Aldar Properties has acquired the Rixos Bab Al Bahr resort in Ras Al Khaimah for AED 770 million, enhancing its investment in the region to AED 1.5 billion.

Target Information

Aldar Properties PJSC, through its Aldar Investment division, has successfully acquired the Rixos Bab Al Bahr beach resort located in Ras Al Khaimah for an estimated AED 770 million. The resort features 715 luxurious accommodation units and offers guests an ultra-all-inclusive experience combined with upscale dining options and a range of recreational activities. This acquisition marks a significant enhancement to Aldar’s growing portfolio of hospitality and leisure assets.

In conjunction with this purchase, Aldar has obtained additional development rights for 250,000 square feet of gross floor area (GFA), which could be utilized for residential and commercial purposes. Overall, this strategic acquisition will increase Aldar's total investment in Ras Al Khaimah to AED 1.5 billion, further solidifying its reputation in the region's hospitality sector.

Industry Overview in Ras Al Khaimah

Ras Al Khaimah has been increasingly recognized as a prime tourist destination, particularly following the easing of international travel restrictions. The Emirate is diversifying its tourism offerings, focusing on environment