Aldar inks $327m deal for Al Raha development

Abu-Dhabi based real estate developer Aldar Properties has entered a Dhs1.2bn ($327m) joint venture with Investment Holdings, a local company, to develop the Al Khubeira precinct at its Dhs55bn Al Raha Beach development, reported Gulf News. Al Khubeira is a 50,000 square metre development that will comprise residential towers and waterfront villas. Aldar's Al Raha Beach development is a beachfront project under development in Abu Dhabi, along the Abu Dhabi-Dubai highway.