Aldar Properties and Dubai Holding to form a joint venture.

Aldar Properties, a real estate development, management and investment company, and Dubai Holding, a real estate company, agreed to form a joint venture to develop exciting new living experiences across prime locations in Dubai. Financial terms were not disclosed. “Through the execution of our transformational growth agenda, we continue to generate expansion opportunities, which are driving new revenue streams and creating greater shareholder value. Our entry to Dubai is a milestone moment for Aldar, and we are excited about our long-term growth potential in the emirate alongside Dubai Holding, a prominent and strategic partner," Talal Al Dhiyebi, Aldar Properties, CEO.