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Aldar Estates

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Namestring
Aldar Estates
Legal namestring
ALDAR ESTATES Sole Proprietorship LLC
Company typeenum
Private
Founded yearint
2023
Descriptiontext

Aldar Estates is the UAE's largest integrated real estate services provider and a wholly-owned subsidiary of Aldar Properties PJSC (publicly listed on the Abu Dhabi Exchange). Founded in 2023 and headquartered in Abu Dhabi, the company employs 2,500+ professionals delivering end-to-end real estate services across eight core verticals: Property Management, Community Hospitality & Service, Integrated Asset Services, Valuation & Advisory, Facilities Management, Security, Landscaping, and Decarbonization & Sustainability. The company manages 235+ communities, 155,000+ residential units, 1.7 million sqm of prime commercial GLA, and 7 million sqm of landscaped areas across the UAE and broader region.

The platform is built on integrated facilities management technology featuring IoT-enabled smart building solutions, CAFM systems, data analytics, and predictive maintenance capabilities. Proprietary capabilities include ESCO-accredited Energy Services (300+ energy audits, 65M+ kWh savings, 30K+ tons CO2 reduction since 2015), an Integrated Asset Services platform managing 4,000+ facilities with 50,000+ inspections, and smart IoT infrastructure for footfall tracking and service optimization. The 2025 consolidation of seven acquired brands (Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, Spark) under a unified platform further extends service breadth.

Aldar Estates generates revenue primarily through recurring managed-services fees from property and facilities management contracts (valued at approximately AED 1.6 billion), owners' association management service charges, RICS-compliant valuation and advisory fees, sales and leasing brokerage commissions, and ESCO sustainability services. Distribution is enterprise-led with direct sales targeting property owners, investors, developers, and master-planned communities across UAE, KSA, Egypt, and the UK. Geographic expansion into Saudi Arabia, the CoreLynx utility services JV with EHC Investment, and the Darna Loyalty Program signal active growth in adjacent verticals and customer engagement.

Short descriptiontext

Aldar Estates is the UAE's largest integrated real estate services provider, delivering property management, facilities management, community hospitality, security, landscaping, valuation, and sustainability services across 235+ communities and 155,000+ residential units in the UAE and broader region.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersAbu Dhabi, United Arab Emirates
HQ citystring
Abu Dhabi
HQ countrystring
United Arab Emirates
HQ regionstring
Middle East
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
property management services, facilities management solutions, real estate advisory, community management services, decarbonization consulting
Industry3 codes
1Multifamily Apartment Property Management
CodeBPAJAFAAPrimaryYes
2Property Management Advisory & Leasing Administration
CodeFSAEAJANPrimaryNo
3Residential Investment Property Brokerage (SFR/Small Multifamily)
CodeBPAJAAAEPrimaryNo
NAICS code4 codes
  • Real Estate Property Managers53131
  • Residential Property Managers531311
  • Offices of Real Estate Agents and Brokers5312
  • Offices of Real Estate Appraisers53132
SIC code3 codes
  • Real Estate Agents & Managers (For Others)6531
  • Operators Of Nonresidential Buildings6512
  • Real Estate6500
Product category
Real Estate Services & Facilities Management
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model5 records
1Property and Facilities Management Services
TypeManaged Services
Description

Recurring management fees from property management contracts covering residential units, commercial spaces, and integrated facilities management. Facilities management contracts valued at approximately AED 1.6 billion.

aldarestates.com
2Owners' Association Management
TypeManaged Services
Description

Service charge budgeting and collection for community management including residential units, master communities, and lifestyle services.

aldarestates.com
3Valuation and Advisory Services
TypeProfessional Services
Description

RICS-compliant valuation reports, market analysis, feasibility studies, and advisory services across Abu Dhabi, Dubai, KSA, and Egypt. Total market valuations of AED 427 billion (Abu Dhabi) and AED 739 billion (Dubai).

aldarestates.com
4Sales and Leasing Services
TypeTransaction Fee
Description

Property sales and leasing brokerage services for residential, commercial, and retail sectors with strategic marketing and network reach.

aldarestates.com
5Energy and Sustainability Solutions
TypeProfessional Services
Description

