Aldar has moved to strengthen its position within Aldar Estates, confirming that its ownership has risen to 82.55% following the purchase of Modon Holding’s 17.45% indirect stake, previously held through ADNEC Group. The transaction, announced in Abu Dhabi, UAE on 23 September 2025, marks the latest step in Aldar’s wider strategy to expand its real estate services platform across the region.

Over the past two years, Aldar Estates has undergone sizeable growth, emerging as the region’s largest integrated real estate services company. The business now manages more than 155,000 residential units, reflecting a 15% rise in that period, and has also doubled its prime retail and commercial leasable space to two million sqm. The platform currently oversees more than AED 3 billion worth of active contracts.

Financial performance has also strengthened, with 2024 revenue reaching AED 2.6 billion and EBITDA climbing to AED 400 million, supporting Aldar’s aim to build diversified recurring income streams within its broader investment portfolio.

Commenting on the development, Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, said: “Aldar Estates is on a strong growth trajectory, driven by rising demand for facilities management, property management, and community services. Supported by Aldar’s development pipeline, an expanding portfolio of investment properties, and a growing base of third-party clients, the business is well positioned to scale further, capture new opportunities in the real estate services market, and deliver long-term value to communities, clients and shareholders.”

Aldar Estates plays a central role in the Aldar Investment platform, which manages a diverse AED 47 billion portfolio of income-generating assets. Recent acquisitions have enhanced capabilities across security, landscaping, technical services, sustainability consulting and community management. The platform’s scale was further expanded in late 2023 with the acquisition of FAB Properties, significantly increasing its client base and service offerings.

As demand for integrated real estate services continues to rise across the UAE, Aldar’s latest move signals its intent to further develop the platform and pursue opportunities aligned with its long-term growth plans.