Aldar enters Sharjah with Dh1.1 billion purchase of homes in Aljada

Aldar has made its first property investment in Sharjah, agreeing to acquire more than 1,100 homes in the Aljada development from Arada. According to The National (15 October 2026), the deal is valued at about Dh1.1 billion and the homes are intended for long-term rental rather than resale.

What Aldar acquired

The purchase covers nine residential buildings across three blocks inside Aljada, a mixed-use district in Sharjah. According to The National (15 October 2026), the transaction is worth Dh1.1 billion and the homes are scheduled for delivery in the fourth quarter of 2029.

The seller is Arada, the developer behind Aljada itself. According to The National (15 October 2026), the two companies announced a Dh15 billion development partnership the previous month, and this acquisition is a separate deal that marks Aldar's entry into the emirate.

What it means for buyers and investors

The homes are being bought to hold and rent, not to sell unit by unit. Aldar describes the target audience as end users and long-term tenants looking for affordable housing, according to The National (15 October 2026). For an individual buyer this means these specific buildings are rental stock, so the news matters more as a market signal than as a new off-plan opportunity.

According to The National (15 October 2026), the deal adds to Aldar's develop-to-hold portfolio, which reached Dh21 billion. For investors watching the northern emirates, an Abu Dhabi-based developer committing capital to Sharjah rental housing points to deepening interest in the market beyond Dubai and Abu Dhabi. As always, verify the actual terms, service charges and rental rules before acting.