Clyde & Co advises Aldar on AED 1.1 billion Dubai Studio City acquisition

Clyde & Co has advised Aldar Properties PJSC (“Aldar”) on its AED 1.1 billion acquisition of a residential and community retail development in Dubai Studio City, marking a significant expansion of its residential-for-rent platform in the emirate.

The development, acquired from private developer SRG, will comprise a fully integrated, mixed-use community including 312 residential units across six mid-rise buildings, alongside a community mall offering retail, leisure and F&B concepts. The project is scheduled for completion in 2028 and is designed to meet growing demand for high-quality, professionally managed rental accommodation in Dubai.

Located in Dubai Studio City, an established and well-connected residential corridor, the development benefits from strong infrastructure and proximity to key employment and lifestyle hubs, positioning it to capture sustained rental demand.

Janeen Pickering led the Clyde & Co team, supported by Manali Sangoi, Senior Associate, and others from the award-winning real estate practice. The transaction forms part of Aldar’s long-term strategy to build a diversified, income-generating portfolio and to further scale its presence in Dubai, a key priority growth market for the group.

Janeen Pickering, Partner at Clyde & Co, commented:
 

Clyde & Co’s real estate team in the Middle East is widely recognised for advising on complex, high-value acquisitions, disposals and development projects across the region. The firm supports a broad range of clients including owners, developers, investors, sovereign entities and private equity funds, offering deep local market knowledge combined with international expertise to deliver commercially focused, strategic advice across the full real estate lifecycle, for all asset classes and industries.