Aldar Estates has acquired FAB Properties, adding 22,000 residential units to its portfolio and reinforcing its status as the UAE's largest integrated property management company.

Information on the Target

Aldar Estates has recently expanded its portfolio with the acquisition of FAB Properties, a well-recognized provider of comprehensive property management services based in the UAE. This strategic acquisition involves adding 22,000 residential units across 600 properties to Aldar Estates' extensive management platform, which now totals an impressive 157,000 residential units.

The integration of FAB Properties complements Aldar Estates' ongoing growth trajectory, following its recent merger with Eltizam Asset Management Group. As part of this acquisition, Aldar Estates will further enhance its capabilities in property management, significantly strengthening its position as the leading integrated property and facilities management company in the region.

Industry Overview in the UAE

The property management sector in the UAE has experienced remarkable growth, driven by a surge in population and a consistent increase in housing demand. In recent years, the emirate has seen significant infrastructural advancements and investments in real estat