DUBAI, July 6 (Reuters) - Arada, the UAE-based property developer backed by Gulf royal families, said on Monday it had launched an investment fund platform that will develop and manage property opportunities across the Middle East.

The new platform, called Arada Capital, aims to reach $5 billion in assets under management within four years.

Here are some details regarding the new platform:

• Arada Capital’s funds will allow institutional and qualified investors to take advantage of investment opportunities across various asset classes.

• Arada Capital is launching with a focused portfolio of investment opportunities aligned with Arada’s existing ecosystem and strategic partnerships, with plans to gradually expand into the UAE, Saudi Arabia and wider regional markets.

• Arada Capital will also gradually expand into infrastructure and broader private market strategies.

• The platform will be based in Abu Dhabi Global Market, where it is seeking final approvals for a license to operate as a fund manager.

• Mustafa Fahour has been appointed CEO and Managing Director of the platform. He previously held senior positions at companies such as Plenary, UBS, and Citigroup.

• Arada was founded in 2017 by Sheikh Sultan bin Ahmed Al Qasimi, a member of the ruling family of Sharjah, and Prince Khaled bin Alwaleed bin Talal Al Saud, son of Saudi billionaire Prince Alwaleed bin Talal.

• Arada is present in the UAE, Australia and the UK.

• The real estate development company manages a portfolio of brands that includes gyms and commercial assets.