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<!--Created by Sigma Conso, Powered by IRIS Carbon, Unique Code 62431a9b54148f28145977ff, Generated At Tue, 29 Mar 2022 14:45:02 GMT-->
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:label="label_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfFinancialPositionAbstract" xml:lang="en" id="label_StatementOfFinancialPositionAbstract">Statement of financial position [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:to="label_StatementOfFinancialPositionAbstract" xlink:title="Label : StatementOfFinancialPositionAbstract to label_StatementOfFinancialPositionAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="IncomeStatementAbstract" xlink:title="IncomeStatementAbstract" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementAbstract" xml:lang="en" id="label_IncomeStatementAbstract">Profit or loss [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementAbstract" xlink:to="label_IncomeStatementAbstract" xlink:title="Label : IncomeStatementAbstract to label_IncomeStatementAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="StatementOfComprehensiveIncomeAbstract" xlink:title="StatementOfComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfComprehensiveIncomeAbstract" xml:lang="en" id="label_StatementOfComprehensiveIncomeAbstract">Statement of comprehensive income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfComprehensiveIncomeAbstract" xlink:to="label_StatementOfComprehensiveIncomeAbstract" xlink:title="Label : StatementOfComprehensiveIncomeAbstract to label_StatementOfComprehensiveIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="StatementOfChangesInEquityAbstract" xlink:title="StatementOfChangesInEquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityAbstract" xml:lang="en" id="label_StatementOfChangesInEquityAbstract">Statement of changes in equity [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityAbstract" xlink:to="label_StatementOfChangesInEquityAbstract" xlink:title="Label : StatementOfChangesInEquityAbstract to label_StatementOfChangesInEquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="StatementOfChangesInEquityTable" xlink:title="StatementOfChangesInEquityTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityTable" xml:lang="en" id="label_StatementOfChangesInEquityTable">Statement of changes in equity [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityTable" xlink:to="label_StatementOfChangesInEquityTable" xlink:title="Label : StatementOfChangesInEquityTable to label_StatementOfChangesInEquityTable" />
    <link:loc xlink:type="locator" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:label="LineItemsNotDimensionallyQualifiedPlaceholder" xlink:title="LineItemsNotDimensionallyQualifiedPlaceholder" />
    <link:label xlink:type="resource" xlink:label="label_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineItemsNotDimensionallyQualifiedPlaceholder" xml:lang="en" id="label_LineItemsNotDimensionallyQualifiedPlaceholder">Line items not dimensionally qualified placeholder</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineItemsNotDimensionallyQualifiedPlaceholder" xlink:to="label_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:title="Label : LineItemsNotDimensionallyQualifiedPlaceholder to label_LineItemsNotDimensionallyQualifiedPlaceholder" />
    <link:loc xlink:type="locator" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:label="NotesAccountingPoliciesAndMandatoryTags" xlink:title="NotesAccountingPoliciesAndMandatoryTags" />
    <link:label xlink:type="resource" xlink:label="label_NotesAccountingPoliciesAndMandatoryTags" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAccountingPoliciesAndMandatoryTags" xml:lang="en" id="label_NotesAccountingPoliciesAndMandatoryTags">Notes, accounting policies and mandatory tags – this item MUST be used as a starting point for markups of disclosures in the notes to the financial statements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAccountingPoliciesAndMandatoryTags" xlink:to="label_NotesAccountingPoliciesAndMandatoryTags" xlink:title="Label : NotesAccountingPoliciesAndMandatoryTags to label_NotesAccountingPoliciesAndMandatoryTags" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:label="RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:title="RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xml:lang="en" id="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense">Rental income from investment property, net of direct operating expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:to="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:title="Label : RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense to label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_1" xml:lang="en" id="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_1">Net rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:to="label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_1" xlink:title="Label : RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense to label_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_PropertyResult" xlink:label="PropertyResult" xlink:title="PropertyResult" />
    <link:label xlink:type="resource" xlink:label="label_PropertyResult" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyResult" xml:lang="en" id="label_PropertyResult">Property Result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyResult" xlink:to="label_PropertyResult" xlink:title="Label : PropertyResult to label_PropertyResult" />
    <link:label xlink:type="resource" xlink:label="label_PropertyResult_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyResult_1" xml:lang="en" id="label_PropertyResult_1">The profit (loss) from operating activities directly related to the investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyResult" xlink:to="label_PropertyResult_1" xlink:title="Label : PropertyResult to label_PropertyResult_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyResult_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_PropertyResult_2" xml:lang="en" id="label_PropertyResult_2">Property result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyResult" xlink:to="label_PropertyResult_2" xlink:title="Label : PropertyResult to label_PropertyResult_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_OperatingResultBeforeResultOnPortfolio" xlink:label="OperatingResultBeforeResultOnPortfolio" xlink:title="OperatingResultBeforeResultOnPortfolio" />
    <link:label xlink:type="resource" xlink:label="label_OperatingResultBeforeResultOnPortfolio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingResultBeforeResultOnPortfolio" xml:lang="en" id="label_OperatingResultBeforeResultOnPortfolio">Operating Result before Result on Portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingResultBeforeResultOnPortfolio" xlink:to="label_OperatingResultBeforeResultOnPortfolio" xlink:title="Label : OperatingResultBeforeResultOnPortfolio to label_OperatingResultBeforeResultOnPortfolio" />
    <link:label xlink:type="resource" xlink:label="label_OperatingResultBeforeResultOnPortfolio_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OperatingResultBeforeResultOnPortfolio_1" xml:lang="en" id="label_OperatingResultBeforeResultOnPortfolio_1">The profit (loss) from operating activities of the entity before the result on the portfolio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingResultBeforeResultOnPortfolio" xlink:to="label_OperatingResultBeforeResultOnPortfolio_1" xlink:title="Label : OperatingResultBeforeResultOnPortfolio to label_OperatingResultBeforeResultOnPortfolio_1" />
    <link:label xlink:type="resource" xlink:label="label_OperatingResultBeforeResultOnPortfolio_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingResultBeforeResultOnPortfolio_2" xml:lang="en" id="label_OperatingResultBeforeResultOnPortfolio_2">Operating result before result on portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingResultBeforeResultOnPortfolio" xlink:to="label_OperatingResultBeforeResultOnPortfolio_2" xlink:title="Label : OperatingResultBeforeResultOnPortfolio to label_OperatingResultBeforeResultOnPortfolio_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ProfitLossFromOperatingActivities" xlink:title="ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromOperatingActivities" xml:lang="en" id="label_ProfitLossFromOperatingActivities">Profit (loss) from operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities" xlink:title="Label : ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossFromOperatingActivities_1" xml:lang="en" id="label_ProfitLossFromOperatingActivities_1">Operating result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities_1" xlink:title="Label : ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost" xlink:label="FinanceIncomeCost" xlink:title="FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncomeCost" xml:lang="en" id="label_FinanceIncomeCost">Finance income (cost)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncomeCost_1" xml:lang="en" id="label_FinanceIncomeCost_1">Net finance costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_1" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ProfitLossBeforeTax" xlink:title="ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossBeforeTax" xml:lang="en" id="label_ProfitLossBeforeTax">Profit (loss) before tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossBeforeTax_1" xml:lang="en" id="label_ProfitLossBeforeTax_1">Profit before tax (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_1" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="TaxExpenseIncomeAtApplicableTaxRate" xlink:title="TaxExpenseIncomeAtApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxExpenseIncomeAtApplicableTaxRate" xml:lang="en" id="label_TaxExpenseIncomeAtApplicableTaxRate">Tax expense (income) at applicable tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseIncomeAtApplicableTaxRate" xlink:to="label_TaxExpenseIncomeAtApplicableTaxRate" xlink:title="Label : TaxExpenseIncomeAtApplicableTaxRate to label_TaxExpenseIncomeAtApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseIncomeAtApplicableTaxRate_1" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_TaxExpenseIncomeAtApplicableTaxRate_1" xml:lang="en" id="label_TaxExpenseIncomeAtApplicableTaxRate_1">Tax expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseIncomeAtApplicableTaxRate" xlink:to="label_TaxExpenseIncomeAtApplicableTaxRate_1" xlink:title="Label : TaxExpenseIncomeAtApplicableTaxRate to label_TaxExpenseIncomeAtApplicableTaxRate_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ProfitLossAttributableToAbstract" xlink:title="ProfitLossAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToAbstract" xml:lang="en" id="label_ProfitLossAttributableToAbstract">Profit (loss), attributable to [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToAbstract" xlink:to="label_ProfitLossAttributableToAbstract" xlink:title="Label : ProfitLossAttributableToAbstract to label_ProfitLossAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToAbstract_1" xml:lang="en" id="label_ProfitLossAttributableToAbstract_1">Attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToAbstract" xlink:to="label_ProfitLossAttributableToAbstract_1" xlink:title="Label : ProfitLossAttributableToAbstract to label_ProfitLossAttributableToAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:title="ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en" id="label_ProfitLossAttributableToNoncontrollingInterests">Profit (loss), attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="label_ProfitLossAttributableToNoncontrollingInterests" xlink:title="Label : ProfitLossAttributableToNoncontrollingInterests to label_ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests_1" xml:lang="en" id="label_ProfitLossAttributableToNoncontrollingInterests_1">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="label_ProfitLossAttributableToNoncontrollingInterests_1" xlink:title="Label : ProfitLossAttributableToNoncontrollingInterests to label_ProfitLossAttributableToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="BasicEarningsLossPerShare" xlink:title="BasicEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicEarningsLossPerShare" xml:lang="en" id="label_BasicEarningsLossPerShare">Basic earnings (loss) per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare" xlink:title="Label : BasicEarningsLossPerShare to label_BasicEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasicEarningsLossPerShare_1" xml:lang="en" id="label_BasicEarningsLossPerShare_1">Basic earnings per share (€)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare_1" xlink:title="Label : BasicEarningsLossPerShare to label_BasicEarningsLossPerShare_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="DilutedEarningsLossPerShare" xlink:title="DilutedEarningsLossPerShare" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent" />
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    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromSaleOrIssueOfTreasuryShares" xml:lang="en" id="label_ProceedsFromSaleOrIssueOfTreasuryShares">Proceeds from sale or issue of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOrIssueOfTreasuryShares" xlink:to="label_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:title="Label : ProceedsFromSaleOrIssueOfTreasuryShares to label_ProceedsFromSaleOrIssueOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromSaleOrIssueOfTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromSaleOrIssueOfTreasuryShares_1" xml:lang="en" id="label_ProceedsFromSaleOrIssueOfTreasuryShares_1">Disposals of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOrIssueOfTreasuryShares" xlink:to="label_ProceedsFromSaleOrIssueOfTreasuryShares_1" xlink:title="Label : ProceedsFromSaleOrIssueOfTreasuryShares to label_ProceedsFromSaleOrIssueOfTreasuryShares_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:title="ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en" id="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities">Proceeds from borrowings, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : ProceedsFromBorrowingsClassifiedAsFinancingActivities to label_ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities_1" xml:lang="en" id="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities_1">Net changes in borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="label_ProceedsFromBorrowingsClassifiedAsFinancingActivities_1" xlink:title="Label : ProceedsFromBorrowingsClassifiedAsFinancingActivities to label_ProceedsFromBorrowingsClassifiedAsFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:title="CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivities">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivities_1" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivities_1">Net cash from financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities_1" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:label="CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:title="CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xml:lang="en" id="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings">Current Bank Borrowings and Current Portion of Noncurrent Bank Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:to="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:title="Label : CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings to label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_1" xml:lang="en" id="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_1">The amount of current bank borrowings and current portion of non-current bank borrowings. [Refer: Borrowings]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:to="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_1" xlink:title="Label : CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings to label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_2" xml:lang="en" id="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_2">a. Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings" xlink:to="label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_2" xlink:title="Label : CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings to label_CurrentBankBorrowingsAndCurrentPortionOfNoncurrentBankBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:title="IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en" id="label_IncreaseDecreaseInCashAndCashEquivalents">Increase (decrease) in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalents_1" xml:lang="en" id="label_IncreaseDecreaseInCashAndCashEquivalents_1">Total cash flow for the period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents_1" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalents_2" xml:lang="en" id="label_IncreaseDecreaseInCashAndCashEquivalents_2">Total cash flow for the period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents_2" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:label="AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:title="AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xml:lang="en" id="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties">Adjustments for gains (losses) on disposal of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:to="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:title="Label : AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties to label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_1" xml:lang="en" id="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_1">Adjustments for gain (loss) on disposals of investment property to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:to="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_1" xlink:title="Label : AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties to label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_2" xml:lang="en" id="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_2">Gains and losses on disposals of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties" xlink:to="label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_2" xlink:title="Label : AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties to label_AdjustmentsForGainsLossesOnDisposalOfInvestmentProperties_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_OtherTaxLiabilitiesCurrent" xlink:label="OtherTaxLiabilitiesCurrent" xlink:title="OtherTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherTaxLiabilitiesCurrent" xml:lang="en" id="label_OtherTaxLiabilitiesCurrent">Other Tax Liabilities Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxLiabilitiesCurrent" xlink:to="label_OtherTaxLiabilitiesCurrent" xlink:title="Label : OtherTaxLiabilitiesCurrent to label_OtherTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxLiabilitiesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherTaxLiabilitiesCurrent_1" xml:lang="en" id="label_OtherTaxLiabilitiesCurrent_1">The current amount of other current tax liabilities. [Refer: Current tax liabilities]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxLiabilitiesCurrent" xlink:to="label_OtherTaxLiabilitiesCurrent_1" xlink:title="Label : OtherTaxLiabilitiesCurrent to label_OtherTaxLiabilitiesCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherTaxLiabilitiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherTaxLiabilitiesCurrent_2" xml:lang="en" id="label_OtherTaxLiabilitiesCurrent_2">b. Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherTaxLiabilitiesCurrent" xlink:to="label_OtherTaxLiabilitiesCurrent_2" xlink:title="Label : OtherTaxLiabilitiesCurrent to label_OtherTaxLiabilitiesCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract" xml:lang="en" id="label_AssetsAbstract">Assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="Label : AssetsAbstract to label_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract_1" xml:lang="en" id="label_AssetsAbstract_1">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract_1" xlink:title="Label : AssetsAbstract to label_AssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="NoncurrentAssets" xlink:title="NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssets" xml:lang="en" id="label_NoncurrentAssets">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentAssets_1" xml:lang="en" id="label_NoncurrentAssets_1">Total non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_1" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="CurrentAssets" xlink:title="CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssets" xml:lang="en" id="label_CurrentAssets">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets" xlink:title="Label : CurrentAssets to label_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAssets_1" xml:lang="en" id="label_CurrentAssets_1">Total current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_1" xlink:title="Label : CurrentAssets to label_CurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="Assets" xlink:title="Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xml:lang="en" id="label_Assets">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets" xlink:title="Label : Assets to label_Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets_1" xml:lang="en" id="label_Assets_1">TOTAL ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_1" xlink:title="Label : Assets to label_Assets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="EquityAndLiabilitiesAbstract" xlink:title="EquityAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilitiesAbstract" xml:lang="en" id="label_EquityAndLiabilitiesAbstract">Equity and liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract" xlink:title="Label : EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAndLiabilitiesAbstract_1" xml:lang="en" id="label_EquityAndLiabilitiesAbstract_1">EQUITY AND LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract_1" xlink:title="Label : EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="EquityAbstract" xlink:title="EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAbstract" xml:lang="en" id="label_EquityAbstract">Equity [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract" xlink:title="Label : EquityAbstract to label_EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAbstract_1" xml:lang="en" id="label_EquityAbstract_1">EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract_1" xlink:title="Label : EquityAbstract to label_EquityAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="EquityAttributableToOwnersOfParent" xlink:title="EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParent" xml:lang="en" id="label_EquityAttributableToOwnersOfParent">Equity attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAttributableToOwnersOfParent_1" xml:lang="en" id="label_EquityAttributableToOwnersOfParent_1">Equity attributable to owners of the parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent_1" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="LiabilitiesAbstract" xlink:title="LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAbstract" xml:lang="en" id="label_LiabilitiesAbstract">Liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesAbstract_1" xml:lang="en" id="label_LiabilitiesAbstract_1">LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract_1" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="NoncurrentLiabilities" xlink:title="NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilities" xml:lang="en" id="label_NoncurrentLiabilities">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentLiabilities_1" xml:lang="en" id="label_NoncurrentLiabilities_1">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_1" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="CurrentLiabilities" xlink:title="CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilities" xml:lang="en" id="label_CurrentLiabilities">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentLiabilities_1" xml:lang="en" id="label_CurrentLiabilities_1">Total current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_1" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities" />
    <link:label xlink:type="resource" xlink:label="label_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Liabilities" xml:lang="en" id="label_Liabilities">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities" xlink:title="Label : Liabilities to label_Liabilities" />
    <link:label xlink:type="resource" xlink:label="label_Liabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Liabilities_1" xml:lang="en" id="label_Liabilities_1">TOTAL LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities_1" xlink:title="Label : Liabilities to label_Liabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="EquityAndLiabilities" xlink:title="EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilities" xml:lang="en" id="label_EquityAndLiabilities">Equity and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAndLiabilities_1" xml:lang="en" id="label_EquityAndLiabilities_1">TOTAL EQUITY AND LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities_1" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_LongtermBankBorrowings" xlink:label="LongtermBankBorrowings" xlink:title="LongtermBankBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBankBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBankBorrowings" xml:lang="en" id="label_LongtermBankBorrowings">Longterm Bank Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBankBorrowings" xlink:to="label_LongtermBankBorrowings" xlink:title="Label : LongtermBankBorrowings to label_LongtermBankBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBankBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LongtermBankBorrowings_1" xml:lang="en" id="label_LongtermBankBorrowings_1">The non-current portion of non-current bank borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBankBorrowings" xlink:to="label_LongtermBankBorrowings_1" xlink:title="Label : LongtermBankBorrowings to label_LongtermBankBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBankBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBankBorrowings_2" xml:lang="en" id="label_LongtermBankBorrowings_2">a. Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBankBorrowings" xlink:to="label_LongtermBankBorrowings_2" xlink:title="Label : LongtermBankBorrowings to label_LongtermBankBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:label="NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:title="NoncurrentPortionOfOtherNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPortionOfOtherNoncurrentBorrowings" xml:lang="en" id="label_NoncurrentPortionOfOtherNoncurrentBorrowings">Non-current portion of other non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:to="label_NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:title="Label : NoncurrentPortionOfOtherNoncurrentBorrowings to label_NoncurrentPortionOfOtherNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPortionOfOtherNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentPortionOfOtherNoncurrentBorrowings_1" xml:lang="en" id="label_NoncurrentPortionOfOtherNoncurrentBorrowings_1">c. Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPortionOfOtherNoncurrentBorrowings" xlink:to="label_NoncurrentPortionOfOtherNoncurrentBorrowings_1" xlink:title="Label : NoncurrentPortionOfOtherNoncurrentBorrowings to label_NoncurrentPortionOfOtherNoncurrentBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:label="OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:title="OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xml:lang="en" id="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings">Other current borrowings and current portion of other non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:to="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:title="Label : OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings to label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings_1" xml:lang="en" id="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings_1">c. Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings" xlink:to="label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings_1" xlink:title="Label : OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings to label_OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ExitTaxesCurrent" xlink:label="ExitTaxesCurrent" xlink:title="ExitTaxesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExitTaxesCurrent" xml:lang="en" id="label_ExitTaxesCurrent">Exit Taxes Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxesCurrent" xlink:to="label_ExitTaxesCurrent" xlink:title="Label : ExitTaxesCurrent to label_ExitTaxesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExitTaxesCurrent_1" xml:lang="en" id="label_ExitTaxesCurrent_1">The current amount of corporate income tax on capital gains arising from the merger of a BE-REIT with a company that is not a BE-REIT.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxesCurrent" xlink:to="label_ExitTaxesCurrent_1" xlink:title="Label : ExitTaxesCurrent to label_ExitTaxesCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExitTaxesCurrent_2" xml:lang="en" id="label_ExitTaxesCurrent_2">a. Exit tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxesCurrent" xlink:to="label_ExitTaxesCurrent_2" xlink:title="Label : ExitTaxesCurrent to label_ExitTaxesCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:label="AdjustmentsForFairValueGainsLosses" xlink:title="AdjustmentsForFairValueGainsLosses" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForFairValueGainsLosses" xml:lang="en" id="label_AdjustmentsForFairValueGainsLosses">Adjustments for fair value losses (gains)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForFairValueGainsLosses" xlink:to="label_AdjustmentsForFairValueGainsLosses" xlink:title="Label : AdjustmentsForFairValueGainsLosses to label_AdjustmentsForFairValueGainsLosses" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForFairValueGainsLosses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForFairValueGainsLosses_1" xml:lang="en" id="label_AdjustmentsForFairValueGainsLosses_1">Change in fair value of investments in entities consolidated through equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForFairValueGainsLosses" xlink:to="label_AdjustmentsForFairValueGainsLosses_1" xlink:title="Label : AdjustmentsForFairValueGainsLosses to label_AdjustmentsForFairValueGainsLosses_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:label="PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:title="PurchaseOfGoodwillClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfGoodwillClassifiedAsInvestingActivities" xml:lang="en" id="label_PurchaseOfGoodwillClassifiedAsInvestingActivities">Purchase of goodwill classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfGoodwillClassifiedAsInvestingActivities to label_PurchaseOfGoodwillClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_1" xml:lang="en" id="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_1">The cash outflow for the purchases of goodwill, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_1" xlink:title="Label : PurchaseOfGoodwillClassifiedAsInvestingActivities to label_PurchaseOfGoodwillClassifiedAsInvestingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_2" xml:lang="en" id="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_2">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfGoodwillClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfGoodwillClassifiedAsInvestingActivities_2" xlink:title="Label : PurchaseOfGoodwillClassifiedAsInvestingActivities to label_PurchaseOfGoodwillClassifiedAsInvestingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:label="PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:title="PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xml:lang="en" id="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities">Purchase of real estate companies and marketable investment properties classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities to label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_1" xml:lang="en" id="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_1">The cash outflow for the purchases of real estate companies and marketable investment properties, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_1" xlink:title="Label : PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities to label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_2" xml:lang="en" id="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_2">Purchase of real estate companies and marketable investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_2" xlink:title="Label : PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities to label_PurchaseOfRealEstateCompaniesAndMarketableInvestmentPropertiesClassifiedAsInvestingActivities_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_DevelopmentOfInvestmentProperties" xlink:label="DevelopmentOfInvestmentProperties" xlink:title="DevelopmentOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_DevelopmentOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DevelopmentOfInvestmentProperties" xml:lang="en" id="label_DevelopmentOfInvestmentProperties">Development of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevelopmentOfInvestmentProperties" xlink:to="label_DevelopmentOfInvestmentProperties" xlink:title="Label : DevelopmentOfInvestmentProperties to label_DevelopmentOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_DevelopmentOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DevelopmentOfInvestmentProperties_1" xml:lang="en" id="label_DevelopmentOfInvestmentProperties_1">The cash outflow for the development of investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevelopmentOfInvestmentProperties" xlink:to="label_DevelopmentOfInvestmentProperties_1" xlink:title="Label : DevelopmentOfInvestmentProperties to label_DevelopmentOfInvestmentProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_DevelopmentOfInvestmentProperties_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DevelopmentOfInvestmentProperties_2" xml:lang="en" id="label_DevelopmentOfInvestmentProperties_2">Purchase of development projects</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DevelopmentOfInvestmentProperties" xlink:to="label_DevelopmentOfInvestmentProperties_2" xlink:title="Label : DevelopmentOfInvestmentProperties to label_DevelopmentOfInvestmentProperties_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:label="CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:title="CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xml:lang="en" id="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables">Cash flows from (used in) decrease (increase) in non current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:to="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:title="Label : CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables to label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_1" xml:lang="en" id="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_1">The cash inflow (outflow) due to a decrease (increase) in non-current receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:to="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_1" xlink:title="Label : CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables to label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_2" xml:lang="en" id="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_2">Net changes in non-current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables" xlink:to="label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_2" xlink:title="Label : CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables to label_CashFlowsFromUsedInDecreaseIncreaseInNonCurrentReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xml:lang="en" id="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities">Proceeds from sales of other long-term assets, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="Label : ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities to label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities_1" xml:lang="en" id="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities_1">Net investments in other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities_1" xlink:title="Label : ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities to label_ProceedsFromOtherLongtermAssetsClassifiedAsInvestingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="ProceedsFromIssuingShares" xlink:title="ProceedsFromIssuingShares" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssuingShares" xml:lang="en" id="label_ProceedsFromIssuingShares">Proceeds from issuing shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuingShares" xlink:to="label_ProceedsFromIssuingShares" xlink:title="Label : ProceedsFromIssuingShares to label_ProceedsFromIssuingShares" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssuingShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssuingShares_1" xml:lang="en" id="label_ProceedsFromIssuingShares_1">Capital increase, net of costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssuingShares" xlink:to="label_ProceedsFromIssuingShares_1" xlink:title="Label : ProceedsFromIssuingShares to label_ProceedsFromIssuingShares_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:title="DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en" id="label_DividendsPaidClassifiedAsFinancingActivities">Dividends paid, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities_1" xml:lang="en" id="label_DividendsPaidClassifiedAsFinancingActivities_1">Dividend for previous fiscal year and interim dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:label="IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:title="IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xml:lang="en" id="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities">Increase (decrease) in liabilities arising from financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:to="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:title="Label : IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities to label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities_1" xml:lang="en" id="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities_1">Net changes in other non-current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities" xlink:to="label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities_1" xlink:title="Label : IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities to label_IncreaseDecreaseInLiabilitiesArisingFromFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="InterestPaidClassifiedAsFinancingActivities" xlink:title="InterestPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidClassifiedAsFinancingActivities" xml:lang="en" id="label_InterestPaidClassifiedAsFinancingActivities">Interest paid, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidClassifiedAsFinancingActivities" xlink:to="label_InterestPaidClassifiedAsFinancingActivities" xlink:title="Label : InterestPaidClassifiedAsFinancingActivities to label_InterestPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidClassifiedAsFinancingActivities_1" xml:lang="en" id="label_InterestPaidClassifiedAsFinancingActivities_1">Net financial items received (+) / paid (-)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidClassifiedAsFinancingActivities" xlink:to="label_InterestPaidClassifiedAsFinancingActivities_1" xlink:title="Label : InterestPaidClassifiedAsFinancingActivities to label_InterestPaidClassifiedAsFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:label="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:title="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties">Reserve for estimated transaction costs resulting from hypothetical disposal of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_1" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_1">A component of equity representing reserve for estimated transaction costs resulting from hypothetical disposal of investment properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_1" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_2" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_2">c. Reserve for estimated transaction costs resulting from hypothetical disposal of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_2" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentProperties_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:label="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:title="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems">Reserve of exchange differences relating to foreign currency monetary items</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_1" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_1">A component of equity representing reserve of exchange differences relating to foreign currency monetary items.