RIYADH: UAE-based property developer Arada entered Dubai"s property market with its 240 million dirhams ($65 million) land purchase at Palm Jumeirah, as the city’s property market revives. The purchase of the 20,500 square metre plot marks the company’s first project outside Sharjah, according to a statement. Design work on Arada’s mixed-use project will include residential, leisure and food and beverages facilities, with sales launch scheduled in the third quarter of 2022. The announcement comes amid Dubai property market’s revival, with Nov. 2021 marking the busiest month for property sales in the city for eight years. “The time is right for us to invest in Dubai, given the strong performance of the market during the course of 2021 and the impressive steps the Government has taken to increase interest in this sector,” CEO Ahmed Alkhoshaibi said.