Energy auditing, green building consultancy, smart energy services, EV charging (CPO), and renewable energy services generating AED 91M+ in utility bill savings for clients.

aldarestates.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Pricing details1 tier
1Facilities Management Contracts
ModelOtherBilling cadenceMulti-year contract
Notes

Approximately AED 1.6 billion in facilities management contracts. Contract-based pricing with scope varying by portfolio size and service requirements.

aldarestates.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Aldar Estates is the UAE's leading integrated real estate services provider, delivering eight core service lines: property management, facilities management, community hospitality, integrated asset services, valuation and advisory, security, landscaping, and decarbonization/sustainability solutions. The company manages 155,000+ residential units, 1.7 million sqm of commercial space, and 235+ communities across the UAE and broader region. Services are delivered directly through 2,500+ professionals with technology-enabled operations including IoT, CAFM systems, and predictive maintenance.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 8 values shown
  • 93%+ residential occupancy rate maintained
+7 more records
Product overview1 text field

Aldar Estates is a platform of integrated real estate services offering eight core service lines: Property Management (commercial and residential), Community Hospitality & Service (district management, owners' association, and lifestyle), Integrated Asset Services, Valuation & Advisory, Facilities Management, Security, Landscaping, and Decarbonization & Sustainability. The company operates as a unified platform following the 2025 consolidation of acquired brands including Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark, plus the CoreLynx joint venture for utility services. Services span the entire property lifecycle from development planning through facilities management, security, and sustainability.

Product and service1 record
1Property Management
Scale indicator31 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-01
Description

Aldar Estates and EHC Investment launched a joint venture, CoreLynx, aimed at improving utility services in Aldar Estates' communities. This strategic partnership focuses on enhancing infrastructure and service delivery within managed communities through combined expertise.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-05-26
Description

Aldar Estates announced strategic realignment integrating brands including Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark under a unified platform to improve operational efficiency, enhance client services, and unlock new growth opportunities. The integration builds on recent growth and acquisitions.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Emirates International Gas provides solutions including gas distribution and fire safety systems as part of the CoreLynx joint venture with Aldar Estates and EHC Investment, delivering comprehensive utility services to Aldar Estates' communities.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

UAE-based integrated property and community management firm now consolidated under Aldar Estates. Pre-acquisition, it was a direct competitor in integrated FM, community management, and home services across the UAE, and its brand has been retained within the Aldar Estates platform.

TypeDirect peer
Description

Qatar-headquartered integrated facilities management company with UAE operations. Comparable to Aldar Estates on integrated FM, property management, and energy services for residential, commercial, and industrial portfolios in the Gulf region.

TypeBroad incumbent
Description

Global commercial real estate services leader with significant Middle East operations. Comparable to Aldar Estates on valuation, advisory, property management, and integrated facilities services for institutional and enterprise clients.

TypeBroad incumbent
Description

International real estate services firm operating across the UAE and broader Gulf. Comparable to Aldar Estates on property management, valuation, and advisory services for high-end residential, commercial, and master-planned community clients.

TypeDirect peer
Description

UAE-based integrated facilities management and property services firm. Competes with Aldar Estates on hard and soft FM, property management, and security services for commercial and residential portfolios across the Middle East.

TypeBroad incumbent
Description

Global real estate services firm with strong UAE/KSA valuation, advisory, and property management operations. Directly comparable to Aldar Estates' Valuation & Advisory and Property Management service lines; notably, Aldar's CFO came from this firm.

TypeDirect peer
Description

UAE-based integrated facilities management and property services company. Directly comparable to Aldar Estates' facilities management, security, and maintenance lines, serving similar commercial, residential, and hospitality clients across the Emirates.

TypeBroad incumbent
Description

Global real estate services giant with a major presence in the UAE and broader Middle East. Comparable to Aldar Estates' valuation, advisory, property management, and integrated facilities management lines, with broader international reach and proptech capabilities.

TypeBroad incumbent
Description

Global real estate consultancy with established UAE operations covering valuations, advisory, and property management. Comparable to Aldar Estates on the valuation and advisory side in particular, given the regional market overlap.

