Aldar Properties has acquired Spark Security Services for AED 125 million, enhancing its property and integrated facilities management capabilities within the UAE.

Information on the Target

Aldar Properties PJSC has announced its complete acquisition of Spark Security Services, a leading provider of manned guarding security services in the UAE, through an all-cash transaction valued at AED 125 million. Established in 1974, Spark Security has built a strong reputation, employing over 5,000 security professionals who serve major organizations across various sectors, including infrastructure, banking, healthcare, and hospitality.

Notably, Spark Security has a history of providing security for prestigious events such as the Formula 1 Etihad Airways Abu Dhabi Grand Prix, the Papal visit to the UAE, Red Bull Air Race, Qasr Al Hosn Festival, and the Special Olympics World Games held in Abu Dhabi in 2019. This acquisition will enhance Aldar’s property and facilities management capabilities, allowing for more comprehensive service offerings to both internal and external clients.

Industry Overview in the UAE

The property and facilities management industry in the UAE is experiencing robust growth, driven by increasing urbanization, economic diversification, and rising demand for integrated services in the real estate sector. With the UAE government