Arada Expands to Syria with Transformative New Damascus Megaproject

Arada, the distinguished property developer with a formidable presence across the United Arab Emirates, the United Kingdom and Australia, has announced an ambitious expansion into the Syrian Arab Republic through a transformative joint venture with the Syrian Sovereign Fund. This landmark collaboration represents a pivotal moment in the developer’s international trajectory and underscores the nation’s emergence as a compelling destination for world-class real estate development.

The agreement, ceremonially signed in Damascus by Ahmed Alkhoshaibi, Chief Executive Officer of Arada Group, and Mohammed Al Khayyat, Board Member and Chief Executive Officer of the Real Estate Development Sector at the Syrian Sovereign Fund, sets the stage for an extraordinary $7 billion mixed-use megaproject in New Damascus.

Sprawling across four million square metres of carefully selected terrain west of the capital, this fully integrated community represents an architectural and urban planning achievement of considerable magnitude. The development will comprise 11,000 residential units, thoughtfully designed to accommodate diverse lifestyle preferences and family requirements. Beyond residential offerings, the community incorporates an impressive array of complementary facilities and amenities that create a truly comprehensive living environment.

Among its distinguished features, the project encompasses extensive hospitality and retail spaces, elevating the visitor and resident experience through curated commercial offerings. Educational infrastructure of the highest order will serve 5,000 students, whilst a 300-bed hospital ensures comprehensive healthcare provision for residents and the broader community. Vast parks and generously proportioned recreational areas provide verdant spaces for leisure, wellness and social connection, reflecting contemporary sensibilities regarding quality of life and environmental stewardship.

This development stands as one of the most significant foreign real estate investments in Syria since the nation’s transition into its new chapter of reconstruction and national development, embodying confidence in the country’s future and commitment to creating spaces of enduring elegance and utility.