Aldar Properties has acquired a 75% stake in Basatin Landscaping for AED 150 million, expanding its Aldar Estates platform to enhance integrated property and facilities management services in the UAE.

Information on the Target

Basatin Landscaping (Basatin) is a prominent provider of comprehensive landscaping services in the United Arab Emirates. The company specializes in a variety of offerings, including design, installation, paving, gardening, and green waste disposal. With over 1,000 employees, Basatin has established itself as a reliable contractor for significant clients in the region, including the Department of Municipalities and Transport and the Expo 2020 initiative.

This acquisition positions Basatin strategically within Aldar Estates, enriching its integrated property and facilities management services portfolio. By holding a 75% majority stake in Basatin, Aldar is set to enhance its service capabilities to cater to the growing demands of its clientele.

Industry Overview in the UAE

The landscaping market in the UAE has witnessed robust growth, fueled by the country’s favorable demographic trends and the ongoing development of ambitious me