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* Aldar’s latest residential-for-rent community in Dubai, comprising 312 homes within a fully integrated neighbourhood designed around residents’ everyday needs. * Scheduled for completion in 2028, the project will deliver 312 residential units and a community mall. * The development is positioned to capture sustained rental demand in one of Dubai’s established residential corridors. * The transaction expands Aldar’s recurring income platform and strengthens its growing Dubai footprint. * Abu Dhabi, UAE – 14 May 2026: Aldar has today announced the acquisition of a residential and community retail development in Dubai Studio City from SRG, a private developer, for AED 1.1 billion, marking the group’s latest residential-for-rent community in Dubai and further supporting its long-term strategy to build a high-quality recurring income portfolio and scaling its presence in the city. Targeted for completion in 2028, the development will include six mid-rise buildings, designed with warm, sandstone-toned façades and generous terraces and balconies that extend the living spaces outward to embrace the landscaped setting below. The development features 312 residential units with a mix of one-, two- and three-bedroom homes and duplex units. The community is designed to serve the everyday lifestyle needs of residents within a single cohesive environment. It will be home to a community mall that features a mix of retail, recreational and F&B concepts, while a 16,000 square metre park will be located within the community, providing activity areas, a jogging track, and a playground. Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, said: “Dubai is a priority growth market for Aldar, and this acquisition reflects our belief in the city’s residential market and the central role that institutionally owned, professionally managed rental housing plays in meeting the needs of a growing population. Dubai Studio City’s established infrastructure, vibrant community, and strong connectivity make it an excellent location for a high-quality, professionally managed living environment. This transaction is the latest step in a deliberate and broadening strategy to build a diversified portfolio of income-generating assets in Dubai, one that we expect to continue growing as the city attracts increasing global interest and talent.” Aldar continues to grow its presence in Dubai through partnerships with developers that have demonstrated strong delivery capabilities and experience in creating vibrant mixed-use communities. With this latest acquisition, the counterparty has successfully delivered large-scale projects across the region, with a portfolio spanning residential towers, community retail destinations, and lifestyle amenities. Located in Dubai Studio City, the development is positioned within a high-demand residential catchment area benefiting from established infrastructure, direct connectivity to Al Qudra Road and Hessa Street, and close proximity to key employment and lifestyle hubs, including Motor City and Dubai Sports City. The area also benefits from easy access to leisure destinations such as Dubai Autodrome, Dubai International Cricket Stadium and Dubai Butterfly Garden, together with a network of schools and community facilities. This acquisition builds on Aldar’s growing presence in Dubai across multiple asset classes. Aldar Investment’s recurring income portfolio in the emirate now spans residential, commercial, logistics, and mixed-use assets, including a mixed-use joint venture with Expo City Dubai, a landmark commercial tower in DIFC, a Grade A office tower on Sheikh Zayed Road, and logistics assets in National Industries Park and Dubai South. On the development side, Aldar’s joint venture with Dubai Holding has delivered strong momentum, with three master planned residential communities already launched and an expanded pipeline of over 2.3 million sqm of new GFA supporting Dubai’s 2040 Urban Masterplan.

IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed franchise agreements for two hotels, Staybridge Suites® Dubai Financial Centre and Staybridge Suites Dubai Internet City, with the Dubai-based real estate development firm, SRG Holding. The agreements will see the conversion of two SRG-owned developments to IHG’s extended-stay brand Staybridge Suites. The two franchised assets will be operated by SRG Hospitality, the group’s hotel management arm with opening dates set for January 2020. The hotels are strategically located along Sheikh Zayed Road, Dubai’s main commercial artery with convenient access to the Dubai Metro system and the city’s major business and leisure attractions. The 360-key Staybridge Suites Dubai Financial Centre will offer guests the choice between spacious one, two and three-bedroom suites and studio apartments, with sweeping views of the city skyline and Burj Khalifa. The hotel is located at the heart of Dubai’s Downtown area, a 15-minute drive from the Dubai International Airport. Ideal for both business and leisure travellers, guests will have easy access to Dubai International Financial Center, Dubai World Trade Exhibition Center as well as many leisure attractions such as City Walk with its adjacent Dubai Arena, The Dubai Mall and Dubai Fountains, one of the world’s most-visited retail and entertainment destinations. Staybridge Suites Dubai Financial Centre will offer attractive facilities such as meeting rooms, a spa with steam, sauna and a large outdoor swimming pool, along with a state of the art fitness center. Tastefully curated food & drink options will also be available at the all-day eatery, living room lounge or street terrace as well as in-room dining. The 225-key Staybridge Suites Dubai Internet City will offer one and two-bedroom apartments and studios which blend contemporary design with spacious layouts. Most of the studios and apartments feature their own private balcony from which to enjoy spectacular city or sea views. Every unit boasts a fully-equipped kitchenette or kitchen and interconnecting rooms offer greater flexibility for families or small groups travelling together. An all-day eatery & living room lounge offers wholesome meals and snacks throughout the day. Al fresco dining is available at the pool-side lounge and for those who prefer to dine in privacy, in-room dining is always the best option. An inviting terrace on the 6th floor features an infinity pool with views across the Burj Al Arab and the Arabian gulf. A fully equipped fitness center, a spa with steam & sauna add elements of glamour to the home-like comfort of the brand. Flexible meeting and event space will cater for business events or small social gatherings. Strategically located within the commercial and residential community of Dubai Internet and Media City, guests will have easy access to transport links such as the Dubai Metro and Dubai Tram. The varied leisure and dining attractions of Jumeirah Beach Walk, Dubai Marina, and Palm Jumeirah are easily accessible from the hotel; a truly ideal location for the modern-day business or leisure traveller looking to make the most of their time in Dubai. **Pascal Gauvin, Managing Director, India, Middle East and Africa at IHG, commented on the signing:** *“The extended-stay sector performs extremely well in Dubai and the Middle East, and we are pleased to be partnering with one of the leading family-owned companies in Dubai, SRG Holding. The Staybridge Suites brand is successful due to its combination of home-like convenience and comfort. We are excited to be expanding our extended-stay offering in Dubai and look forward to building a successful relationship with SRG Holding as we cater to the varied needs of travellers visiting the city. Given the current project work on Dubai Expo 2020 and influx of business visitors, we are confident that the Staybridge Suites Dubai Financial Centre and Staybridge Suites Dubai Internet City will be resounding successes.”* **Fahad AlRafi, CEO at SRG Holding, said of the partnership:** *“We are delighted to partner with a globally renowned hospitality company such as IHG for Staybridge Suites Dubai Financial Centre and Staybridge Suites Dubai Internet City. This fantastic brand will give us the opportunity to deliver a service style that is little more relaxed than traditional serviced apartments in the city. A unique offering tastefully packaged in a fresh yet cosy environment for people to stay a while. The design style will be clean lines, contemporary details and tactile textures. Our guests will be part of our extended family and we are looking forward to welcome them home in 2020.”* IHG currently operates 91 hotels across 5 brands in the Middle East, including: InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express® and Staybridge Suites® with a further 37 in the development pipeline due to open within the next three to five years*. Most recently IHG debuted its upscale brand voco in the Middle East with the opening of voco Dubai.

SRG Holding, based in Dubai, has launched a new Dh700 million residential project in Business Bay known as Marquise Square, where 62 per cent of the building's 384 apartments will be studios. The company is building the tower between two existing blocks on Burj Khalifa Street and has created a distinct diamond-shaped tower design to offer buyers better views of Burj Khalifa on one of the building's main elevations and the new Dubai Water Canal on the other. It has appointed Select Property as its exclusive sales agent for the building. Adam Price, the managing director of Select Property Middle East, said the decision to include so many studio apartments in the tower had been taken “to address the chronic undersupply of studios in the Downtown Dubai and Business Bay area”. “We feel that this will be very attractive to both investors an lifestyle purchasers,” he said. Given that studios start in price at Dh895,000, he said they would be of particular appeal to investors because they will offer gross rental yields of around 9 per cent, as well as potentially strong capital gains. SRG Holding is a family-owned company with businesses involved in property development and management, hospitality, wholesale trading and investments.