RAS AL KHAIMAH, 1st February, 2022 (WAM) Aldar Properties PJSC (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 sqm Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million.
The transaction adds further scale and diversification to Aldar Investment, which manages more than AED22 billion of income-generating residential, retail, commercial, hospitality and education assets.
Aldar Investment plans to invest.
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