Wednesday 28 December 2011

gulfnews : Aldar sells Dh16.8bn in assets to Abu Dhabi government

Aldar Properties PJSC Wednesday announced unit sales, asset transfers and reimbursements with the Government of Abu Dhabi, for a total consideration of Dh16.8 billion.
Under the deal, Abu Dhabi government has purchased 760 three-, four- and five-bedroom units within the Al Bandar, Al Zeina and Al Muneera developments in Al Raha Beach for a total consideration of Dh3.5bn.
“Aldar retains ownership of the remaining inventory of units at Al Raha Beach, which are available for purchase or “rent-to-own”,” the company said in a statement.

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