Arada intends to launch Arada Capital, a new fund management platform, with the goal of accumulating $5bn in assets under management (AUM) within the next 4-years.

The new entity will establish its headquarters in the Abu Dhabi Global Market (ADGM). The platform has received preliminary approval from ADGM’s Financial Services Regulatory Authority and is currently in the process of obtaining final regulatory approval to operate as a fund manager.

The platform’s funds will enable institutional and qualified investors to gain direct access to Arada’s development pipeline, as well as broader real estate investment opportunities across the GCC, according to a statement released on Monday.

Arada has appointed Moustafa Fahour OAM as Chief Executive Officer and Managing Director of Arada Capital.