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UAE real estate developer Arada buys 3 gym brands; fitness division valued at $272m and eyes 100,000 members


//health-fitness.news-articles.net/content/2024/ .. ion-valued-at-272m-and-eyes-100-000-members.html
Published in Health and Fitness on Tuesday, December 10th 2024 at 12:03 GMT by Arabian Business   Print publication without navigation

  • The acquisition leaves Arada's fitness and wellness division with a valuation of AED1bn ($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.

UAE real estate developer Arada has acquired three gym brands—GymNation, 1Rebel, and Arena—as part of a strategic move to expand into the fitness sector. The acquisition values Arada's fitness division at $272 million, with plans to grow its membership to 100,000 members. This expansion aims to capitalize on the growing health and wellness trend in the region, offering diverse fitness experiences from budget-friendly to luxury boutique gyms. The deal includes the integration of these brands into Arada's portfolio, enhancing its community offerings and aligning with its vision to create vibrant, health-conscious communities.

Read the Full Arabian Business Article at:
[ https://www.arabianbusiness.com/lifestyle/health-fitness/uae-real-estate-developer-arada-buys-3-gym-brands-fitness-division-valued-at-272m-and-eyes-100000-members ]

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