TypeDirect peer
Description

Leading UAE-based facilities management and property services provider. Directly competes with Aldar Estates on integrated FM, soft services, and energy management contracts across commercial and residential portfolios in the UAE.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile6 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries7 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Aldar Estates

Real Estate Services & Facilities Managementaldarestates.com

Aldar Estates is the UAE's largest integrated real estate services provider, delivering property management, facilities management, community hospitality, security, landscaping, valuation, and sustainability services across 235+ communities and 155,000+ residential units in the UAE and broader region.

What Aldar Estates does

Aldar Estates is the UAE's largest integrated real estate services provider and a wholly-owned subsidiary of Aldar Properties PJSC (publicly listed on the Abu Dhabi Exchange). Founded in 2023 and headquartered in Abu Dhabi, the company employs 2,500+ professionals delivering end-to-end real estate services across eight core verticals: Property Management, Community Hospitality & Service, Integrated Asset Services, Valuation & Advisory, Facilities Management, Security, Landscaping, and Decarbonization & Sustainability. The company manages 235+ communities, 155,000+ residential units, 1.7 million sqm of prime commercial GLA, and 7 million sqm of landscaped areas across the UAE and broader region.

The platform is built on integrated facilities management technology featuring IoT-enabled smart building solutions, CAFM systems, data analytics, and predictive maintenance capabilities. Proprietary capabilities include ESCO-accredited Energy Services (300+ energy audits, 65M+ kWh savings, 30K+ tons CO2 reduction since 2015), an Integrated Asset Services platform managing 4,000+ facilities with 50,000+ inspections, and smart IoT infrastructure for footfall tracking and service optimization. The 2025 consolidation of seven acquired brands (Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, Spark) under a unified platform further extends service breadth.

Aldar Estates generates revenue primarily through recurring managed-services fees from property and facilities management contracts (valued at approximately AED 1.6 billion), owners' association management service charges, RICS-compliant valuation and advisory fees, sales and leasing brokerage commissions, and ESCO sustainability services. Distribution is enterprise-led with direct sales targeting property owners, investors, developers, and master-planned communities across UAE, KSA, Egypt, and the UK. Geographic expansion into Saudi Arabia, the CoreLynx utility services JV with EHC Investment, and the Darna Loyalty Program signal active growth in adjacent verticals and customer engagement.

Aldar Estates firmographics

Firmographics
Name
Aldar Estates
Legal name
ALDAR ESTATES Sole Proprietorship LLC
Website
https://aldarestates.com
Company type
Private
Founded year
2023
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Aldar Estates is the UAE's largest integrated real estate services provider, delivering property management, facilities management, community hospitality, security, landscaping, valuation, and sustainability services across 235+ communities and 155,000+ residential units in the UAE and broader region.
Ownership category
akta.pro rank

Aldar Estates industry classification

Industry
Product category
Real Estate Services & Facilities Management
NAICS
Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Appraisers (53132)
SIC
Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate (6500)
akta.pro primary industry
Multifamily Apartment Property Management (BPAJAFAA)
akta.pro secondary industries
Property Management Advisory & Leasing Administration (FSAEAJAN), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

  • Property management services
  • Facilities management solutions
  • Real estate advisory
  • Community management services
  • Decarbonization consulting

Where Aldar Estates is headquartered

Location

Headquarters

HQ city
Abu Dhabi
HQ country
United Arab Emirates
HQ region
Middle East

Offices1 record

Markets served

Aldar Estates business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

  1. Property and Facilities Management Services: Recurring management fees from property management contracts covering residential units, commercial spaces, and integrated facilities management. Facilities management contracts valued at approximately AED 1.6 billion.
  2. Owners' Association Management: Service charge budgeting and collection for community management including residential units, master communities, and lifestyle services.
  3. Valuation and Advisory Services: RICS-compliant valuation reports, market analysis, feasibility studies, and advisory services across Abu Dhabi, Dubai, KSA, and Egypt. Total market valuations of AED 427 billion (Abu Dhabi) and AED 739 billion (Dubai).
  4. Sales and Leasing Services: Property sales and leasing brokerage services for residential, commercial, and retail sectors with strategic marketing and network reach.
  5. Energy and Sustainability Solutions: Energy auditing, green building consultancy, smart energy services, EV charging (CPO), and renewable energy services generating AED 91M+ in utility bill savings for clients.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractFacilities Management Contracts