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_1" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_2" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_2">f. Reserve of exchange differences relating to foreign currency monetary items</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_2" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItems_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ReserveOfExchangeDifferencesOnTranslation" xlink:title="ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslation">Reserve of exchange differences on translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_1" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslation_1">g. Foreign currency translation reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForTreasuryShares" xlink:label="ReserveForTreasuryShares" xlink:title="ReserveForTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForTreasuryShares" xml:lang="en" id="label_ReserveForTreasuryShares">Reserve for treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasuryShares" xlink:to="label_ReserveForTreasuryShares" xlink:title="Label : ReserveForTreasuryShares to label_ReserveForTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForTreasuryShares_1" xml:lang="en" id="label_ReserveForTreasuryShares_1">A component of equity representing reserve for treasury shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasuryShares" xlink:to="label_ReserveForTreasuryShares_1" xlink:title="Label : ReserveForTreasuryShares to label_ReserveForTreasuryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasuryShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForTreasuryShares_2" xml:lang="en" id="label_ReserveForTreasuryShares_2">h. Reserve for treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasuryShares" xlink:to="label_ReserveForTreasuryShares_2" xlink:title="Label : ReserveForTreasuryShares to label_ReserveForTreasuryShares_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:label="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:title="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad">Reserve for deferred taxes on investment properties located abroad</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_1" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_1">A component of equity representing reserve for deferred taxes on investment properties located abroad.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_1" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_2" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_2">k. Reserve for deferred taxes on investment properties located abroad</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_2" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroad_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="RetainedEarnings" xlink:title="RetainedEarnings" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarnings" xml:lang="en" id="label_RetainedEarnings">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarnings" xlink:to="label_RetainedEarnings" xlink:title="Label : RetainedEarnings to label_RetainedEarnings" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarnings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarnings_1" xml:lang="en" id="label_RetainedEarnings_1">n. Result brought forward from previous years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarnings" xlink:to="label_RetainedEarnings_1" xlink:title="Label : RetainedEarnings to label_RetainedEarnings_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:label="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:title="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest">Reserve for share of net income and other comprehensive income of equity method invest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_1" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_1">A component of equity representing reserve for share of net income and other comprehensive income of equity method invest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_1" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_2" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_2">o. Reserve- share NI &amp; OCI of equity method invest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_2" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvest_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserve" xlink:label="StatutoryReserve" xlink:title="StatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatutoryReserve" xml:lang="en" id="label_StatutoryReserve">Statutory reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserve" xlink:to="label_StatutoryReserve" xlink:title="Label : StatutoryReserve to label_StatutoryReserve" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserve_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatutoryReserve_1" xml:lang="en" id="label_StatutoryReserve_1">a. Legal reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserve" xlink:to="label_StatutoryReserve_1" xlink:title="Label : StatutoryReserve to label_StatutoryReserve_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:label="NoncurrentDerivativeFinancialLiabilities" xlink:title="NoncurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentDerivativeFinancialLiabilities" xml:lang="en" id="label_NoncurrentDerivativeFinancialLiabilities">Non-current derivative financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="label_NoncurrentDerivativeFinancialLiabilities" xlink:title="Label : NoncurrentDerivativeFinancialLiabilities to label_NoncurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentDerivativeFinancialLiabilities_1" xml:lang="en" id="label_NoncurrentDerivativeFinancialLiabilities_1">a. Authorised hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="label_NoncurrentDerivativeFinancialLiabilities_1" xlink:title="Label : NoncurrentDerivativeFinancialLiabilities to label_NoncurrentDerivativeFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_PropertyOperatingResult" xlink:label="PropertyOperatingResult" xlink:title="PropertyOperatingResult" />
    <link:label xlink:type="resource" xlink:label="label_PropertyOperatingResult" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyOperatingResult" xml:lang="en" id="label_PropertyOperatingResult">Property Operating Result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyOperatingResult" xlink:to="label_PropertyOperatingResult" xlink:title="Label : PropertyOperatingResult to label_PropertyOperatingResult" />
    <link:label xlink:type="resource" xlink:label="label_PropertyOperatingResult_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyOperatingResult_1" xml:lang="en" id="label_PropertyOperatingResult_1">The profit (loss) from operating activities of the entity before overhead costs and other operating expenses / income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyOperatingResult" xlink:to="label_PropertyOperatingResult_1" xlink:title="Label : PropertyOperatingResult to label_PropertyOperatingResult_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyOperatingResult_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_PropertyOperatingResult_2" xml:lang="en" id="label_PropertyOperatingResult_2">Property operating result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyOperatingResult" xlink:to="label_PropertyOperatingResult_2" xlink:title="Label : PropertyOperatingResult to label_PropertyOperatingResult_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_PropertyCharges" xlink:label="PropertyCharges" xlink:title="PropertyCharges" />
    <link:label xlink:type="resource" xlink:label="label_PropertyCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyCharges" xml:lang="en" id="label_PropertyCharges">Property Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyCharges" xlink:to="label_PropertyCharges" xlink:title="Label : PropertyCharges to label_PropertyCharges" />
    <link:label xlink:type="resource" xlink:label="label_PropertyCharges_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyCharges_1" xml:lang="en" id="label_PropertyCharges_1">The amount of other operating expenses arising from investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyCharges" xlink:to="label_PropertyCharges_1" xlink:title="Label : PropertyCharges to label_PropertyCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyCharges_2" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_PropertyCharges_2" xml:lang="en" id="label_PropertyCharges_2">Property charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyCharges" xlink:to="label_PropertyCharges_2" xlink:title="Label : PropertyCharges to label_PropertyCharges_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RentalIncomeFromInvestmentProperty" xlink:label="RentalIncomeFromInvestmentProperty" xlink:title="RentalIncomeFromInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncomeFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalIncomeFromInvestmentProperty" xml:lang="en" id="label_RentalIncomeFromInvestmentProperty">Rental income from investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncomeFromInvestmentProperty" xlink:to="label_RentalIncomeFromInvestmentProperty" xlink:title="Label : RentalIncomeFromInvestmentProperty to label_RentalIncomeFromInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncomeFromInvestmentProperty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RentalIncomeFromInvestmentProperty_1" xml:lang="en" id="label_RentalIncomeFromInvestmentProperty_1">I. Rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncomeFromInvestmentProperty" xlink:to="label_RentalIncomeFromInvestmentProperty_1" xlink:title="Label : RentalIncomeFromInvestmentProperty to label_RentalIncomeFromInvestmentProperty_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_WritebackOfLeasePaymentsSoldAndDiscounted" xlink:label="WritebackOfLeasePaymentsSoldAndDiscounted" xlink:title="WritebackOfLeasePaymentsSoldAndDiscounted" />
    <link:label xlink:type="resource" xlink:label="label_WritebackOfLeasePaymentsSoldAndDiscounted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WritebackOfLeasePaymentsSoldAndDiscounted" xml:lang="en" id="label_WritebackOfLeasePaymentsSoldAndDiscounted">Writeback of Lease Payments Sold and Discounted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WritebackOfLeasePaymentsSoldAndDiscounted" xlink:to="label_WritebackOfLeasePaymentsSoldAndDiscounted" xlink:title="Label : WritebackOfLeasePaymentsSoldAndDiscounted to label_WritebackOfLeasePaymentsSoldAndDiscounted" />
    <link:label xlink:type="resource" xlink:label="label_WritebackOfLeasePaymentsSoldAndDiscounted_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WritebackOfLeasePaymentsSoldAndDiscounted_1" xml:lang="en" id="label_WritebackOfLeasePaymentsSoldAndDiscounted_1">The amount respresents the difference between the discounted value, at the beginning and at the end of the year, of the futurte inflation-linked payments on the lease contracts which receivables have been sold.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WritebackOfLeasePaymentsSoldAndDiscounted" xlink:to="label_WritebackOfLeasePaymentsSoldAndDiscounted_1" xlink:title="Label : WritebackOfLeasePaymentsSoldAndDiscounted to label_WritebackOfLeasePaymentsSoldAndDiscounted_1" />
    <link:label xlink:type="resource" xlink:label="label_WritebackOfLeasePaymentsSoldAndDiscounted_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WritebackOfLeasePaymentsSoldAndDiscounted_2" xml:lang="en" id="label_WritebackOfLeasePaymentsSoldAndDiscounted_2">II. Writeback of lease payments sold and discounted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WritebackOfLeasePaymentsSoldAndDiscounted" xlink:to="label_WritebackOfLeasePaymentsSoldAndDiscounted_2" xlink:title="Label : WritebackOfLeasePaymentsSoldAndDiscounted to label_WritebackOfLeasePaymentsSoldAndDiscounted_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:label="DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:title="DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xml:lang="en" id="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome">Direct operating expense from investment property generating rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:to="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:title="Label : DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome to label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_1" xml:lang="en" id="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_1">III. Rental-related charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:to="label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_1" xlink:title="Label : DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome to label_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_RecoveryOfPropertyCharges" xlink:label="RecoveryOfPropertyCharges" xlink:title="RecoveryOfPropertyCharges" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfPropertyCharges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RecoveryOfPropertyCharges" xml:lang="en" id="label_RecoveryOfPropertyCharges">Recovery of Property Charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfPropertyCharges" xlink:to="label_RecoveryOfPropertyCharges" xlink:title="Label : RecoveryOfPropertyCharges to label_RecoveryOfPropertyCharges" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfPropertyCharges_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RecoveryOfPropertyCharges_1" xml:lang="en" id="label_RecoveryOfPropertyCharges_1">The amount of income linked to the property that has been recovered from the tenant.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfPropertyCharges" xlink:to="label_RecoveryOfPropertyCharges_1" xlink:title="Label : RecoveryOfPropertyCharges to label_RecoveryOfPropertyCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfPropertyCharges_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RecoveryOfPropertyCharges_2" xml:lang="en" id="label_RecoveryOfPropertyCharges_2">IV. Recovery of property charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfPropertyCharges" xlink:to="label_RecoveryOfPropertyCharges_2" xlink:title="Label : RecoveryOfPropertyCharges to label_RecoveryOfPropertyCharges_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:label="RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:title="RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xml:lang="en" id="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties">Recovery of Rental Charges and Taxes Normally Payable By Tenants on Let Properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:to="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:title="Label : RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties to label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_1" xml:lang="en" id="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_1">The amount of income linked to the charges and taxes that have been recovered from the tenant, since the tenant should normally pay these expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:to="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_1" xlink:title="Label : RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties to label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_2" xml:lang="en" id="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_2">V. Recovery of rental charges and taxes normally paid by tenants on let properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties" xlink:to="label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_2" xlink:title="Label : RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties to label_RecoveryOfRentalChargesAndTaxesNormallyPayableByTenantsOnLetProperties_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:label="CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:title="CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" />
    <link:label xlink:type="resource" xlink:label="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xml:lang="en" id="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease">Costs Payable By The Tenant and Borne By The Landlord on Rental Damage and Repair at End of Lease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:to="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:title="Label : CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease to label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" />
    <link:label xlink:type="resource" xlink:label="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_1" xml:lang="en" id="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_1">The amount of  expenses that were borne by the landlord on rental damage of investment property and the repair at the end of the lease.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:to="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_1" xlink:title="Label : CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease to label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_1" />
    <link:label xlink:type="resource" xlink:label="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_2" xml:lang="en" id="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_2">VI. Costs payable by the tenant and borne by the landlord on rental damage and repair at end of lease</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease" xlink:to="label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_2" xlink:title="Label : CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease to label_CostsPayableByTheTenantAndBorneByTheLandlordOnRentalDamageAndRepairAtEndOfLease_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_OtherRentalRelatedIncomeAndExpenses" xlink:label="OtherRentalRelatedIncomeAndExpenses" xlink:title="OtherRentalRelatedIncomeAndExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherRentalRelatedIncomeAndExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherRentalRelatedIncomeAndExpenses" xml:lang="en" id="label_OtherRentalRelatedIncomeAndExpenses">Other Rental Related Income and Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRentalRelatedIncomeAndExpenses" xlink:to="label_OtherRentalRelatedIncomeAndExpenses" xlink:title="Label : OtherRentalRelatedIncomeAndExpenses to label_OtherRentalRelatedIncomeAndExpenses" />
