In addition to the luxurious Nurai Island Resort, one of Abu-Dhabi’s largest developers has recently purchased two new islands near Abu Dhabi to build villas on.
Aldar will implement the Nurai Island Resort restoration plan and expand the range of hotel services and fast-food restaurants. This acquisition enables Aldar to create the supply of high-end offerings that are very attractive for sophisticated clients and real estate buyers.
The opulent Rixos Bab Al Bahr Hotel in Ras Al Khaimah was purchased by Aldar earlier, lending additional significance and diversification to its hospitality business. Aldar also bought a shopping mall in Ras Al Khaimah at approximately the same time.
The purchase deal on the two islands enables the company to develop its potential further and improve the operation of the existing and ready-to-use upscale asset. Projects already implemented on the islands make it possible to bring ultra-luxurious, premium-class seaside homes into the market, which will attract considerable international investments.