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Aldar Properties acquires Rixos Bab Al Bahr for Dhs770m, takes total investment in RAK to Dhs1.5bn
RAK Hospitality Holding has confirmed the sale of the 715-key all-inclusive Rixos Bab Al Bahr hotel in Ras Al Khaimah (RAK) for a total of Dhs770m to Abu Dhabi-headquartered Aldar Properties. Aldar – which signed the deal through its investment division – has also secured development rights for an additional…
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