"House" She raises her share on a platform "House Real Estate" To reach 82.55%

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Abu Dhabi, September 23/ WAM/ Al -Dar Group announced today that the percentage of its share in the “Al -Dar Real Estate” platform to reach 82.55%, after it was acquired on an indirect stake of 17.45% of the “Modan Holding” group.

The “House of Real Estate”, through strategic acquisition deals and its strong growth path, succeeded in consolidating its position as the largest integrated platform for real estate services in the region, where it runs active contracts exceeding 3 billion dirhams, and supervises the management of more than 155 thousand housing units, registering 15% growth during the past two years, while it succeeded in doubling the areas that can be rented within Retail sectors and office spaces of the excellent category to two million square meters during the same period.

In 2024, the platform revenues increased to about 2.6 billion dirhams, achieving a net profit before interest, taxes, depreciation and consumption of 400 million dirhams, which reflects its pivotal contribution to the strategy of the house aimed at strengthening and diversifying sustainable income flows in the long run.

In this context, Jassim Saleh Boussaba, CEO of Al -Dar Investment Company, said that the platform continues its strong growth path, driven by the high demand for facilities management services, real estate management and community services, noting that both the department of the development projects of the house, and the continuous expansion of its investment assets, along with its growing customer base all contribute to enhancing the growth and expansion of the platform To seize promising opportunities in the real estate services market, which enhances its ability to achieve sustainable and long -term value of societies, agents and shareholders.

The “Dar Real Estate” is one of the main pillars of the Dar Investment platform, which runs a variety of income -generating assets of 47 billion dirhams and the acquisition deals that the company implemented contributed to enhancing the volume of its business and expanding its capabilities, to include various services, including security services, technical services, consulting solutions in the field of sustainability, and the management of residential groups, and in late 2023, The House of Real Estate acquired the “Abu Dhabi First Real Estate” company in a strategic move that enabled it to expand its customer base and enhance its offers.