Rixos Bab News Today

Aldar will partner with Nikki Beach Global to develop the residential development on Al-Marjan Island in Ras al-Khaimah

Aldar Properties PJSC, through its Aldar Investment business, has added scale to its diverse and growing hospitality and leisure portfolio with the acquisition of the beachfront resort, DoubleTree by Hilton Resort and Spa Marjan Island, and an adjacent beachfront development plot for a total consideration of 810 million dirhams ($220.5 million).