Aldar invests more than $95 million to expand its education portfolio thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner
Aldar Properties PJSC, through its Aldar Investment business, has added scale to its diverse and growing hospitality and leisure portfolio with the acquisition of the beachfront resort, DoubleTree by Hilton Resort and Spa Marjan Island, and an adjacent beachfront development plot for a total consideration of 810 million dirhams ($220.5 million).
Aldar Properties, via its Aldar Investment business, has acquired the beachfront resort DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah, and an adjacent beachfront development plot for AED810 million ($220.5 million).