Alpha Dhabi completed the acquisition of an additional 17% stake in Aldar Properties.

Alpha Dhabi, an UAE-based conglomerate, completed the acquisition of an additional 17% stake in Aldar Properties, a real estate development, management and investment company. Financial terms were not disclosed. “The real estate sector has been witnessing an outstanding recovery during 2021, and demand for residential, commercial, hospitality and logistics units continue to grow as a result of the resilience and agility of the country’s post-pandemic strategy,” Hamad Salem Mohamed Al Ameri, Alpha Dhabi Holding Managing Director and CEO.