UAE real estate developer Arada has acquired an 80% stake in the Thameside West riverfront development in London’s east. This landmark project is valued at £2.5 billion ($3.29 billion) and aims to deliver over 5,000 new homes. Construction for the first phase, which includes 1,000 homes, is scheduled to start in 2027.
Major Investment in London Riverfront
Arada’s acquisition of Thameside West marks a significant expansion in its London real estate pipeline, raising it to 15,000 homes. The company has bold plans to triple this pipeline to 30,000 homes over the next three years. This project is one of Europe’s largest riverfront regeneration opportunities, spread over 47 acres and designed by Foster + Partners.
Strategic Location and Development Plan
The Thameside West development boasts excellent transport connections, including the nearby Silvertown Tunnel, Custom House station, City Airport, and the IFS Cable Car. Arada, working with local authorities like the London Borough of Newham and Transport for London, plans to deliver a new DLR station to further improve connectivity. Half of the development area will be dedicated to green spaces along one kilometer of active waterfront.
Leadership Statement
His Highness Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said the company’s investment is driven by its strong belief in London as a premier global city. He emphasized Arada’s commitment to bringing large-scale, amenity-rich residential projects to the city and contributing to its housing supply.
Broader Growth Strategy
This acquisition follows Arada’s earlier UK investment in the Regal development company. It is part of a larger Gulf trend where developers diversify internationally beyond their home markets. Arada’s approach highlights its focus on creating vibrant, sustainable communities that offer residents a high quality of life.
The London riverfront project represents a vital step in Arada’s vision to grow its international portfolio and shape the future of urban living in one of the world’s most dynamic cities. This development will create new housing options and play a key role in transforming London’s Royal Docks into a lively and connected neighborhood.