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Aldar Estates product offering

Product offering

Core offering

Aldar Estates is the UAE's leading integrated real estate services provider, delivering eight core service lines: property management, facilities management, community hospitality, integrated asset services, valuation and advisory, security, landscaping, and decarbonization/sustainability solutions. The company manages 155,000+ residential units, 1.7 million sqm of commercial space, and 235+ communities across the UAE and broader region. Services are delivered directly through 2,500+ professionals with technology-enabled operations including IoT, CAFM systems, and predictive maintenance.

Product overview

Aldar Estates is a platform of integrated real estate services offering eight core service lines: Property Management (commercial and residential), Community Hospitality & Service (district management, owners' association, and lifestyle), Integrated Asset Services, Valuation & Advisory, Facilities Management, Security, Landscaping, and Decarbonization & Sustainability. The company operates as a unified platform following the 2025 consolidation of acquired brands including Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark, plus the CoreLynx joint venture for utility services. Services span the entire property lifecycle from development planning through facilities management, security, and sustainability.

Differentiator

Problem solved

Functional benefit

Products and services

  • Property Management

Quantifiable outcome

  • 93%+ residential occupancy rate maintained
  • +7 more outcomes

Companies that use Aldar Estates

Customer profile

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Aldar Estates technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Aldar Estates partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • EHC InvestmentcoreStrategic or Co-development Partner · 1 October 2025Aldar Estates and EHC Investment launched a joint venture, CoreLynx, aimed at improving utility services in Aldar Estates' communities. This strategic partnership focuses on enhancing infrastructure and service delivery within managed communities through combined expertise.
  • Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, SparkcoreStrategic or Co-development Partner · 26 May 2025Aldar Estates announced strategic realignment integrating brands including Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark under a unified platform to improve operational efficiency, enhance client services, and unlock new growth opportunities. The integration builds on recent growth and acquisitions.
  • Emirates International GascoreStrategic or Co-development PartnerEmirates International Gas provides solutions including gas distribution and fire safety systems as part of the CoreLynx joint venture with Aldar Estates and EHC Investment, delivering comprehensive utility services to Aldar Estates' communities.

Scale indicators31 records

Recent moves7 records

Expansion highlights6 records

Aldar Estates competitors and assessment

Company assessment

Direct peers

  • Khidmah: UAE-based integrated property and community management firm now consolidated under Aldar Estates. Pre-acquisition, it was a direct competitor in integrated FM, community management, and home services across the UAE, and its brand has been retained within the Aldar Estates platform.
  • Imdaad: Qatar-headquartered integrated facilities management company with UAE operations. Comparable to Aldar Estates on integrated FM, property management, and energy services for residential, commercial, and industrial portfolios in the Gulf region.
  • EFS Facilities Services: UAE-based integrated facilities management and property services firm. Competes with Aldar Estates on hard and soft FM, property management, and security services for commercial and residential portfolios across the Middle East.
  • Emrill Services: UAE-based integrated facilities management and property services company. Directly comparable to Aldar Estates' facilities management, security, and maintenance lines, serving similar commercial, residential, and hospitality clients across the Emirates.
  • Farnek Services: Leading UAE-based facilities management and property services provider. Directly competes with Aldar Estates on integrated FM, soft services, and energy management contracts across commercial and residential portfolios in the UAE.

Broad incumbents

  • CBRE Middle East: Global commercial real estate services leader with significant Middle East operations. Comparable to Aldar Estates on valuation, advisory, property management, and integrated facilities services for institutional and enterprise clients.
  • Savills Middle East: International real estate services firm operating across the UAE and broader Gulf. Comparable to Aldar Estates on property management, valuation, and advisory services for high-end residential, commercial, and master-planned community clients.
  • Cushman & Wakefield Middle East: Global real estate services firm with strong UAE/KSA valuation, advisory, and property management operations. Directly comparable to Aldar Estates' Valuation & Advisory and Property Management service lines; notably, Aldar's CFO came from this firm.
  • JLL Middle East: Global real estate services giant with a major presence in the UAE and broader Middle East. Comparable to Aldar Estates' valuation, advisory, property management, and integrated facilities management lines, with broader international reach and proptech capabilities.
  • Knight Frank Middle East: Global real estate consultancy with established UAE operations covering valuations, advisory, and property management. Comparable to Aldar Estates on the valuation and advisory side in particular, given the regional market overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Aldar Estates social profiles

