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Aldar earmarks AED 5 bn for new Abu Dhabi assets

Aldar plans to up its commercial leasable area by 31% to 549k sqm

The vertical will own and manage a global portfolio of lifestyle, F&B, and entertainment brands

Five Holdings is financing the purchase with a mix of debt and equity

The hotels include Raffles, Rove City Walk, and Pullman Dubai Downtown

The contracts include a AED 200 mn project in Dubai and AED 750 mn projects in KSA

The country is expected to reverse the decline seen in 2023

CBUAE and Barclays Bank will now be using the payment linking system

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