    <link:label xlink:type="resource" xlink:label="label_OtherRentalRelatedIncomeAndExpenses_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherRentalRelatedIncomeAndExpenses_1" xml:lang="en" id="label_OtherRentalRelatedIncomeAndExpenses_1">The amount of rental related  income (expense) that the entity does not separately disclose in the  same statement or note.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRentalRelatedIncomeAndExpenses" xlink:to="label_OtherRentalRelatedIncomeAndExpenses_1" xlink:title="Label : OtherRentalRelatedIncomeAndExpenses to label_OtherRentalRelatedIncomeAndExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherRentalRelatedIncomeAndExpenses_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherRentalRelatedIncomeAndExpenses_2" xml:lang="en" id="label_OtherRentalRelatedIncomeAndExpenses_2">VIII. Other rental-related income and charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRentalRelatedIncomeAndExpenses" xlink:to="label_OtherRentalRelatedIncomeAndExpenses_2" xlink:title="Label : OtherRentalRelatedIncomeAndExpenses to label_OtherRentalRelatedIncomeAndExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_TechnicalCosts" xlink:label="TechnicalCosts" xlink:title="TechnicalCosts" />
    <link:label xlink:type="resource" xlink:label="label_TechnicalCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TechnicalCosts" xml:lang="en" id="label_TechnicalCosts">Technical Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnicalCosts" xlink:to="label_TechnicalCosts" xlink:title="Label : TechnicalCosts to label_TechnicalCosts" />
    <link:label xlink:type="resource" xlink:label="label_TechnicalCosts_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TechnicalCosts_1" xml:lang="en" id="label_TechnicalCosts_1">The amount of direct technical expenses (including repairs and maintenance) arising from investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnicalCosts" xlink:to="label_TechnicalCosts_1" xlink:title="Label : TechnicalCosts to label_TechnicalCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_TechnicalCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TechnicalCosts_2" xml:lang="en" id="label_TechnicalCosts_2">IX. Technical costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnicalCosts" xlink:to="label_TechnicalCosts_2" xlink:title="Label : TechnicalCosts to label_TechnicalCosts_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_CommercialCosts" xlink:label="CommercialCosts" xlink:title="CommercialCosts" />
    <link:label xlink:type="resource" xlink:label="label_CommercialCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommercialCosts" xml:lang="en" id="label_CommercialCosts">Commercial Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialCosts" xlink:to="label_CommercialCosts" xlink:title="Label : CommercialCosts to label_CommercialCosts" />
    <link:label xlink:type="resource" xlink:label="label_CommercialCosts_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommercialCosts_1" xml:lang="en" id="label_CommercialCosts_1">The amount of operating expenses arising from the commercial acitivities for investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialCosts" xlink:to="label_CommercialCosts_1" xlink:title="Label : CommercialCosts to label_CommercialCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_CommercialCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CommercialCosts_2" xml:lang="en" id="label_CommercialCosts_2">X. Commercial costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialCosts" xlink:to="label_CommercialCosts_2" xlink:title="Label : CommercialCosts to label_CommercialCosts_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ChargesAndTaxesOnUnletProperties" xlink:label="ChargesAndTaxesOnUnletProperties" xlink:title="ChargesAndTaxesOnUnletProperties" />
    <link:label xlink:type="resource" xlink:label="label_ChargesAndTaxesOnUnletProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChargesAndTaxesOnUnletProperties" xml:lang="en" id="label_ChargesAndTaxesOnUnletProperties">Charges and Taxes on Unlet Properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesAndTaxesOnUnletProperties" xlink:to="label_ChargesAndTaxesOnUnletProperties" xlink:title="Label : ChargesAndTaxesOnUnletProperties to label_ChargesAndTaxesOnUnletProperties" />
    <link:label xlink:type="resource" xlink:label="label_ChargesAndTaxesOnUnletProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChargesAndTaxesOnUnletProperties_1" xml:lang="en" id="label_ChargesAndTaxesOnUnletProperties_1">The amount of charges and taxes arising from unlet investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesAndTaxesOnUnletProperties" xlink:to="label_ChargesAndTaxesOnUnletProperties_1" xlink:title="Label : ChargesAndTaxesOnUnletProperties to label_ChargesAndTaxesOnUnletProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_ChargesAndTaxesOnUnletProperties_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ChargesAndTaxesOnUnletProperties_2" xml:lang="en" id="label_ChargesAndTaxesOnUnletProperties_2">XI. Charges and taxes on unlet properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargesAndTaxesOnUnletProperties" xlink:to="label_ChargesAndTaxesOnUnletProperties_2" xlink:title="Label : ChargesAndTaxesOnUnletProperties to label_ChargesAndTaxesOnUnletProperties_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyManagementExpense" xlink:label="PropertyManagementExpense" xlink:title="PropertyManagementExpense" />
    <link:label xlink:type="resource" xlink:label="label_PropertyManagementExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyManagementExpense" xml:lang="en" id="label_PropertyManagementExpense">Property management expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyManagementExpense" xlink:to="label_PropertyManagementExpense" xlink:title="Label : PropertyManagementExpense to label_PropertyManagementExpense" />
    <link:label xlink:type="resource" xlink:label="label_PropertyManagementExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PropertyManagementExpense_1" xml:lang="en" id="label_PropertyManagementExpense_1">XII. Property management costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyManagementExpense" xlink:to="label_PropertyManagementExpense_1" xlink:title="Label : PropertyManagementExpense to label_PropertyManagementExpense_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_OtherPropertyCosts" xlink:label="OtherPropertyCosts" xlink:title="OtherPropertyCosts" />
    <link:label xlink:type="resource" xlink:label="label_OtherPropertyCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherPropertyCosts" xml:lang="en" id="label_OtherPropertyCosts">Other Property Costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPropertyCosts" xlink:to="label_OtherPropertyCosts" xlink:title="Label : OtherPropertyCosts to label_OtherPropertyCosts" />
    <link:label xlink:type="resource" xlink:label="label_OtherPropertyCosts_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherPropertyCosts_1" xml:lang="en" id="label_OtherPropertyCosts_1">The amount of other operating expenses arising from investment property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPropertyCosts" xlink:to="label_OtherPropertyCosts_1" xlink:title="Label : OtherPropertyCosts to label_OtherPropertyCosts_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherPropertyCosts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherPropertyCosts_2" xml:lang="en" id="label_OtherPropertyCosts_2">XIII. Other property charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherPropertyCosts" xlink:to="label_OtherPropertyCosts_2" xlink:title="Label : OtherPropertyCosts to label_OtherPropertyCosts_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="GeneralAndAdministrativeExpense" xlink:title="GeneralAndAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeneralAndAdministrativeExpense" xml:lang="en" id="label_GeneralAndAdministrativeExpense">General and administrative expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_GeneralAndAdministrativeExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GeneralAndAdministrativeExpense_1" xml:lang="en" id="label_GeneralAndAdministrativeExpense_1">XIV. Overheads</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeneralAndAdministrativeExpense" xlink:to="label_GeneralAndAdministrativeExpense_1" xlink:title="Label : GeneralAndAdministrativeExpense to label_GeneralAndAdministrativeExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="OtherOperatingIncomeExpense" xlink:title="OtherOperatingIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeExpense" xml:lang="en" id="label_OtherOperatingIncomeExpense">Other operating income (expense)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeExpense_1" xml:lang="en" id="label_OtherOperatingIncomeExpense_1">XV. Other operating income and charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeExpense" xlink:to="label_OtherOperatingIncomeExpense_1" xlink:title="Label : OtherOperatingIncomeExpense to label_OtherOperatingIncomeExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestmentProperties" xlink:label="GainsLossesOnDisposalsOfInvestmentProperties" xlink:title="GainsLossesOnDisposalsOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfInvestmentProperties" xml:lang="en" id="label_GainsLossesOnDisposalsOfInvestmentProperties">Gains (losses) on disposals of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfInvestmentProperties" xlink:to="label_GainsLossesOnDisposalsOfInvestmentProperties" xlink:title="Label : GainsLossesOnDisposalsOfInvestmentProperties to label_GainsLossesOnDisposalsOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnDisposalsOfInvestmentProperties_1" xml:lang="en" id="label_GainsLossesOnDisposalsOfInvestmentProperties_1">XVI. Gains and losses on disposals of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfInvestmentProperties" xlink:to="label_GainsLossesOnDisposalsOfInvestmentProperties_1" xlink:title="Label : GainsLossesOnDisposalsOfInvestmentProperties to label_GainsLossesOnDisposalsOfInvestmentProperties_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:label="GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:title="GainsLossesOnDisposalsOfOtherNonFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets" xml:lang="en" id="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets">Gains (Losses) on Disposals of Other Non Financial Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:to="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:title="Label : GainsLossesOnDisposalsOfOtherNonFinancialAssets to label_GainsLossesOnDisposalsOfOtherNonFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_1" xml:lang="en" id="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_1">XVII. Gains and losses on disposals of other non-financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:to="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_1" xlink:title="Label : GainsLossesOnDisposalsOfOtherNonFinancialAssets to label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_2" xml:lang="en" id="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_2">The gains (losses) on disposals of other non-financial assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfOtherNonFinancialAssets" xlink:to="label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_2" xlink:title="Label : GainsLossesOnDisposalsOfOtherNonFinancialAssets to label_GainsLossesOnDisposalsOfOtherNonFinancialAssets_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:title="GainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnFairValueAdjustmentInvestmentProperty" xml:lang="en" id="label_GainsLossesOnFairValueAdjustmentInvestmentProperty">Gains (losses) on fair value adjustment, investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="label_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:title="Label : GainsLossesOnFairValueAdjustmentInvestmentProperty to label_GainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnFairValueAdjustmentInvestmentProperty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnFairValueAdjustmentInvestmentProperty_1" xml:lang="en" id="label_GainsLossesOnFairValueAdjustmentInvestmentProperty_1">XVIII. Changes in fair value of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="label_GainsLossesOnFairValueAdjustmentInvestmentProperty_1" xlink:title="Label : GainsLossesOnFairValueAdjustmentInvestmentProperty to label_GainsLossesOnFairValueAdjustmentInvestmentProperty_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_OtherResultOnPortfolio" xlink:label="OtherResultOnPortfolio" xlink:title="OtherResultOnPortfolio" />
    <link:label xlink:type="resource" xlink:label="label_OtherResultOnPortfolio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherResultOnPortfolio" xml:lang="en" id="label_OtherResultOnPortfolio">Other Result on Portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherResultOnPortfolio" xlink:to="label_OtherResultOnPortfolio" xlink:title="Label : OtherResultOnPortfolio to label_OtherResultOnPortfolio" />
    <link:label xlink:type="resource" xlink:label="label_OtherResultOnPortfolio_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherResultOnPortfolio_1" xml:lang="en" id="label_OtherResultOnPortfolio_1">Other result on portfolio realised by the organisation follwoing the consolidation or mergers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherResultOnPortfolio" xlink:to="label_OtherResultOnPortfolio_1" xlink:title="Label : OtherResultOnPortfolio to label_OtherResultOnPortfolio_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherResultOnPortfolio_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherResultOnPortfolio_2" xml:lang="en" id="label_OtherResultOnPortfolio_2">XIX. Other result on portfolio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherResultOnPortfolio" xlink:to="label_OtherResultOnPortfolio_2" xlink:title="Label : OtherResultOnPortfolio to label_OtherResultOnPortfolio_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncome" xlink:label="FinanceIncome" xlink:title="FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncome" xml:lang="en" id="label_FinanceIncome">Finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome" xlink:title="Label : FinanceIncome to label_FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceIncome_1" xml:lang="en" id="label_FinanceIncome_1">XX. Financial income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome_1" xlink:title="Label : FinanceIncome to label_FinanceIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="FinanceCosts" xlink:title="FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceCosts" xml:lang="en" id="label_FinanceCosts">Finance costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts" xlink:title="Label : FinanceCosts to label_FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinanceCosts_1" xml:lang="en" id="label_FinanceCosts_1">XXI. Net interest charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_1" xlink:title="Label : FinanceCosts to label_FinanceCosts_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceCost" xml:lang="en" id="label_OtherFinanceCost">Other finance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherFinanceCost_1" xml:lang="en" id="label_OtherFinanceCost_1">XXII. Other financial charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost_1" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:title="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en" id="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss">Gains (losses) on financial assets at fair value through profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:title="Label : GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss to label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_1" xml:lang="en" id="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_1">XXIII. Changes in fair value of financial assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_1" xlink:title="Label : GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss to label_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xml:lang="en" id="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1">XXIV. Share in the profit or loss of associates and joint ventures accounted for using the equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:title="Label : ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="CurrentTaxExpenseIncome" xlink:title="CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxExpenseIncome" xml:lang="en" id="label_CurrentTaxExpenseIncome">Current tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentTaxExpenseIncome_1" xml:lang="en" id="label_CurrentTaxExpenseIncome_1">XXV. Corporate tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome_1" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ExitTaxExpenseIncome" xlink:label="ExitTaxExpenseIncome" xlink:title="ExitTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExitTaxExpenseIncome" xml:lang="en" id="label_ExitTaxExpenseIncome">Exit Tax Expense (Income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxExpenseIncome" xlink:to="label_ExitTaxExpenseIncome" xlink:title="Label : ExitTaxExpenseIncome to label_ExitTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxExpenseIncome_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExitTaxExpenseIncome_1" xml:lang="en" id="label_ExitTaxExpenseIncome_1">The movement of exit taxes payable (recoverable) in the current reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxExpenseIncome" xlink:to="label_ExitTaxExpenseIncome_1" xlink:title="Label : ExitTaxExpenseIncome to label_ExitTaxExpenseIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_ExitTaxExpenseIncome_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ExitTaxExpenseIncome_2" xml:lang="en" id="label_ExitTaxExpenseIncome_2">XXVI. Exit tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExitTaxExpenseIncome" xlink:to="label_ExitTaxExpenseIncome_2" xlink:title="Label : ExitTaxExpenseIncome to label_ExitTaxExpenseIncome_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss" xml:lang="en" id="label_ProfitLoss">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="Label : ProfitLoss to label_ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLoss_1" xml:lang="en" id="label_ProfitLoss_1">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_1" xlink:title="Label : ProfitLoss to label_ProfitLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLoss_2" xml:lang="en" id="label_ProfitLoss_2">I. Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:title="Label : ProfitLoss to label_ProfitLoss_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en" id="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract">Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xml:lang="en" id="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1">II. Other comprehensive income recyclable under the income statement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" xlink:title="Label : ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract to label_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:label="ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:title="ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xml:lang="en" id="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties">Impact on The Fair Value of Estimated Transaction Rights and Costs Resulting from The Hypothetical Disposal of Investment Properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:title="Label : ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties to label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_1" xml:lang="en" id="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_1">Adjustments for gains (losses) arising from a change in the fair value of estimated transaction rights and costs resulting from the hypothetical disposal of investment property to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_1" xlink:title="Label : ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties to label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_2" xml:lang="en" id="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_2">A. Impact on fair value of estimated transaction costs resulting from hypothetical disposal of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties" xlink:to="label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_2" xlink:title="Label : ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties to label_ImpactOnTheFairValueOfEstimatedTransactionRightsAndCostsResultingFromTheHypotheticalDisposalOfInvestmentProperties_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:label="OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:title="OtherComprehensiveIncomeNetOfTaxCashFlowHedges" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges">Other comprehensive income, net of tax, cash flow hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxCashFlowHedges to label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_1" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_1">B. Changes in the effective part of the fair value of authorised cash flow hedge instruments as defined under IFRS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxCashFlowHedges to label_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xml:lang="en" id="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax">Gains (losses) on exchange differences on translation, net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationNetOfTax to label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_1" xml:lang="en" id="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_1">D. Currency translation differences linked to conversion of foreign activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_1" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationNetOfTax to label_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:label="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:title="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xml:lang="en" id="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax">Other individually immaterial components of other comprehensive income, net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:to="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:title="Label : OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax to label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax_1" xml:lang="en" id="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax_1">H. Other comprehensive income, net of taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax" xlink:to="label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax_1" xlink:title="Label : OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax to label_OtherIndividuallyImmaterialComponentsOfOtherComprehensiveIncomeNetOfTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:label="NameOfReportingEntityOrOtherMeansOfIdentification" xlink:title="NameOfReportingEntityOrOtherMeansOfIdentification" />
    <link:label xlink:type="resource" xlink:label="label_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfReportingEntityOrOtherMeansOfIdentification" xml:lang="en" id="label_NameOfReportingEntityOrOtherMeansOfIdentification">Name of reporting entity or other means of identification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfReportingEntityOrOtherMeansOfIdentification" xlink:to="label_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:title="Label : NameOfReportingEntityOrOtherMeansOfIdentification to label_NameOfReportingEntityOrOtherMeansOfIdentification" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DomicileOfEntity" xlink:label="DomicileOfEntity" xlink:title="DomicileOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_DomicileOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DomicileOfEntity" xml:lang="en" id="label_DomicileOfEntity">Domicile of entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomicileOfEntity" xlink:to="label_DomicileOfEntity" xlink:title="Label : DomicileOfEntity to label_DomicileOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalFormOfEntity" xlink:label="LegalFormOfEntity" xlink:title="LegalFormOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_LegalFormOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalFormOfEntity" xml:lang="en" id="label_LegalFormOfEntity">Legal form of entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalFormOfEntity" xlink:to="label_LegalFormOfEntity" xlink:title="Label : LegalFormOfEntity to label_LegalFormOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CountryOfIncorporation" xlink:label="CountryOfIncorporation" xlink:title="CountryOfIncorporation" />
    <link:label xlink:type="resource" xlink:label="label_CountryOfIncorporation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CountryOfIncorporation" xml:lang="en" id="label_CountryOfIncorporation">Country of incorporation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CountryOfIncorporation" xlink:to="label_CountryOfIncorporation" xlink:title="Label : CountryOfIncorporation to label_CountryOfIncorporation" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AddressOfRegisteredOfficeOfEntity" xlink:label="AddressOfRegisteredOfficeOfEntity" xlink:title="AddressOfRegisteredOfficeOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_AddressOfRegisteredOfficeOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AddressOfRegisteredOfficeOfEntity" xml:lang="en" id="label_AddressOfRegisteredOfficeOfEntity">Address of entity's registered office</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AddressOfRegisteredOfficeOfEntity" xlink:to="label_AddressOfRegisteredOfficeOfEntity" xlink:title="Label : AddressOfRegisteredOfficeOfEntity to label_AddressOfRegisteredOfficeOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusiness" xlink:label="PrincipalPlaceOfBusiness" xlink:title="PrincipalPlaceOfBusiness" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPlaceOfBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrincipalPlaceOfBusiness" xml:lang="en" id="label_PrincipalPlaceOfBusiness">Principal place of business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPlaceOfBusiness" xlink:to="label_PrincipalPlaceOfBusiness" xlink:title="Label : PrincipalPlaceOfBusiness to label_PrincipalPlaceOfBusiness" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:label="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:title="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xml:lang="en" id="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities">Description of nature of entity's operations and principal activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:to="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:title="Label : DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities to label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfParentEntity" xlink:label="NameOfParentEntity" xlink:title="NameOfParentEntity" />
    <link:label xlink:type="resource" xlink:label="label_NameOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfParentEntity" xml:lang="en" id="label_NameOfParentEntity">Name of parent entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfParentEntity" xlink:to="label_NameOfParentEntity" xlink:title="Label : NameOfParentEntity to label_NameOfParentEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="NoncurrentAssetsAbstract" xlink:title="NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsAbstract" xml:lang="en" id="label_NoncurrentAssetsAbstract">Non-current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsAbstract_1" xml:lang="en" id="label_NoncurrentAssetsAbstract_1">I. Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract_1" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" xlink:label="Goodwill" xlink:title="Goodwill" />
    <link:label xlink:type="resource" xlink:label="label_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Goodwill" xml:lang="en" id="label_Goodwill">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="label_Goodwill" xlink:title="Label : Goodwill to label_Goodwill" />
    <link:label xlink:type="resource" xlink:label="label_Goodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Goodwill_1" xml:lang="en" id="label_Goodwill_1">A. Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="label_Goodwill_1" xlink:title="Label : Goodwill to label_Goodwill_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:title="IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsOtherThanGoodwill" xml:lang="en" id="label_IntangibleAssetsOtherThanGoodwill">Intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwill_1" xml:lang="en" id="label_IntangibleAssetsOtherThanGoodwill_1">B. Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty" xlink:label="InvestmentProperty" xlink:title="InvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentProperty" xml:lang="en" id="label_InvestmentProperty">Investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentProperty" xlink:to="label_InvestmentProperty" xlink:title="Label : InvestmentProperty to label_InvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentProperty_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentProperty_1" xml:lang="en" id="label_InvestmentProperty_1">C. Investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentProperty" xlink:to="label_InvestmentProperty_1" xlink:title="Label : InvestmentProperty to label_InvestmentProperty_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentNonfinancialAssets" xlink:label="OtherNoncurrentNonfinancialAssets" xlink:title="OtherNoncurrentNonfinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentNonfinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentNonfinancialAssets" xml:lang="en" id="label_OtherNoncurrentNonfinancialAssets">Other non-current non-financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentNonfinancialAssets" xlink:to="label_OtherNoncurrentNonfinancialAssets" xlink:title="Label : OtherNoncurrentNonfinancialAssets to label_OtherNoncurrentNonfinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentNonfinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentNonfinancialAssets_1" xml:lang="en" id="label_OtherNoncurrentNonfinancialAssets_1">D. Other tangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentNonfinancialAssets" xlink:to="label_OtherNoncurrentNonfinancialAssets_1" xlink:title="Label : OtherNoncurrentNonfinancialAssets to label_OtherNoncurrentNonfinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialAssets" xlink:label="NoncurrentFinancialAssets" xlink:title="NoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentFinancialAssets" xml:lang="en" id="label_NoncurrentFinancialAssets">Non-current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialAssets" xlink:to="label_NoncurrentFinancialAssets" xlink:title="Label : NoncurrentFinancialAssets to label_NoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentFinancialAssets_1" xml:lang="en" id="label_NoncurrentFinancialAssets_1">E. Non-current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialAssets" xlink:to="label_NoncurrentFinancialAssets_1" xlink:title="Label : NoncurrentFinancialAssets to label_NoncurrentFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:label="NoncurrentFinanceLeaseReceivables" xlink:title="NoncurrentFinanceLeaseReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentFinanceLeaseReceivables" xml:lang="en" id="label_NoncurrentFinanceLeaseReceivables">Non-current finance lease receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinanceLeaseReceivables" xlink:to="label_NoncurrentFinanceLeaseReceivables" xlink:title="Label : NoncurrentFinanceLeaseReceivables to label_NoncurrentFinanceLeaseReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinanceLeaseReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentFinanceLeaseReceivables_1" xml:lang="en" id="label_NoncurrentFinanceLeaseReceivables_1">F. Finance lease receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinanceLeaseReceivables" xlink:to="label_NoncurrentFinanceLeaseReceivables_1" xlink:title="Label : NoncurrentFinanceLeaseReceivables to label_NoncurrentFinanceLeaseReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:label="NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:title="NonCurrentReceivablesAndOtherNonCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentReceivablesAndOtherNonCurrentAssets" xml:lang="en" id="label_NonCurrentReceivablesAndOtherNonCurrentAssets">Non Current Receivables and Other Non Current Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:to="label_NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:title="Label : NonCurrentReceivablesAndOtherNonCurrentAssets to label_NonCurrentReceivablesAndOtherNonCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesAndOtherNonCurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentReceivablesAndOtherNonCurrentAssets_1" xml:lang="en" id="label_NonCurrentReceivablesAndOtherNonCurrentAssets_1">The amount of non-current trade receivables and non- current other receivables and the amount of other non-current assets that the entity does not separately disclose in the same statement or not.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:to="label_NonCurrentReceivablesAndOtherNonCurrentAssets_1" xlink:title="Label : NonCurrentReceivablesAndOtherNonCurrentAssets to label_NonCurrentReceivablesAndOtherNonCurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentReceivablesAndOtherNonCurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentReceivablesAndOtherNonCurrentAssets_2" xml:lang="en" id="label_NonCurrentReceivablesAndOtherNonCurrentAssets_2">G. Trade receivables and other non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentReceivablesAndOtherNonCurrentAssets" xlink:to="label_NonCurrentReceivablesAndOtherNonCurrentAssets_2" xlink:title="Label : NonCurrentReceivablesAndOtherNonCurrentAssets to label_NonCurrentReceivablesAndOtherNonCurrentAssets_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="DeferredTaxAssets" xlink:title="DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssets" xml:lang="en" id="label_DeferredTaxAssets">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxAssets_1" xml:lang="en" id="label_DeferredTaxAssets_1">H. Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_1" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en" id="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod">Investments in Associates and Joint Ventures Accounted for Using Equity Method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xml:lang="en" id="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_1">I. Equity-accounted investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:title="Label : InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xml:lang="en" id="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_2">The amount of investments in associates and joint ventures accounted for using the equity method.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" xlink:title="Label : InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInAssociatesAndJointVenturesAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="CurrentAssetsAbstract" xlink:title="CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssetsAbstract" xml:lang="en" id="label_CurrentAssetsAbstract">Current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssetsAbstract_1" xml:lang="en" id="label_CurrentAssetsAbstract_1">II. Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract_1" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:title="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xml:lang="en" id="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale">Non-current assets or disposal groups classified as held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:title="Label : NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale to label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_1" xml:lang="en" id="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_1">A. Assets classified as held for sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_1" xlink:title="Label : NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale to label_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentFinancialAssets" xlink:label="CurrentFinancialAssets" xlink:title="CurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFinancialAssets" xml:lang="en" id="label_CurrentFinancialAssets">Current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialAssets" xlink:to="label_CurrentFinancialAssets" xlink:title="Label : CurrentFinancialAssets to label_CurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentFinancialAssets_1" xml:lang="en" id="label_CurrentFinancialAssets_1">B. Current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialAssets" xlink:to="label_CurrentFinancialAssets_1" xlink:title="Label : CurrentFinancialAssets to label_CurrentFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentFinanceLeaseReceivables" xlink:label="CurrentFinanceLeaseReceivables" xlink:title="CurrentFinanceLeaseReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFinanceLeaseReceivables" xml:lang="en" id="label_CurrentFinanceLeaseReceivables">Current finance lease receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinanceLeaseReceivables" xlink:to="label_CurrentFinanceLeaseReceivables" xlink:title="Label : CurrentFinanceLeaseReceivables to label_CurrentFinanceLeaseReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinanceLeaseReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentFinanceLeaseReceivables_1" xml:lang="en" id="label_CurrentFinanceLeaseReceivables_1">C. Finance lease receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinanceLeaseReceivables" xlink:to="label_CurrentFinanceLeaseReceivables_1" xlink:title="Label : CurrentFinanceLeaseReceivables to label_CurrentFinanceLeaseReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeReceivables" xlink:label="TradeReceivables" xlink:title="TradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeReceivables" xml:lang="en" id="label_TradeReceivables">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivables" xlink:to="label_TradeReceivables" xlink:title="Label : TradeReceivables to label_TradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_TradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeReceivables_1" xml:lang="en" id="label_TradeReceivables_1">D. Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeReceivables" xlink:to="label_TradeReceivables_1" xlink:title="Label : TradeReceivables to label_TradeReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_CurrentTaxAssetsAndOtherCurrentAssets" xlink:label="CurrentTaxAssetsAndOtherCurrentAssets" xlink:title="CurrentTaxAssetsAndOtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsAndOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssetsAndOtherCurrentAssets" xml:lang="en" id="label_CurrentTaxAssetsAndOtherCurrentAssets">Current Tax Assets and Other Current Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsAndOtherCurrentAssets" xlink:to="label_CurrentTaxAssetsAndOtherCurrentAssets" xlink:title="Label : CurrentTaxAssetsAndOtherCurrentAssets to label_CurrentTaxAssetsAndOtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsAndOtherCurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTaxAssetsAndOtherCurrentAssets_1" xml:lang="en" id="label_CurrentTaxAssetsAndOtherCurrentAssets_1">The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods and the amount of current assets (incl. current other receivabes) that the entity does not separately disclose in the same statement or note. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsAndOtherCurrentAssets" xlink:to="label_CurrentTaxAssetsAndOtherCurrentAssets_1" xlink:title="Label : CurrentTaxAssetsAndOtherCurrentAssets to label_CurrentTaxAssetsAndOtherCurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsAndOtherCurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssetsAndOtherCurrentAssets_2" xml:lang="en" id="label_CurrentTaxAssetsAndOtherCurrentAssets_2">E. Tax receivables and other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsAndOtherCurrentAssets" xlink:to="label_CurrentTaxAssetsAndOtherCurrentAssets_2" xlink:title="Label : CurrentTaxAssetsAndOtherCurrentAssets to label_CurrentTaxAssetsAndOtherCurrentAssets_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalents" xml:lang="en" id="label_CashAndCashEquivalents">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalents_1" xml:lang="en" id="label_CashAndCashEquivalents_1">Cash and cash equivalents at beginning of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_1" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalents_2" xml:lang="en" id="label_CashAndCashEquivalents_2">Cash and cash equivalents at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_2" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalents_3" xml:lang="en" id="label_CashAndCashEquivalents_3">F. Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_3" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrepaymentsAndAccruedIncome" xlink:label="PrepaymentsAndAccruedIncome" xlink:title="PrepaymentsAndAccruedIncome" />
