Arada has successfully closed a $150 milliontap of its existing $400million sukuk,which was issued in June and listed on both the London Stock Exchange and Nasdaq Dubai.Part of the master developer’s $1 billion Sukuk programme, the tap took the issuance over benchmark size to $550 million. The tap was priced at $102.54 with tap yield of 7.35% (representing a 15bps tightening from Initial Pricing Thoughts). Excluding Joint Lead Managers’ demand, the subscription orderbook peaked at over $480 million, 3.2 times the offer size. Arada’s existing five-year fixed rate RegS debut Sukuk issuance is rated BB- by Fitch and B1 by Moody’s. Ahmed Alkhoshaibi,

The Sharjah Investment and Development Authority (Shurooq) showcased its key projects, including Ajwan Khorfakkan, Maryam Island, and Sharjah Sustainable City, at the 7thedition of the Sharjah Investment Forum held on 18-19 September, under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah. During the forum, a key highlight was the exhibit featuring Shurooq’s residential project Ajwan, located in the picturesque city of Khorfakkan. With its strategic location, breathtaking views of the Gulf of Oman, and majestic mountains, the project seamlessly blends natural beauty with elegant living spaces. During the two-day

Aradahas finished the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. All 986 homes in the Kaya and Robinia districts have now begun the handover process as one of the UAE’s most exciting new master communities reaches the 50% completion mark. Villas and townhouses in Kaya and Robinia range from two-bedroom townhouses to five-bedroom Forest Villas, all of which are equipped with smart home features and located next to Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’ containing 70,000 trees. The home deliveries come shortly after a visit from HH Sheikh Dr

FAM Holding Group, the leading UAE-based real estate developer, has revealed the completion of the “Art Tower” project overlooking Al Nahda Street, opposite Sahara Mall on the border line between Sharjah and Dubai. The “Art Tower” consists of 18 residential floors, and includes 160 residential apartments with various designs and different spaces that suit all needs and requirements. The tower is distinguished by its location, and surrounded by many vital centers such as major shopping malls and daily service outlets, which adds to an integrated lifestyle. The units of the "Art Tower" project vary between Studios, one bedroom, two-Room apartments, all designed