Skip to content Skip to Search
Skip navigation

Aldar buys landscaping firm Basatin for $41m  

WAM
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

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 […]

Saudi housing costs rose nearly 9% year on year in May

Saudi housing costs rise but inflation remains steady

Housing costs in Saudi Arabia rose nearly 9 percent year on year in May, but it was not enough to push overall inflation in the kingdom over 2 percent. The latest data from the General Authority for Statistics showed the annual inflation rate in Saudi Arabia was 1.6 percent in May, having remained at this […]

OTB Group has a presence in Dubai with its Maison Margiela store in the Dubai Mall

Chalhoub Group in venture with Italian luxury brand

Luxury distributor Chalhoub Group has entered into a joint venture with Italian fashion conglomerate OTB Group to expand the brand’s footprint in the Gulf. OTB (which stands for Only The Brave) owns the Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf brands, the Staff International and Brave Kid companies, and holds a stake in the […]

Arid conditions brought about by the drought in Morocco are affecting the cost of sheep

Drought pushes up sheep price for Eid in Morocco

The price for a sheep in Morocco for the annual sacrifice at Eid al-Adha has increased on average at 10 times the 2.2 percent rate of inflation. A medium-sized female sheep costs MAD4000 ($400) as opposed to MAD3000 last year. This puts it out of range for many families in the country where a high […]