Aldar increases its stake in Aldar Estates to 82.55%

Aldar has further consolidated its position in the Aldar Estates platform by increasing its ownership to 82.55 per cent following the acquisition of Modon Holding's 17.45 per cent indirect stake in the business (held through its wholly owned subsidiary ADNEC Group).

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Through strategic acquisitions and strong organic growth, Aldar Estates has become the region's largest integrated real estate services company with over Dhs3 billion worth of active contracts.

The platform manages more than 155,000 residential units, which is a 15 per cent 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 Dhs2.6 billion and EBITDA to Dhs400 million, significantly contributing to Aldar's strategy of scaling diversified recurring income streams.