Aldar Properties completed a $112m investment in Ras Al Khaimah.

Aldar Properties, a real estate development and investment company, completed a $112m investment in Ras Al Khaimah, a real estate development firm. "Ras Al Khaimah represents an attractive opportunity for Aldar, due to the Emirate’s demographics, strong market dynamics, and tourism sector fundamentals. It has emerged from the pandemic as a key investment destination within the UAE and we look forward to growing our presence over time. Through the Aldar Investment platform, we are assessing opportunities to deploy further capital into new geographies and property types as part of an overarching growth strategy. This initial transaction is very much in line with our plans to leverage Aldar Investment’s strengths to grow, diversify further, and create significant value for our shareholders," Talal Al Dhiyebi, Aldar CEO.