    <link:label xlink:type="resource" xlink:label="label_PrepaymentsAndAccruedIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrepaymentsAndAccruedIncome" xml:lang="en" id="label_PrepaymentsAndAccruedIncome">Prepayments and accrued income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentsAndAccruedIncome" xlink:to="label_PrepaymentsAndAccruedIncome" xlink:title="Label : PrepaymentsAndAccruedIncome to label_PrepaymentsAndAccruedIncome" />
    <link:label xlink:type="resource" xlink:label="label_PrepaymentsAndAccruedIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PrepaymentsAndAccruedIncome_1" xml:lang="en" id="label_PrepaymentsAndAccruedIncome_1">G. Deferred charges and accrued income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentsAndAccruedIncome" xlink:to="label_PrepaymentsAndAccruedIncome_1" xlink:title="Label : PrepaymentsAndAccruedIncome to label_PrepaymentsAndAccruedIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="IssuedCapital" xlink:title="IssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapital" xml:lang="en" id="label_IssuedCapital">Issued capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital" xlink:title="Label : IssuedCapital to label_IssuedCapital" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapital_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapital_1" xml:lang="en" id="label_IssuedCapital_1">A. Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapital" xlink:to="label_IssuedCapital_1" xlink:title="Label : IssuedCapital to label_IssuedCapital_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremium" xlink:label="SharePremium" xlink:title="SharePremium" />
    <link:label xlink:type="resource" xlink:label="label_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePremium" xml:lang="en" id="label_SharePremium">Share premium</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremium" xlink:to="label_SharePremium" xlink:title="Label : SharePremium to label_SharePremium" />
    <link:label xlink:type="resource" xlink:label="label_SharePremium_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePremium_1" xml:lang="en" id="label_SharePremium_1">B. Share premium account</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremium" xlink:to="label_SharePremium_1" xlink:title="Label : SharePremium to label_SharePremium_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_Reserves" xlink:label="Reserves" xlink:title="Reserves" />
    <link:label xlink:type="resource" xlink:label="label_Reserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Reserves" xml:lang="en" id="label_Reserves">Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Reserves" xlink:to="label_Reserves" xlink:title="Label : Reserves to label_Reserves" />
    <link:label xlink:type="resource" xlink:label="label_Reserves_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_Reserves_1" xml:lang="en" id="label_Reserves_1">A component of equity representing reserves within equity, including retained earnings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Reserves" xlink:to="label_Reserves_1" xlink:title="Label : Reserves to label_Reserves_1" />
    <link:label xlink:type="resource" xlink:label="label_Reserves_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Reserves_2" xml:lang="en" id="label_Reserves_2">C. Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Reserves" xlink:to="label_Reserves_2" xlink:title="Label : Reserves to label_Reserves_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_NetResultOfThePeriod" xlink:label="NetResultOfThePeriod" xlink:title="NetResultOfThePeriod" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfThePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetResultOfThePeriod" xml:lang="en" id="label_NetResultOfThePeriod">Net Result of The Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfThePeriod" xlink:to="label_NetResultOfThePeriod" xlink:title="Label : NetResultOfThePeriod to label_NetResultOfThePeriod" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfThePeriod_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetResultOfThePeriod_1" xml:lang="en" id="label_NetResultOfThePeriod_1">The total of net result of the year calculated as the income less expenses, excluding the components of other comprehensive income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfThePeriod" xlink:to="label_NetResultOfThePeriod_1" xlink:title="Label : NetResultOfThePeriod to label_NetResultOfThePeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfThePeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetResultOfThePeriod_2" xml:lang="en" id="label_NetResultOfThePeriod_2">D. Profit (loss) of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfThePeriod" xlink:to="label_NetResultOfThePeriod_2" xlink:title="Label : NetResultOfThePeriod to label_NetResultOfThePeriod_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="NoncontrollingInterests" xlink:title="NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterests" xml:lang="en" id="label_NoncontrollingInterests">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterests_1" xml:lang="en" id="label_NoncontrollingInterests_1">II. Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests_1" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="NoncurrentLiabilitiesAbstract" xlink:title="NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilitiesAbstract" xml:lang="en" id="label_NoncurrentLiabilitiesAbstract">Non-current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLiabilitiesAbstract_1" xml:lang="en" id="label_NoncurrentLiabilitiesAbstract_1">I. Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract_1" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentProvisions" xlink:label="NoncurrentProvisions" xlink:title="NoncurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentProvisions" xml:lang="en" id="label_NoncurrentProvisions">Non-current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisions" xlink:to="label_NoncurrentProvisions" xlink:title="Label : NoncurrentProvisions to label_NoncurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentProvisions_1" xml:lang="en" id="label_NoncurrentProvisions_1">A. Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisions" xlink:to="label_NoncurrentProvisions_1" xlink:title="Label : NoncurrentProvisions to label_NoncurrentProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialLiabilities" xlink:label="NoncurrentFinancialLiabilities" xlink:title="NoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentFinancialLiabilities" xml:lang="en" id="label_NoncurrentFinancialLiabilities">Non-current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialLiabilities" xlink:to="label_NoncurrentFinancialLiabilities" xlink:title="Label : NoncurrentFinancialLiabilities to label_NoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentFinancialLiabilities_1" xml:lang="en" id="label_NoncurrentFinancialLiabilities_1">B. Non-current financial debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialLiabilities" xlink:to="label_NoncurrentFinancialLiabilities_1" xlink:title="Label : NoncurrentFinancialLiabilities to label_NoncurrentFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:label="OtherNoncurrentFinancialLiabilities" xlink:title="OtherNoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentFinancialLiabilities" xml:lang="en" id="label_OtherNoncurrentFinancialLiabilities">Other non-current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialLiabilities" xlink:to="label_OtherNoncurrentFinancialLiabilities" xlink:title="Label : OtherNoncurrentFinancialLiabilities to label_OtherNoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherNoncurrentFinancialLiabilities_1" xml:lang="en" id="label_OtherNoncurrentFinancialLiabilities_1">C. Other non-current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialLiabilities" xlink:to="label_OtherNoncurrentFinancialLiabilities_1" xlink:title="Label : OtherNoncurrentFinancialLiabilities to label_OtherNoncurrentFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:label="NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:title="NoncurrentTradePayablesAndOtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xml:lang="en" id="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities">Noncurrent Trade Payables and Other Noncurrent Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:to="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:title="Label : NoncurrentTradePayablesAndOtherNoncurrentLiabilities to label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_1" xml:lang="en" id="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_1">The amount of non-current trade payables and non- current other payables and the amount of non-current liabilities that the entity does not separately disclose in the same statement or note.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:to="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_1" xlink:title="Label : NoncurrentTradePayablesAndOtherNoncurrentLiabilities to label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_2" xml:lang="en" id="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_2">D. Trade debts and other non-current debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentTradePayablesAndOtherNoncurrentLiabilities" xlink:to="label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_2" xlink:title="Label : NoncurrentTradePayablesAndOtherNoncurrentLiabilities to label_NoncurrentTradePayablesAndOtherNoncurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="OtherNoncurrentLiabilities" xlink:title="OtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentLiabilities" xml:lang="en" id="label_OtherNoncurrentLiabilities">Other non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="label_OtherNoncurrentLiabilities" xlink:title="Label : OtherNoncurrentLiabilities to label_OtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentLiabilities_1" xml:lang="en" id="label_OtherNoncurrentLiabilities_1">E. Other non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="label_OtherNoncurrentLiabilities_1" xlink:title="Label : OtherNoncurrentLiabilities to label_OtherNoncurrentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="DeferredTaxLiabilities" xlink:title="DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilities" xml:lang="en" id="label_DeferredTaxLiabilities">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxLiabilities_1" xml:lang="en" id="label_DeferredTaxLiabilities_1">F. Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_1" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="CurrentLiabilitiesAbstract" xlink:title="CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilitiesAbstract" xml:lang="en" id="label_CurrentLiabilitiesAbstract">Current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLiabilitiesAbstract_1" xml:lang="en" id="label_CurrentLiabilitiesAbstract_1">II. Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract_1" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentProvisions" xlink:label="CurrentProvisions" xlink:title="CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentProvisions" xml:lang="en" id="label_CurrentProvisions">Current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions" xlink:title="Label : CurrentProvisions to label_CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentProvisions_1" xml:lang="en" id="label_CurrentProvisions_1">A. Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions_1" xlink:title="Label : CurrentProvisions to label_CurrentProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentFinancialLiabilities" xlink:label="CurrentFinancialLiabilities" xlink:title="CurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFinancialLiabilities" xml:lang="en" id="label_CurrentFinancialLiabilities">Current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialLiabilities" xlink:to="label_CurrentFinancialLiabilities" xlink:title="Label : CurrentFinancialLiabilities to label_CurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentFinancialLiabilities_1" xml:lang="en" id="label_CurrentFinancialLiabilities_1">B. Current financial debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFinancialLiabilities" xlink:to="label_CurrentFinancialLiabilities_1" xlink:title="Label : CurrentFinancialLiabilities to label_CurrentFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialLiabilities" xlink:label="OtherCurrentFinancialLiabilities" xlink:title="OtherCurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentFinancialLiabilities" xml:lang="en" id="label_OtherCurrentFinancialLiabilities">Other current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentFinancialLiabilities" xlink:to="label_OtherCurrentFinancialLiabilities" xlink:title="Label : OtherCurrentFinancialLiabilities to label_OtherCurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentFinancialLiabilities_1" xml:lang="en" id="label_OtherCurrentFinancialLiabilities_1">C. Other current financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentFinancialLiabilities" xlink:to="label_OtherCurrentFinancialLiabilities_1" xlink:title="Label : OtherCurrentFinancialLiabilities to label_OtherCurrentFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="TradeAndOtherCurrentPayables" xlink:title="TradeAndOtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayables" xml:lang="en" id="label_TradeAndOtherCurrentPayables">Trade and other current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_TradeAndOtherCurrentPayables_1" xml:lang="en" id="label_TradeAndOtherCurrentPayables_1">D. Trade debts and other current debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables_1" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentNonfinancialLiabilities" xlink:label="OtherCurrentNonfinancialLiabilities" xlink:title="OtherCurrentNonfinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentNonfinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentNonfinancialLiabilities" xml:lang="en" id="label_OtherCurrentNonfinancialLiabilities">Other current non-financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNonfinancialLiabilities" xlink:to="label_OtherCurrentNonfinancialLiabilities" xlink:title="Label : OtherCurrentNonfinancialLiabilities to label_OtherCurrentNonfinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentNonfinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentNonfinancialLiabilities_1" xml:lang="en" id="label_OtherCurrentNonfinancialLiabilities_1">E. Other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNonfinancialLiabilities" xlink:to="label_OtherCurrentNonfinancialLiabilities_1" xlink:title="Label : OtherCurrentNonfinancialLiabilities to label_OtherCurrentNonfinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccrualsAndDeferredIncome" xlink:label="AccrualsAndDeferredIncome" xlink:title="AccrualsAndDeferredIncome" />
    <link:label xlink:type="resource" xlink:label="label_AccrualsAndDeferredIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccrualsAndDeferredIncome" xml:lang="en" id="label_AccrualsAndDeferredIncome">Accruals and deferred income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccrualsAndDeferredIncome" xlink:to="label_AccrualsAndDeferredIncome" xlink:title="Label : AccrualsAndDeferredIncome to label_AccrualsAndDeferredIncome" />
