Aldar Increases Stake in Aldar Estates to 82.55% After Modon Acquisition

Abu Dhabi, UAE – September 24, 2025: Aldar Properties has strengthened its position in the region’s real estate services sector by increasing its ownership in Aldar Estates to 82.55%, following the acquisition of Modon Holding’s 17.45% indirect stake in the business. The stake was held through Modon’s wholly owned subsidiary, ADNEC Group.

This move further consolidates Aldar’s control of the Aldar Estates platform, positioning it for continued growth as the leading integrated real estate services provider in the region.

Largest Integrated Real Estate Services Company in the Region

Over the past two years, Aldar Estates has achieved remarkable growth through a combination of strategic acquisitions and strong organic performance. The platform now manages more than 155,000 residential units, reflecting a 15% increase over the period.

Additionally, Aldar Estates has doubled the amount of prime retail and commercial leasable space under management to an impressive two million square meters, underscoring its ability to scale and diversify its operations.

The company currently has over USD 817 million (AED 3 billion) worth of active contracts, making it the region’s largest and most comprehensive integrated real estate services platform.

Financial Performance in 2024

In 2024, Aldar Estates posted strong financial results, significantly contributing to Aldar’s broader strategy of building diversified, recurring income streams.

• Revenue: USD 708 million (AED 2.6 billion)
• EBITDA: USD 109 million (AED 400 million)

These results reflect the platform’s success in scaling its service offerings while maintaining operational efficiency and delivering value to both Aldar and its clients.

Rising Demand Driving Growth

Commenting on the announcement, Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, highlighted the strong momentum behind Aldar Estates and its potential for continued expansion:

“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.”

Strategic Role Within Aldar Investment Platform

Aldar Estates is a core component of the Aldar Investment platform, which oversees a diverse USD 12.8 billion (AED 47 billion) portfolio of income-generating assets.

The business has grown significantly in recent years through targeted acquisitions that have added scale and specialized capabilities across multiple service areas, including:

• Landscaping
• Security
• Technical services
• Sustainability consulting
• Community management

One of its most notable transactions was the late-2023 acquisition of FAB Properties, which substantially expanded Aldar Estates’ client base and enhanced its ability to deliver a broader range of services to the market.

Positioned for Future Growth

With an increased majority stake and a strong operational track record, Aldar is now better positioned to leverage Aldar Estates as a key growth driver.

The platform’s integrated service model, combined with Aldar’s development pipeline and investment property portfolio, provides a powerful foundation to capture opportunities across the UAE and beyond.

This acquisition reflects Aldar’s strategy to diversify income streams, expand its services business, and deliver sustainable, long-term value to shareholders while enhancing the quality of life in the communities it serves.