Tashas Group secures AED80m Arada backing for 20-site expansion
Casual dining operator plans Mall of the Emirates and First Avenue Mall Jumeirah as next UAE locations under funded rollout.
Arada commits AED80m to Tashas Group rollout#
Tashas Group has secured AED80 million in backing from Arada to fund expansion of its casual dining concept to 20 locations across the UAE. The investment supports the operator's growth plan for its restaurant format, which operates under the Tashas brand. Arada's commitment was disclosed in a published report on 15 January 2025. The funding will cover development costs for the multi-site programme.
Mall of the Emirates and First Avenue Mall Jumeirah confirmed as next sites#
The next Dubai openings are scheduled for Mall of the Emirates and First Avenue Mall Jumeirah. Both sites will operate under the Tashas casual dining format. Opening dates for the two locations have not been disclosed in the published material. The expansion follows the operator's existing presence in the UAE market, where it runs multiple locations. The two mall sites represent the initial phase of the 20-location target.
20-location target under funded programme#
The AED80 million facility will finance development of 20 sites in total across the UAE. The programme covers fit-out, equipment and operational launch costs for each location. Tashas Group operates a casual dining model described in published material as a canteen concept. The 20-site target represents the scope of the current funded expansion phase. No timeline for completion of the full rollout has been disclosed.
Arada investment structure and portfolio context#
Arada's backing takes the form of development capital committed to the multi-site rollout. The investment structure and equity terms were not disclosed in the published material. Arada is a UAE-based developer with operations across residential, commercial and mixed-use projects. The hospitality investment sits within its commercial portfolio. The commitment marks Arada's entry into casual dining operator backing as a capital provider.
Sources1 source across 1 domain
- arabianbusiness.comArabian BusinessAED80 million backing from Arada for 20-site expansion, with Mall of the Emirates and First Avenue Mall Jumeirah as next locations
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