UAE's Aldar Properties buys beach property in Ras Al Khaimah

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DUBAI, April 1 (Reuters) - Abu Dhabi's Aldar Properties , through its investment arm, has acquired the "Rixos Bab Al Bahr" beach property in the emirate of Ras Al Khaimah for 770 million dirham ($210 million), it said on Friday.<br>
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The acquisition will bring its total investment in Ras Al Khaimah to 1. If you have any thoughts about where by and how to use แทงบอลออนไลน์ - https://bettop88.cloud/online-football , you can call us at the web page. 5 billion dirhams, including the earlier acquisition of Al Hamra Mall and additional development rights at both properties.<br>
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As part of the latest transaction, Aldar's investment arm has secured development rights for an additional 250,000 square feet of gross floor area for residential and commercial use, it said.<br>
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In February, Aldar's chief financial officer said it planned to spend at least 5 billion dirhams this year acquiring assets in the retail and education sectors that generate recurring revenues.<br>
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Hotel and casino operator Wynn Resorts has also announced plans to build a luxury resort in Ras Al Khaimah with a "gaming area".<br>
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($1 = 3.6726 UAE dirham) (Reporting by Saeed Azhar Editing by Mark Potter)<br>