Arada earmarks AED 6 bn for Sydney’s housing market: Sharjah-based developer Arada Developments has launched its first office in Australia, with plans to develop residential projects worth AED 6 bn in Sydney “to address the current housing shortage” in the city, according to a press release. The Australian office will be led by Arada’s Australian-born group CEO Ahmed Alkhoshaibi.

Breaking ground next year: The developer plans to launch sales and construction of the initial projects in 2025, adding over 2.5k homes to Sydney’s housing market, in addition to commercial and retail spaces. The developer has tapped architecture firm Woods Bagot to design the Australian developments, which will feature Sharjah’s Wellfit gyms.

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