Residential Building Sale Agreement

Aldar Properties is selling a residential building in Mamsha Gardens, Saadiyat Island, for Dh586 million to GAW Capital Partners, a Hong Kong-based private equity firm. This marks GAW Capital Partners' first investment in the UAE, highlighting the strong interest in Aldar's residential properties from international investors. The building, part of a seven-building complex, features 71 apartments and townhouses with a total sellable area exceeding 16,000 square meters.

The deal reflects the growing trend of international investment in UAE real estate. Chinese and Hong Kong-based buyers significantly contributed to Aldar's sales in 2024, reaching Dh1.5 billion, a substantial increase from 2022. This trend continued into the first quarter of 2025, with sales reaching Dh1.3 billion. Other private equity firms have also been actively investing in the UAE market, with Aldar itself engaging in significant acquisitions.

Talal Al Dhiyebi, Group CEO at Aldar, emphasized the transaction's significance, stating it underscores the strength of Aldar's development platform and the appeal of Abu Dhabi's real estate market to global investors. In Q1 2025, international buyers accounted for 87% of Aldar’s UAE sales. The sale of the building at Mamsha Gardens presents an attractive opportunity for investors interested in the short-term rental market, with Aldar offering optional management services.