Aldar has increased its stake in Aldar Estates to 82.55% by acquiring Modon Holding’s indirect share, consolidating its position as the region’s largest integrated real estate services company.

Information on the Target

Aldar has enhanced its stake in Aldar Estates, the largest integrated real estate services company in the region, bringing its ownership to 82.55%. This increase follows the acquisition of a 17.45% indirect shareholding previously held by Modon Holding through its subsidiary, ADNEC Group. Aldar Estates has seen substantial growth, managing over 155,000 residential units, which reflects a 15% growth within the last two years, alongside a doubling of its prime retail and commercial leaseable space to two million square meters.

The platform not only oversees AED 3 billion worth of active contracts but is also positioned for future expansion. With a proven track record in managing sizable residential units and commercial spaces, Aldar Estates has established itself as a leader in the real estate services market, strongly contributing to its parent company’s financial objectives.

Industry Overview in the Target’s Specific Country

The real estate industry in Abu Dhabi has demonstrated remarkable resilience and growth, driven by increasing population dynamics and the quest for modern amenities. The demand for integrated real estate services has surged as bot