Skip to content Skip to Search
Skip navigation

Aldar buys landscaping firm Basatin for $41m  

Basatin has provided landscaping services for major clients in the UAE, including Expo 2020

Abu Dhabi-listed Aldar Properties has acquired Basatin Landscaping (Basatin) for AED150 million ($40.84 million) to expand Aldar Estates, its property and facilities management platform.

The developer will hold a majority stake of 75 percent in Basatin, with the remaining 25 percent owned by a strategic partner. 

Basatin provides various landscaping services, including design, installation, paving, gardening and green waste disposal, Aldar said in a statement.

The firm has over 1,000 employees and has provided landscaping services for major clients in the UAE, including the Department of Municipalities and Transport and Expo 2020. 

Aldar Estates’ platform has been expanding, supported by solid organic growth and several acquisitions over the last year. It offers a range of service providers, including property management company Provis, real estate services company Asteco, facilities management firm Khidmah, green building enabler Pactive Sustainable Solutions and security services provider Spark Security. 

Jassem Saleh Busaibe, CEO at Aldar Investment, said: “Our investment business continues to grow at pace and building scale across our Aldar Estates platform is an integral part of our strategic growth agenda.”

The UAE’s landscaping market continues to grow strongly, benefiting from the construction of several megaprojects.

Latest articles

Nature, Outdoors, Sea

Luxury hotel revenues in Oman rise to $242m

Oman’s luxury hotels continued to make money in April as the number of guests surged. The revenue of three- to five-star hotels rose 11 percent year on year to OMR93 million ($242 million), the state-run Oman News Agency said, quoting the National Centre for Statistics and Information data. The revenue increase was driven by a […]

The Holy Mosque in Medina, Saudi Arabia. Pilgrims flock to the city as part of Hajj

Tourism businesses on the up in Medina

The number of tourism businesses in Medina was 15 percent higher in the first quarter of 2024 than the same time last year, a boon for Saudi Arabia as it aims to increase the industry’s contribution to the national economy. Madinah Chamber did not supply a breakdown of the figures, but the state-owned Saudi Press […]

A stall holder in the Grand Bazaar in Istanbul. People in Istanbul faced rises in the cost of living this year, as soaring inflation impacted wages

Cairo and Istanbul feel biggest cost of living squeeze

Dubai has become the most expensive city in the Middle East for expatriate workers, while Cairo and Istanbul were among the cities that saw the biggest rise in the cost of living this year, as soaring inflation impacted wages. Dubai, the UAE’s largest city, saw rental prices rise by about a fifth in the last […]

More than 24 million people visited the World Expo event at Expo City Dubai between October 2021 and March 2022

Construction begins at Expo City Dubai site

Construction has begun on the first residential properties at Expo City Dubai, part of a mixed-use master plan to repurpose the legacy site after the world fair came to a close two years ago. Master developer Expo City Dubai announced last week that it has awarded four key contracts for its Mangrove Residences. UAE-based USF […]