Abu Dhabi–based Aldar Properties PJSC has reached agreement with Tourism Development & Investment Co. (TDIC) to acquire a portfolio of prime real estate assets worth AED 3.7 billion ($1.01 billion), in one of the largest real estate acquisitions in the country’s history.
Aldar has acquired assets located in key destinations, with a focus on Saadiyat Island. The transaction comprises 14 operating assets within various sectors ranging from hospitality, retail, residential, education and infrastructure, in addition to a selection of prime strategic land plots and projects under development on Saadiyat Island.
Saadiyat Island is commonly regarded as the jewel in the crown of Abu Dhabi’s real estate portfolio, and one of the most coveted in the entire Arabian Gulf. With long stretches of prime beach, and with iconic beachfront hotels, as well as high-quality beach villas and apartments, Saadiyat Island has for some time been the destination of choice for many disc
