The merger adds considerable weight to Aldar Estates, taking its portfolio of residential units under management to approximately 135,000
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 Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management