UAE real estate developer Arada has finalised the purchase of three well-known UAE-based gym brands.
The deals cement the master developer’s position as the fastest-growing and most forward-thinking operator in the country’s fitness, sports and wellness sector.
The acquisition leaves Arada’s fitness and wellness division with a valuation of $272M, with its four brands now operating a total of 15 flagship and standard-scale gyms and studios across Dubai, Abu Dhabi and Sharjah, featuring a combined membership of 30,000.
The three brands are ladies-only superclub FitnGlam, boutique exercise hub The Platform Studios and recently launched health club FITCODE. They will be integrated into Arada’s existing fitness and wellness division, which already operates six Wellfit-branded fitness clubs in Dubai and Sharjah.
A further 11 locations in the immediate pipeline mean that the division will shortly be operating 26 gyms across the UAE, with a total membership capacity of 73,000. By the end of 2027, the division is targeting a total of 40 locations with combined membership of 100,000.
Ahmed Alkhoshaibi, Group CEO of Arada, said: “This new acquisition perfectly positions Arada’s portfolio of gym operators as the locations of choice for UAE consumers as we embark on our next stage of growth, which will include new and complementary ventures in holistic health and wellness. The addition of these three fast-growing brands to our existing Wellfit operations matches with Arada’s aim to create spaces that people connect with for happier, healthier and more meaningful lives.”
