Aldar Properties completed the acquisition of a 17.45% stake in Aldar Estates from Modon Holding.

Aldar Properties, a real estate development and investment company, completed the acquisition of a 17.45% stake in Aldar Estates, a provider of integrated real estate services, from Modon Holding, an Abu Dhabi-based holding company. Financial terms were not disclosed. “Aldar Estates is on a strong growth trajectory, driven by rising demand for facilities management, property management, and community services. Supported by Aldar’s development pipeline, an expanding portfolio of investment properties, and a growing base of third-party clients, the business is well positioned to scale further, capture new opportunities in the real estate services market, and deliver long-term value to communities, clients and shareholders,” Jassem Salah Busaibe, Aldar Chief Executive Officer.