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Aldar unit acquires big RAK retail development for $111m

Aldar Properties said it has made its first investment in Ras Al Khaimah, through one of its key subsidiaries - Aldar Investment - by acquiring the 27,000-sq-m retail destination Al Hamra Mall from its RAK developer for AED410 million ($111 million). ....

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Aldar Properties completes first investment in Ras Al Khaimah

As part of the agreement, Aldar has also secured development rights for an extra 11,200sqm of gross floor area, with an option to acquire an additional 7,400sqm for . ....

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