Aldar Properties completed the acquisition of Nurai Island Resort.

Aldar Properties, a real estate development and investment company, completed the acquisition of Nurai Island Resort, a hotel and resort operator. Financial terms were not disclosed. "Nurai Island Resort adds a new dimension to our hospitality portfolio, catering to local and international visitors seeking a world class ultra-luxury experience. The multi-faceted element of the deal provides us with significant room for both development potential and operational improvements on an existing and ready to perform luxury asset. It also allows us to leverage our asset management and execution capabilities to drive further value, as we continue to deploy capital effectively and drive forward with our ambitious growth agenda," Jassem Busaibe, Aldar CEO.