Aldar has strengthened its control over the Aldar Estates platform by increasing its ownership to 82.55 percent, following the acquisition of a 17.45 percent indirect stake previously held by Modon Holding through its wholly owned subsidiary, ADNEC Group.
The transaction marks a strategic move to further consolidate Aldar’s position in the integrated property and facilities management sector, enhancing its ability to scale operations and deliver long-term value.
Through strategic acquisitions and strong organic growth, Aldar Estates has become the region’s largest integrated real estate services company with over $816 million (AED3 billion) worth of active contracts.
The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years, and has doubled prime retail and commercial leasable space under management to two million sqm in the same period.
In 2024, the business increased revenue to $707 million (AED2.6 billion) and EBITDA to $108 million (AED400 million), significantly contributing to Aldar’s strategy of scaling diversified recurring income streams.
Jassem Salah Busaibe CEO – Aldar Investment
“Aldar Estates is on a strong growth trajectory, driven by rising demand for facilities management, property management, and community services. Supported by Aldar’s development pipeline, an expanding portfolio of investment properties, and a growing base of third-party clients, the business is well positioned to scale further, capture new opportunities in the real estate services market, and deliver long-term value to communities, clients, and shareholders.”
Aldar Estates
Aldar Estates is a key business within the Aldar Investment platform, which manages a diverse $12 billion (AED47 billion) portfolio of income-generating assets. Several acquisitions by Aldar Estates have added significant scale and capabilities across landscaping, security, technical services, sustainability consulting, and community management. In late 2023, Aldar Estates also acquired FAB Properties, substantially broadening the client base and offering.