    <link:label xlink:type="resource" xlink:label="label_AccrualsAndDeferredIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AccrualsAndDeferredIncome_1" xml:lang="en" id="label_AccrualsAndDeferredIncome_1">F. Accrued charges and deferred income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccrualsAndDeferredIncome" xlink:to="label_AccrualsAndDeferredIncome_1" xlink:title="Label : AccrualsAndDeferredIncome to label_AccrualsAndDeferredIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="StatementOfCashFlowsAbstract" xlink:title="StatementOfCashFlowsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfCashFlowsAbstract" xml:lang="en" id="label_StatementOfCashFlowsAbstract">Consolidated Cash Flow Statement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfCashFlowsAbstract" xlink:to="label_StatementOfCashFlowsAbstract" xlink:title="Label : StatementOfCashFlowsAbstract to label_StatementOfCashFlowsAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ProfitLossAttributableToOwnersOfParent" xlink:title="ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToOwnersOfParent" xml:lang="en" id="label_ProfitLossAttributableToOwnersOfParent">Profit (loss), attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToOwnersOfParent_1" xml:lang="en" id="label_ProfitLossAttributableToOwnersOfParent_1">Owners of the parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent_1" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLossAttributableToOwnersOfParent_2" xml:lang="en" id="label_ProfitLossAttributableToOwnersOfParent_2">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent_2" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ComponentsOfEquityAxis" xlink:title="ComponentsOfEquityAxis" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityAxis" xml:lang="en" id="label_ComponentsOfEquityAxis">Components of equity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityAxis" xlink:to="label_ComponentsOfEquityAxis" xlink:title="Label : ComponentsOfEquityAxis to label_ComponentsOfEquityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember" xlink:label="EquityMember" xlink:title="EquityMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMember" xml:lang="en" id="label_EquityMember">Equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="label_EquityMember" xlink:title="Label : EquityMember to label_EquityMember" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReservesMember" xlink:label="ReservesMember" xlink:title="ReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReservesMember" xml:lang="en" id="label_ReservesMember">Reserves [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesMember" xlink:to="label_ReservesMember" xlink:title="Label : ReservesMember to label_ReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReservesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReservesMember_1" xml:lang="en" id="label_ReservesMember_1">Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesMember" xlink:to="label_ReservesMember_1" xlink:title="Label : ReservesMember to label_ReservesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReservesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReservesMember_2" xml:lang="en" id="label_ReservesMember_2">This member stands for a component of equity representing reserves within equity including retained earnings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReservesMember" xlink:to="label_ReservesMember_2" xlink:title="Label : ReservesMember to label_ReservesMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:label="ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:title="ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember">Reserve for Balance of Changes in Fair Value of Investment Properties [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember to label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_1">b. Reserve for the balance of changes in fair value of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember to label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_2">This member stands for a component of equity representing accumulated changes in fair value of investment properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember to label_ReserveForBalanceOfChangesInFairValueOfInvestmentPropertiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:label="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:title="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember">Reserve for Estimated Transaction Costs Resulting from Hypothetical Disposal of Investment Properties [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_1" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_1">c. Reserve for estimated transaction costs resulting from hypothetical disposal of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_1" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_2" xml:lang="en" id="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_2">This member stands for a component of equity representing reserve for estimated transaction costs resulting from hypothetical disposal of investment properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember" xlink:to="label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_2" xlink:title="Label : ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember to label_ReserveForEstimatedTransactionCostsResultingFromHypotheticalDisposalOfInvestmentPropertiesMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:label="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:title="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember">Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Qualifying for Hedge Accounting As Defined Under I F R S [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1">d. Reserve for the balance of changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2">This member stands for a component of equity representing accumulated changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:label="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:title="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember">Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Not Qualifying for Hedge Accounting As Defined Under I F R S [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1">e. Reserve for the balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2">This member stands for a component of equity representing accumulated changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRSMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:label="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:title="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember">Reserve of Exchange Differences Relating to Foreign Currency Monetary Items [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_1" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_1">f. Reserve of exchange differences relating to foreign currency monetary items</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_1" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_2" xml:lang="en" id="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_2">This member stands for a component of equity representing reserve of exchange differences relating to foreign currency monetary items.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember" xlink:to="label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_2" xlink:title="Label : ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember to label_ReserveOfExchangeDifferencesRelatingToForeignCurrencyMonetaryItemsMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForTreasurySharesMember" xlink:label="ReserveForTreasurySharesMember" xlink:title="ReserveForTreasurySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForTreasurySharesMember" xml:lang="en" id="label_ReserveForTreasurySharesMember">Reserve for Treasury Shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasurySharesMember" xlink:to="label_ReserveForTreasurySharesMember" xlink:title="Label : ReserveForTreasurySharesMember to label_ReserveForTreasurySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasurySharesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForTreasurySharesMember_1" xml:lang="en" id="label_ReserveForTreasurySharesMember_1">h. Reserve for treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasurySharesMember" xlink:to="label_ReserveForTreasurySharesMember_1" xlink:title="Label : ReserveForTreasurySharesMember to label_ReserveForTreasurySharesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForTreasurySharesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForTreasurySharesMember_2" xml:lang="en" id="label_ReserveForTreasurySharesMember_2">This member stands for a component of equity representing reserve for treasury shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForTreasurySharesMember" xlink:to="label_ReserveForTreasurySharesMember_2" xlink:title="Label : ReserveForTreasurySharesMember to label_ReserveForTreasurySharesMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:label="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:title="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember">Reserve for Deferred Taxes on Investment Properties Located Abroad [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_1" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_1">k. Reserve for deferred taxes on investment properties located abroad</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_1" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_2" xml:lang="en" id="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_2">This member stands for a component of equity representing reserve for deferred taxes on investment properties located abroad.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember" xlink:to="label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_2" xlink:title="Label : ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember to label_ReserveForDeferredTaxesOnInvestmentPropertiesLocatedAbroadMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:label="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:title="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember">Reserve for Share of Net Income and Other Comprehensive Income of Equity Method Invest [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_1" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_1">o. Reserve- share NI &amp; OCI of equity method invest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_1" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_2" xml:lang="en" id="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_2">This member stands for a component of equity representing reserve for share of net income and other comprehensive income of equity method invest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember" xlink:to="label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_2" xlink:title="Label : ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember to label_ReserveForShareOfNetIncomeAndOtherComprehensiveIncomeOfEquityMethodInvestMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_NetResultOfPeriodMember" xlink:label="NetResultOfPeriodMember" xlink:title="NetResultOfPeriodMember" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfPeriodMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetResultOfPeriodMember" xml:lang="en" id="label_NetResultOfPeriodMember">Net Result of Period [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfPeriodMember" xlink:to="label_NetResultOfPeriodMember" xlink:title="Label : NetResultOfPeriodMember to label_NetResultOfPeriodMember" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfPeriodMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetResultOfPeriodMember_1" xml:lang="en" id="label_NetResultOfPeriodMember_1">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfPeriodMember" xlink:to="label_NetResultOfPeriodMember_1" xlink:title="Label : NetResultOfPeriodMember to label_NetResultOfPeriodMember_1" />
    <link:label xlink:type="resource" xlink:label="label_NetResultOfPeriodMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetResultOfPeriodMember_2" xml:lang="en" id="label_NetResultOfPeriodMember_2">This member stands for a component of equity representing net result of the financial period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetResultOfPeriodMember" xlink:to="label_NetResultOfPeriodMember_2" xlink:title="Label : NetResultOfPeriodMember to label_NetResultOfPeriodMember_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:label="IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:title="IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xml:lang="en" id="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals">Increase (Decrease) Through Other Transfer Relating to Asset Disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:to="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:title="Label : IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals to label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_1" xml:lang="en" id="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_1">Other transfer relating to asset disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:to="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_1" xlink:title="Label : IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals to label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_2" xml:lang="en" id="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_2">The increase (decrease) in equity resulting from other transfer relating to asset disposals.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals" xlink:to="label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_2" xlink:title="Label : IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals to label_IncreaseDecreaseThroughOtherTransferRelatingToAssetDisposals_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_IncreaseDecreaseThroughTransfersBetweenReserves" xlink:label="IncreaseDecreaseThroughTransfersBetweenReserves" xlink:title="IncreaseDecreaseThroughTransfersBetweenReserves" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersBetweenReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersBetweenReserves" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersBetweenReserves">Increase (Decrease) Through Transfers Between Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersBetweenReserves" xlink:to="label_IncreaseDecreaseThroughTransfersBetweenReserves" xlink:title="Label : IncreaseDecreaseThroughTransfersBetweenReserves to label_IncreaseDecreaseThroughTransfersBetweenReserves" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersBetweenReserves_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersBetweenReserves_1" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersBetweenReserves_1">Transfers between reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersBetweenReserves" xlink:to="label_IncreaseDecreaseThroughTransfersBetweenReserves_1" xlink:title="Label : IncreaseDecreaseThroughTransfersBetweenReserves to label_IncreaseDecreaseThroughTransfersBetweenReserves_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersBetweenReserves_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughTransfersBetweenReserves_2" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersBetweenReserves_2">The increase (decrease) in equity resulting from transfers between reserves.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersBetweenReserves" xlink:to="label_IncreaseDecreaseThroughTransfersBetweenReserves_2" xlink:title="Label : IncreaseDecreaseThroughTransfersBetweenReserves to label_IncreaseDecreaseThroughTransfersBetweenReserves_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:label="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:title="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS">Reserve for balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under I F R S</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_1">A component of equity representing accumulated changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_2">e. Reserve for the balance of changes in fair value of authorised hedging instruments not qualifying for hedge accounting as defined under IFRS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsNotQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapitalMember" xml:lang="en" id="label_IssuedCapitalMember">Issued capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember_1" xml:lang="en" id="label_IssuedCapitalMember_1">Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_1" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:title="EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en" id="label_EquityAttributableToOwnersOfParentMember">Equity attributable to owners of parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember_1" xml:lang="en" id="label_EquityAttributableToOwnersOfParentMember_1">Equity attributable to owners of the parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember_1" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremiumMember" xlink:label="SharePremiumMember" xlink:title="SharePremiumMember" />
    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePremiumMember" xml:lang="en" id="label_SharePremiumMember">Share premium [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember" xlink:title="Label : SharePremiumMember to label_SharePremiumMember" />
    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePremiumMember_1" xml:lang="en" id="label_SharePremiumMember_1">Share premium account</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember_1" xlink:title="Label : SharePremiumMember to label_SharePremiumMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserveMember" xlink:label="StatutoryReserveMember" xlink:title="StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatutoryReserveMember" xml:lang="en" id="label_StatutoryReserveMember">Statutory reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatutoryReserveMember_1" xml:lang="en" id="label_StatutoryReserveMember_1">a. Legal reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember_1" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslationMember">Reserve of exchange differences on translation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslationMember_1">g. Foreign currency translation reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReservesMember" xlink:label="OtherReservesMember" xlink:title="OtherReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReservesMember" xml:lang="en" id="label_OtherReservesMember">Other reserves [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReservesMember" xlink:to="label_OtherReservesMember" xlink:title="Label : OtherReservesMember to label_OtherReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReservesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReservesMember_1" xml:lang="en" id="label_OtherReservesMember_1">m. Other reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReservesMember" xlink:to="label_OtherReservesMember_1" xlink:title="Label : OtherReservesMember to label_OtherReservesMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xml:lang="en" id="label_RetainedEarningsMember">Retained earnings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember_1" xml:lang="en" id="label_RetainedEarningsMember_1">n. Result brought forward from previous years</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_1" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="NoncontrollingInterestsMember" xlink:title="NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestsMember" xml:lang="en" id="label_NoncontrollingInterestsMember">Non-controlling interests [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsMember_1" xml:lang="en" id="label_NoncontrollingInterestsMember_1">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember_1" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember_1" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies">Increase (Decrease) in Working Capital of Acquired or Merges Companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xlink:to="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xlink:title="Label : IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies to label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_1" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_1">The increase (decrease) in working capital of acquired or merged companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xlink:to="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_1" xlink:title="Label : IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies to label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_2" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_2">Repayment of working capital of acquired or merged companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies" xlink:to="label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_2" xlink:title="Label : IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies to label_IncreaseDecreaseInWorkingCapitalOfAcquiredOrMergesCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:label="ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:title="ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties">Reserve for Balance of Changes in Fair Value of Investment Properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentProperties to label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_1">A component of equity representing accumulated changes in fair value of investment properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentProperties to label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_2">b. Reserve for the balance of changes in fair value of investment properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfInvestmentProperties" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfInvestmentProperties to label_ReserveForBalanceOfChangesInFairValueOfInvestmentProperties_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:label="MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:title="MiscellaneousOtherNoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherNoncurrentFinancialLiabilities" xml:lang="en" id="label_MiscellaneousOtherNoncurrentFinancialLiabilities">Miscellaneous Other Noncurrent Financial Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:to="label_MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:title="Label : MiscellaneousOtherNoncurrentFinancialLiabilities to label_MiscellaneousOtherNoncurrentFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherNoncurrentFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MiscellaneousOtherNoncurrentFinancialLiabilities_1" xml:lang="en" id="label_MiscellaneousOtherNoncurrentFinancialLiabilities_1">The amount of miscellaneous other non-current financial liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:to="label_MiscellaneousOtherNoncurrentFinancialLiabilities_1" xlink:title="Label : MiscellaneousOtherNoncurrentFinancialLiabilities to label_MiscellaneousOtherNoncurrentFinancialLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherNoncurrentFinancialLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousOtherNoncurrentFinancialLiabilities_2" xml:lang="en" id="label_MiscellaneousOtherNoncurrentFinancialLiabilities_2">b. Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherNoncurrentFinancialLiabilities" xlink:to="label_MiscellaneousOtherNoncurrentFinancialLiabilities_2" xlink:title="Label : MiscellaneousOtherNoncurrentFinancialLiabilities to label_MiscellaneousOtherNoncurrentFinancialLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:label="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:title="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS">Reserve for Balance of Changes in Fair Value of Authorised Hedging Instruments Qualifying for Hedge Accounting as Defined Under I F R S</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_1">A component of equity representing accumulated changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xml:lang="en" id="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_2">d. Reserve for the balance of changes in fair value of authorised hedging instruments qualifying for hedge accounting as defined under IFRS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS" xlink:to="label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" xlink:title="Label : ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS to label_ReserveForBalanceOfChangesInFairValueOfAuthorisedHedgingInstrumentsQualifyingForHedgeAccountingAsDefinedUnderIFRS_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:label="GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:title="GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:to="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:title="Label : GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities to label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_1" xml:lang="en" id="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_1">The gains (losses) resulting from change in the fair value of financial assets and liabilities recognised in profit or loss.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:to="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_1" xlink:title="Label : GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities to label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_2" xml:lang="en" id="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_2">XXIII. Changes in fair value of financial assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities" xlink:to="label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_2" xlink:title="Label : GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities to label_GainsLossesOnChangeInFairValueOfFinancialAssetsAndLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncome" xml:lang="en" id="label_OtherIncome">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="Label : OtherIncome to label_OtherIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:label="DirectOperatingExpenseFromInvestmentProperty" xlink:title="DirectOperatingExpenseFromInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_DirectOperatingExpenseFromInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DirectOperatingExpenseFromInvestmentProperty" xml:lang="en" id="label_DirectOperatingExpenseFromInvestmentProperty">Direct operating expense from investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DirectOperatingExpenseFromInvestmentProperty" xlink:to="label_DirectOperatingExpenseFromInvestmentProperty" xlink:title="Label : DirectOperatingExpenseFromInvestmentProperty to label_DirectOperatingExpenseFromInvestmentProperty" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:label="GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:title="GainsLossesOnDisposalsOfPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xml:lang="en" id="label_GainsLossesOnDisposalsOfPropertyPlantAndEquipment">Gains (losses) on disposals of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:to="label_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:title="Label : GainsLossesOnDisposalsOfPropertyPlantAndEquipment to label_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:label="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:title="GainsLossesOnDisposalsOfNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnDisposalsOfNoncurrentAssets" xml:lang="en" id="label_GainsLossesOnDisposalsOfNoncurrentAssets">Gains (losses) on disposals of non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="label_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:title="Label : GainsLossesOnDisposalsOfNoncurrentAssets to label_GainsLossesOnDisposalsOfNoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncome" xml:lang="en" id="label_OtherComprehensiveIncome">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentReceivables" xlink:label="NoncurrentReceivables" xlink:title="NoncurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivables" xml:lang="en" id="label_NoncurrentReceivables">Trade and other non-current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivables" xlink:to="label_NoncurrentReceivables" xlink:title="Label : NoncurrentReceivables to label_NoncurrentReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="OtherNoncurrentAssets" xlink:title="OtherNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentAssets" xml:lang="en" id="label_OtherNoncurrentAssets">Other non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssets" xlink:to="label_OtherNoncurrentAssets" xlink:title="Label : OtherNoncurrentAssets to label_OtherNoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:label="InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:title="InvestmentsInAssociatesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInAssociatesAccountedForUsingEquityMethod" xml:lang="en" id="label_InvestmentsInAssociatesAccountedForUsingEquityMethod">Investments in associates accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:title="Label : InvestmentsInAssociatesAccountedForUsingEquityMethod to label_InvestmentsInAssociatesAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:label="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:title="InvestmentsInJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xml:lang="en" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod">Investments in joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssets" xlink:label="CurrentTaxAssets" xlink:title="CurrentTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssets" xml:lang="en" id="label_CurrentTaxAssets">Current tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssets" xlink:to="label_CurrentTaxAssets" xlink:title="Label : CurrentTaxAssets to label_CurrentTaxAssets" />
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    <link:label xlink:type="resource" xlink:label="label_OtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentAssets" xml:lang="en" id="label_OtherCurrentAssets">Other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentAssets" xlink:to="label_OtherCurrentAssets" xlink:title="Label : OtherCurrentAssets to label_OtherCurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="OtherCurrentReceivables" xlink:title="OtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentReceivables" xml:lang="en" id="label_OtherCurrentReceivables">Other current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentReceivables" xlink:to="label_OtherCurrentReceivables" xlink:title="Label : OtherCurrentReceivables to label_OtherCurrentReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentPayables" xlink:label="NoncurrentPayables" xlink:title="NoncurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPayables" xml:lang="en" id="label_NoncurrentPayables">Trade and other non-current payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPayables" xlink:to="label_NoncurrentPayables" xlink:title="Label : NoncurrentPayables to label_NoncurrentPayables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBorrowings" xml:lang="en" id="label_LongtermBorrowings">Non-current portion of non-current borrowings</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Current borrowings and current portion of non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:title="CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxLiabilitiesCurrent" xml:lang="en" id="label_CurrentTaxLiabilitiesCurrent">Current tax liabilities, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en" id="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="Label : AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:label="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:title="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:to="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:title="Label : AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables to label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:label="AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:title="AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xml:lang="en" id="label_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets">Adjustments for decrease (increase) in other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:to="label_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:title="Label : AdjustmentsForDecreaseIncreaseInOtherCurrentAssets to label_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:label="AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:title="AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xml:lang="en" id="label_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities">Adjustments for increase (decrease) in other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:to="label_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:title="Label : AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities to label_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:label="CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:title="CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xml:lang="en" id="label_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings">Cash flows from (used in) increase (decrease) in current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:to="label_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:title="Label : CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings to label_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="IncreaseDecreaseInWorkingCapital" xlink:title="IncreaseDecreaseInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInWorkingCapital" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapital">Increase (decrease) in working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapital" xlink:to="label_IncreaseDecreaseInWorkingCapital" xlink:title="Label : IncreaseDecreaseInWorkingCapital to label_IncreaseDecreaseInWorkingCapital" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xml:lang="en" id="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">Purchase of other long-term assets, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:title="Label : PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities to label_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfInvestmentProperty" xlink:label="PurchaseOfInvestmentProperty" xlink:title="PurchaseOfInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfInvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfInvestmentProperty" xml:lang="en" id="label_PurchaseOfInvestmentProperty">Purchase of investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfInvestmentProperty" xlink:to="label_PurchaseOfInvestmentProperty" xlink:title="Label : PurchaseOfInvestmentProperty to label_PurchaseOfInvestmentProperty" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:label="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:title="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xml:lang="en" id="label_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities">Other inflows (outflows) of cash, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:to="label_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:title="Label : OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities to label_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherGainsLosses" xlink:label="OtherGainsLosses" xlink:title="OtherGainsLosses" />
    <link:label xlink:type="resource" xlink:label="label_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherGainsLosses" xml:lang="en" id="label_OtherGainsLosses">Other gains (losses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGainsLosses" xlink:to="label_OtherGainsLosses" xlink:title="Label : OtherGainsLosses to label_OtherGainsLosses" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:title="GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xml:lang="en" id="label_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss">Gains (losses) on financial liabilities at fair value through profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="label_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:title="Label : GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss to label_GainsLossesOnFinancialLiabilitiesAtFairValueThroughProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_DisclosureOfNetRentalIncomeExplanatory" xlink:label="DisclosureOfNetRentalIncomeExplanatory" xlink:title="DisclosureOfNetRentalIncomeExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNetRentalIncomeExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNetRentalIncomeExplanatory" xml:lang="en" id="label_DisclosureOfNetRentalIncomeExplanatory">Disclosure of Net Rental Income [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNetRentalIncomeExplanatory" xlink:to="label_DisclosureOfNetRentalIncomeExplanatory" xlink:title="Label : DisclosureOfNetRentalIncomeExplanatory to label_DisclosureOfNetRentalIncomeExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNetRentalIncomeExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfNetRentalIncomeExplanatory_1" xml:lang="en" id="label_DisclosureOfNetRentalIncomeExplanatory_1">The entire disclosure of net rental income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNetRentalIncomeExplanatory" xlink:to="label_DisclosureOfNetRentalIncomeExplanatory_1" xlink:title="Label : DisclosureOfNetRentalIncomeExplanatory to label_DisclosureOfNetRentalIncomeExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNetRentalIncomeExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNetRentalIncomeExplanatory_2" xml:lang="en" id="label_DisclosureOfNetRentalIncomeExplanatory_2">Net rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNetRentalIncomeExplanatory" xlink:to="label_DisclosureOfNetRentalIncomeExplanatory_2" xlink:title="Label : DisclosureOfNetRentalIncomeExplanatory to label_DisclosureOfNetRentalIncomeExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_DisclosureOfPropertyResultExplanatory" xlink:label="DisclosureOfPropertyResultExplanatory" xlink:title="DisclosureOfPropertyResultExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyResultExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyResultExplanatory" xml:lang="en" id="label_DisclosureOfPropertyResultExplanatory">Disclosure of Property Result [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyResultExplanatory" xlink:to="label_DisclosureOfPropertyResultExplanatory" xlink:title="Label : DisclosureOfPropertyResultExplanatory to label_DisclosureOfPropertyResultExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyResultExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPropertyResultExplanatory_1" xml:lang="en" id="label_DisclosureOfPropertyResultExplanatory_1">Property result</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyResultExplanatory" xlink:to="label_DisclosureOfPropertyResultExplanatory_1" xlink:title="Label : DisclosureOfPropertyResultExplanatory to label_DisclosureOfPropertyResultExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyResultExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPropertyResultExplanatory_2" xml:lang="en" id="label_DisclosureOfPropertyResultExplanatory_2">The entire disclosure of property result.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyResultExplanatory" xlink:to="label_DisclosureOfPropertyResultExplanatory_2" xlink:title="Label : DisclosureOfPropertyResultExplanatory to label_DisclosureOfPropertyResultExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="529900DTKNXL0AXQFN28-2021-12-31.xsd#aed_DisclosureOfPropertyOperatingResultExplanatory" xlink:label="DisclosureOfPropertyOperatingResultExplanatory" xlink:title="DisclosureOfPropertyOperatingResultExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyOperatingResultExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyOperatingResultExplanatory" xml:lang="en" id="label_DisclosureOfPropertyOperatingResultExplanatory">Disclosure of Property Operating Result [Explanatory]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyOperatingResultExplanatory" xlink:to="label_DisclosureOfPropertyOperatingResultExplanatory" xlink:title="Label : DisclosureOfPropertyOperatingResultExplanatory to label_DisclosureOfPropertyOperatingResultExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyOperatingResultExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfPropertyOperatingResultExplanatory_1" xml:lang="en" id="label_DisclosureOfPropertyOperatingResultExplanatory_1">The entire disclosure of property operating result.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyOperatingResultExplanatory" xlink:to="label_DisclosureOfPropertyOperatingResultExplanatory_1" xlink:title="Label : DisclosureOfPropertyOperatingResultExplanatory to label_DisclosureOfPropertyOperatingResultExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyOperatingResultExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPropertyOperatingResultExplanatory_2" xml:lang="en" id="label_DisclosureOfPropertyOperatingResultExplanatory_2">Property operating result</link:label>
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