CMS with Aldar on Dubai Holding partnership expansion
CMS advised Abu Dhabi-based real estate developer Aldar on the expansion of its joint venture with Dubai Holding. The transaction adds two development sites in Dubai — respectively located along Dubai’s eastern growth corridor and at Palm Jebel Ali — with a combined gross development value exceeding AED 38 billion.
The transaction stems from a 2023 joint venture between Aldar and Dubai Holding, on which CMS also advised Aldar.
The CMS team
John O’Connor (pictured left) and David Lee Lewes (pictured right) led the CMS team on the matter. The lineup further included Louise Gunn (corporate), Geoff Smith and Andras Klupacs (both real estate), as well as Nicholas Robinson (finance).