ABU DHABI / WAM Aldar Properties has announced that it reached an agreement with Tourism Development & Investment Company (TDIC) to acquire a portfolio of prime real estate assets worth AED3.7 billion, in one of the largest real estate acquisitions in the country’s history. Aldar has acquired assets located in key destinations, with a focus on Saadiyat Island. This comprises ...

DUBAI / WAM Dubai Investments has announced strong Q1 financial results, announcing that net profit increased by 25% to AED362 million as compared to AED289 million for Q1 2017. Khalid bin Kalban, Managing Director and CEO of Dubai Investments, said, “Dubai Investments is pleased to announce strong Q1 results which has been driven by the strategic acquisition of additional 50% ...

TOKYO / WAM An Abu Dhabi delegation to Tokyo, headed by Abu Dhabi Investment Office of the Department of Economic Development (DED), held a coordination meeting on Monday in Tokyo. The delegation conducted a series of bilateral meetings between the participating bodies with Japanese investors and businessmen in order to familiarise them with the best investment opportunities that the government ...