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Aldar Properties PJSC's purchase of 3.7 billion dirhams ($1 billion) of real estate assets in Abu Dhabi is the latest in a series of recent acquisitions and joint ventures between large developers in the United Arab Emirates as values drop in the sheikhdom's biggest city states.Emaar Properties, the Dubai-based developer of the world's tallest tower, and Aldar in March agreed on a partnership to develop 30 billion dirhams of real estate projects in the UAE. and abroad.The deal will add about 120 million dirhams a year to the net operating income of Aldar's asset-management unit after it's completed at the end of June. Shares of Aldar, Abu Dhabi's largest developer, fell 1.4 percent to 2.06 dirhams Monday in Abu Dhabi.
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