Dec 1 (Reuters) - Aldar Properties, a UAE-based real estate developer, said on Friday it has completed the acquisition of London-based developer London Square in a deal worth 1.07 billion dirhams ($291.4 million).

"The transaction marks Aldar's first acquisition outside the MENA region, reflecting its strategic move to bolster scale, broaden market reach, and diversify revenue streams," Aldar Properties said in a statement. ($1 = 3.6720 UAE dirham) (Reporting by Hatem Maher; Editing by Jacqueline Wong)