO of Plenary Middle East, where he led the delivery of landmark social infrastructure PPP projects including the UAE’s first education social infrastructure PPP programme. He will also continue to support Plenary Middle East in a strategic advisory capacity.
He will lead the establishment and expansion of Arada Capital, including the development of investment platforms and vehicles initially focused on real estate opportunities across the GCC, before expanding into infrastructure and wider private market strategies.
“Arada has built one of the region’s most respected and forward-thinking real estate platforms, underpinned by bold leadership, innovation, and a commitment to creating long-term value. Arada Capital presents a unique opportunity to build a differentiated investment platform from the region, for the region, while attracting institutional partnerships into high-quality opportunities across real estate, infrastructure, and alternative investments.”
Moustafa Fahour OAM, CEO and Managing Director, Arada Capital
Arada Capital will launch investment opportunities aligned to Arada’s existing ecosystem and strategic partnerships, with plans to broaden across the UAE, Saudi Arabia and wider regional markets. Further announcements regarding fund structure, strategy and investment opportunities will be made.
The developer has launched 11 record-breaking projects in the UAE and expanded into the UK and Australia. With a pipeline of existing and future projects across these three markets valued at AED 130bn, the company is developing approximately 55,000 units across its communities worldwide.