Digital presence

Aldar Estates compliance and trust

Trust signal

Compliance4 records

Aldar Estates financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aldar Estates leadership team

Management profile

Number of profiles

Profiles7 records

Aldar Estates subsidiaries and ownership

Company hierarchy

Subsidiaries7 records

Aldar Estates funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Aldar Estates M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aldar Estates

What does Aldar Estates do?

Aldar Estates is the UAE's leading integrated real estate services provider, delivering eight core service lines: property management, facilities management, community hospitality, integrated asset services, valuation and advisory, security, landscaping, and decarbonization/sustainability solutions. The company manages 155,000+ residential units, 1.7 million sqm of commercial space, and 235+ communities across the UAE and broader region. Services are delivered directly through 2,500+ professionals with technology-enabled operations including IoT, CAFM systems, and predictive maintenance.

Is Aldar Estates a public or private company?

Aldar Estates is a private company. It is classified as corporate owned and is currently operating.

When was Aldar Estates founded?

Aldar Estates was founded in 2023. It employs 1,001 to 5,000 people.

Where is Aldar Estates based?

Aldar Estates is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.

How does Aldar Estates make money?

Five revenue lines are on record. Property and Facilities Management Services are the primary driver. The others are owners' Association Management, valuation and Advisory Services, sales and Leasing Services and energy and Sustainability Solutions.

Who are Aldar Estates's main competitors?

Direct peers on record are Khidmah, Imdaad, EFS Facilities Services, Emrill Services and Farnek Services. Broad incumbents are CBRE Middle East, Savills Middle East, Cushman & Wakefield Middle East, JLL Middle East and Knight Frank Middle East.

Does Aldar Estates have an API?

No public API is recorded for Aldar Estates.

What industry is Aldar Estates in?

Aldar Estates's product category is Real Estate Services & Facilities Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of FSAEAJAN, Property Management Advisory & Leasing Administration. Its NAICS code is 53131 and its SIC code is 6531.

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Live signals
CbnmeAldar Estates Strengthens Market Leadership With Strategic Realignment Of Real Estate ServicesAldar Estates announced a strategic realignment of its real estate brands to improve service delivery and support growth, building on recent acquisitions and mergers. The move aims to enhance operational efficiency, innovation, and client experience through specialized business units such as Asteco, Colliers, and Khidmah. The company manages a diverse asset portfolio and seeks to strengthen its market leadership in the region.ZawyaAldar Estates strengthens market leadership with strategic realignment of integrated servicesAldar Estates, the region's largest integrated real estate services provider headquartered in Abu Dhabi, announced a strategic realignment of its key real estate brands to deliver fully integrated solutions across the entire real estate lifecycle. The restructuring consolidates seven specialized businesses—Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark—under one platform to enhance operational efficiency, drive innovation, and unlock new growth opportunities. This realignment builds on the company's rapid growth, including its 2023 merger with Eltizam and acquisition of FAB Properties, which established it as the region's leading integrated real estate services provider.Gulf TodayAldar Estates acquires realty management firmAldar Estates, a newly formed estate management company consolidating Aldar Properties' retail operations with existing residential and commercial management, acquired Asteco Property Management and all its branches in Abu Dhabi and Dubai. The deal adds 18,575 units under property management and over 5,000 under owner association management, bringing total managed units to more than 32,000.Khaleej TimesAldar Estates acquires Asteco Property ManagementAldar Estates has acquired full-service property management firm Asteco Property Management and all its branches across Abu Dhabi and Dubai, adding 18,575 units under property management and over 5,000 under owner association management. The deal expands Aldar Estates' portfolio to more than 32,000 managed units, nearly 28,000 under owners' association management and 650,000sqm of commercial assets.