UAE real estate developer Arada to acquire 80% of London riverfront development

UAE developer Arada, backed by Gulf royalty, is acquiring an 80% stake in London's Thameside West mixed-use project, valued at 2.5 billion. This significant move, following their UK business launch, aims to deliver over 5,000 homes, with construction starting in 2027. Arada's chairman expressed strong confidence in London's global appeal.