Arada acquires majority stake in AED 12.3bn Thameside West project

His Highness highlighted that Arada's expansion into the British property market follows its earlier acquisition of Regal and strengthens London’s position as a leading hub for global development and investment. He noted that efforts are ongoing to meet targets and deliver the housing units on schedule.

His Highness pointed out that since the previous acquisition, the ambition has been to expand the residential project portfolio in London to reach 30,000 housing units over the next three years. He affirmed that work has already begun to achieve the set goals and deliver the housing units on time.

Commitment to strategic partnerships and quality

His Highness emphasised the importance of collaborating with strategic partners and showcasing Arada’s expertise in developing large integrated residential projects. This includes providing residents with essential facilities and services, as well as delivering high-quality residential units that meet international standards in the heart of the British capital. He explained that the Thameside West project represents a unique opportunity to establish a distinguished urban destination on the banks of the River Thames.

Project overview and key features

Located on the waterfront at the western end of the Royal Docks area in London, Thameside West will feature at least 5,000 homes, with half of the master plan area dedicated to green spaces and eco-friendly facilities, including a one-kilometre stretch of waterfront.

Strategic location and connectivity

As one of London’s most strategically situated urban destinations, the project boasts an excellent network of transport links, combining air travel through its close proximity to the city airport with motorways, railways, tunnels, river transport, and cable cars, making it easily accessible from all directions.

A major urban renewal initiative

Covering approximately 2 million square feet, Thameside West is one of Europe's largest and most strategically important urban renewal projects, with a total development value of AED 12.3 billion. The project also features the longest undeveloped waterfront in central London, offering unique views of Canary Wharf and the Greenwich Peninsula.

Affordable housing and development timeline

The current site plan allocates 35% of the housing units as affordable, supporting London's goals for accessible housing. The company will seek approval for the detailed plan in the coming days, with the first phase of construction scheduled to commence in 2027, delivering 1,000 housing units.

Arada’s expansion goals

Arada’s acquisition of Thameside West will increase its portfolio to 15,000 homes, supporting its aim to double its current number of projects in the British capital to 30,000 units within the next three years.