The Abu Dhabi developer is armed with $1.85bn in capital and has the resources to make purchases in its home market and around the UAE.
Aldar Properties has built up a cash war chest and is actively seeking out large real estate investment opportunities. With holdings spanning retail, commercial, residential and school properties, the company finds these markets the most interesting in terms of acquisition opportunities. According to a statement, the company is targeting real estate portfolios that are for the most part either owned by large families of zoned near government entities.
Chief Financial Officer, Greg Fewer said: “We’ve got a rich pipeline of opportunities across all the areas that we’re focused on – UAE real estate, Egyptian opportunities as well as Saudi opportunities.”
Alongside this, Aldar is planning a significant drive to boost the efficiency of the buildings it operates in Abu Dhabi.
