Aldar Properties PJSC has acquired Nurai Island Resort and two additional islands near Abu Dhabi, enhancing its luxury hospitality portfolio and development opportunities in the region.
Target Information
Aldar Properties PJSC has recently expanded its portfolio by acquiring the Nurai Island Resort, a unique beachfront hotel located on Nurai Island, along with two additional islands intended for residential development within the Abu Dhabi archipelago. The acquisition of this one-of-a-kind luxury resort allows Aldar to enhance its hospitality offerings, aiming to attract both local and international visitors.
The Nurai Island Resort, completed in 2015, is a private luxury destination accessible only by sea. It features an array of amenities, such as a private beach, multiple dining options, a spa, a swimming pool, and facilities for water sports. The property also includes a selection of third-party owned villas, some of which are part of the hotel's rental pool, showcasing its potential for a short-term letting market.
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Industry Overview in Abu Dhabi
The hospitality industry in the UAE, and particularly in Abu Dhabi, is thriving, bolstered by an increase in tourism and a strategic push for luxury offerings in the region. The city has witnessed considerable inves
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Aldar Properties PJSC
invested in
Nurai Island Resort
in 2022
in a Other deal