Arada, the UAE‑based master developer, has unveiled plans to build an 800‑bed healthcare network with a total investment of AED 2 billion ($544.5 million). The initiative marks a major step in the company’s strategy to diversify revenue beyond residential development.
The expansion follows Arada’s acquisition of a controlling stake in Reem Hospital in Abu Dhabi. The investment will fund the hospital’s growth and the construction of three new facilities in Dubai, Abu Dhabi, and Sharjah, all developed on a built‑to‑lease model with operating partners.
Group CEO Ahmed Alkhoshaibi said the goal is to double Reem Hospital’s capacity to 200 beds and create a network capable of treating up to four million patients annually. The first new hospital will be located in Aljada, Sharjah’s AED 35 billion mixed‑use megaproject, which has already delivered more than 8,800 homes.
The healthcare expansion complements Arada’s broader diversification drive. Over the past year, the developer has launched wellness‑focused brands Akala and Inaura, expanded its fitness arm Formative—the UAE’s largest gym operator—and entered partnerships in the food and beverage sector with names like Tashas Group and Brooki Bakehouse.
Arada’s asset management division is also overseeing major commercial projects, including Madar Mall and the Arada Central Business District, backed by construction contracts worth nearly AED 3 billion ($817 million).
The company’s growing portfolio now spans wellness, retail, and industrial ventures, including acquisitions of Raimondi Cranes and divisions from Terex Corporation and Roberts Co. Arada is also expanding internationally, targeting projects in the UK and Australia.
