Arada Secures $100 Million Sustainability-Linked Financing from First Abu Dhabi Bank
Saturday, 16 May 2026
Arada has secured its first sustainability-linked financing facility worth $100 million from First Abu Dhabi Bank, backed by Italy’s export credit agency SACE, reinforcing the developer’s commitment to sustainable growth, green construction, and international collaboration.
Key Highlights
- Arada signed a $100 million sustainability-linked financing facility
- The financing was provided by First Abu Dhabi Bank
- The facility is backed by SACE
- The agreement represents Arada’s first sustainability-linked financing transaction
- The financing facility has been structured as a five-year Islamic financing arrangement
- Funds will support general corporate operations and ongoing project development activities
- The financing aligns with Arada’s Sustainability Performance Targets (SPTs)
- Sustainability targets will be monitored annually throughout the duration of the facility
- The initiative supports Arada’s strategy to expand green investment and sustainable construction practices
- The company aims to reduce its carbon footprint through the use of sustainable building materials
- The financing framework also supports stronger environmental awareness among suppliers and contractors
- Arada plans to continue integrating LEED and WELL certifications into future developments
- The agreement also supports enhanced health and safety standards across current and future projects
- SACE identified Arada as a strategic partner for Italian businesses operating in the UAE
- Arada previously partnered with The Armani Group on the Armani Beach Residences project at Palm Jumeirah
- The Armani partnership is expected to generate up to AED250 million in luxury Italian furnishing imports into the UAE over five years
- Since 2022, Arada has raised more than $1.5 billion through Sukuk issuances in international debt markets
- The company secured favourable ratings from Moody’s and Fitch Ratings in 2022
- Since launching in 2017, Arada has introduced 11 successful projects across the UAE
- The developer has also expanded operations into the UK and Australia markets
- Arada’s global development pipeline is valued at AED130 billion
- The pipeline includes approximately 55,000 residential units worldwide
- The company has successfully delivered 15,000 homes to date
