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In Idlib, a province often mentioned in the same breath as humanitarian crises and bombings, an urban and commercial revival is underway in some cities and towns as local businesspeople invest in large trade and residential complexes.
Al Hamra, the leading real estate development and investment company in Ras Al Khaimah, has divested one of its flagship retail assets, the Al Hamra Mall to Aldar Properties (Aldar), for a consideration of Dhs410 million.
Ras Al Khaimah has multiple indicators that amplifies its reputation as a viable investment destination within the UAE.
Aldar Properties said it has made its first investment in Ras Al Khaimah, through one of its key subsidiaries - Aldar Investment - by acquiring the 27,000-sq-m retail destination Al Hamra Mall from its RAK developer for AED410 million ($111 million).
Aldar plans to reconfigure the mall and broaden its offerings