{"id":107794,"date":"2025-09-24T00:00:00","date_gmt":"2025-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/aldar-snaps-up-modons-stake-in-aldar-estates\/"},"modified":"2025-09-24T00:00:00","modified_gmt":"2025-09-24T00:00:00","slug":"aldar-snaps-up-modons-stake-in-aldar-estates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/24\/aldar-snaps-up-modons-stake-in-aldar-estates\/","title":{"rendered":"Aldar snaps up Modon\u2019s stake in Aldar Estates"},"content":{"rendered":"

ADX<\/strong>-listed Aldar Properties tightened its grip on real estate services unit Aldar Estates after<\/strong> acquiring Modon <\/strong>Holding\u2019s 17.45% indirect stake in the business<\/strong>, taking its total ownership stake to 82.55%, it said in a statement (pdf)<\/a>. Aldar Estates falls under the Aldar Investment platform, which manages an AED 47 bn portfolio of income-generating assets. Information about the value of the transaction wasn\u2019t disclosed. <\/p>\n

Aldar Estates has been firing on all cylinders:<\/strong> In the past two years, Aldar Estates ramped up the number of residential units under management by 15% to 155k, while doubling prime retail and commercial leasable space to 2 mn sqm. The platform now manages more than AED 3 bn worth of active contracts.<\/span><\/p>\n

What they said:<\/strong> \u201cAldar Estates is on a strong growth trajectory, driven by rising demand for facilities management, property management, and community services,\u201d said Jassem Salah Busaibe, CEO of Aldar Investment.<\/p>\n

Aldar Properties has been raising capital for expansion: <\/strong>The firm just this week returne<\/a>d to the debt market<\/a> with the reopening of two of its outstanding green sukuk \u2014 issued earlier in March \u2014 in a bid to raise USD 290 mn. It also closed a record AED 9 bn sustainability-linked revolving credit facility in January, the largest syndicated loan of its kind secured by a MENA developer. <\/p>\n

Market reax: <\/strong>Aldar Properties\u2019 share price shed 1.7% to AED 9.5 at yesterday\u2019s close.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm\u2019s stake in the company now stands at 82.55%<\/p>\n","protected":false},"author":1,"featured_media":107795,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[97,7,1342,60,1623,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-aldar-properties","tag-enterpriseam-uae","tag-investment","tag-ma-watch","tag-modon","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"1de435b0-92e1-4e0c-9724-cef50e640697","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/968.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aldar snaps up Modon\u2019s stake in Aldar Estates","related_issue":[107787],"teaser":"The firm\u2019s stake in the company now stands at 82.55%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.61e06e7d-a3bb-4707-9935-c504b7836860.mp3"},"yoast_head":"\nAldar snaps up Modon\u2019s stake in Aldar Estates - 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