Aldar has acquired assets located in key destinations, with a focus on Saadiyat Island.
This comprises of 14 operating assets within various sectors ranging from hospitality, retail, residential, education and infrastructure, in addition to a selection of prime strategic land plots and projects under development on Saadiyat Island.
“Acquiring assets on Saadiyat Island presents Aldar with an unprecedented opportunity to add significant value to its portfolio,” commented Talal Al Dhiyebi, CEO, Aldar Properties. “The opening of Louvre Abu Dhabi has demonstrated the government’s commitment to make Saadiyat Island one of the most sought after destinations in the world.”
The acquisition is expected to fully complete by end of June and it is subject to the fulfillment of certain conditions.