Arada Developments, co-owned by the son of Saudi Arabian Prince Alwaleed bin Talal and a member of Sharjah's royal family, is investing 2.5 billion dirhams ($680 million) in a London real-estate developer as it expands its operations into developed markets.

London

Arada Developments, a company co-owned by the son of Saudi Prince Al-Waleed bin Talal and a member of Sharjah's royal family, has invested $680 million to acquire a 75% stake in London-based real estate developer Regal. This move is part of Arada's strategy to diversify its investments outside the UAE, following increased demand and rising prices in Sharjah that have benefited the company.

Regal currently has around 10,000 residential units under construction in London, with plans to triple this number over the next three years. The investment targets a market where home sales have slowed due to higher borrowing costs, and includes a mix of luxury residences, student accommodations, senior living, and office spaces. Arada's approach aims to cushion against market cycles in the UAE by expanding into international markets.

Mideast Royals invest $680 million In London developer regal

Arada Developments is investing $680 million to acquire a 75% stake in the London-based real estate developer Regal. Arada is co-owned by the son of Saudi Arabian Prince Al-Waleed bin Talal and a member of Sharjah's royal family. For more, let's talk to Bloomberg's Middle East finance reporter Zainab Fattah. So interesting, also quite a significant stake in this British real estate developer. What's the thesis behind the investment? It's really another facet of Dubai's boom kind of spilling over to the UAE. So this company, Arada, is basically a developer in Sharjah, which is the northern neighbor of Dubai. Sharjah saw huge demand as prices and rents soared in the city, and Sharjah became kind of a haven for a lot of people trying to flee the increasing cost. And that in itself created a boom that benefited Arada. A lot of developers in the UAE, whether in Abu Dhabi or Dubai or Sharjah, are kind of looking at ways to recycle some of this cash that they built up. And going and investing in other markets means that they're able to cushion themselves against the market cycle. So when things slow down here, there is hopefully lower interest rates in the rest of the world. At the same time, they cannot put their cash to use, and they're not that way forced to oversupply the market here. And why London? Why London specifically? Because Arada also did an investment in Australia last year. Basically they have 200,000, 500 homes that they're building in Australia, so they're looking elsewhere. But London is a place where they see an opportunity. Demand for homes have fell because of the higher borrowing costs. Fewer than 4,000 homes were sold in the first half of this year, and the market looks extremely slow from their point of view. This won't stay forever. So they think this will change. What are the types of properties that they'll be looking to get involved in in London? So Regal has around 10,000 units under construction. This is their pipeline. They expect to triple that in the next three years, so you can see how much money they think this will help the company go ahead and complete the supply. They work on residential, which is partly luxury. They have also student accommodations, senior living, communities, also co-working spaces and office space. So they're a pretty well-diversified, mid-to-small developer. They're not one of the biggest ones in the UK.

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