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Aldar Properties News

Growth in IHC's real estate and construction segment was driven by an increase in Aldar’s revenue from strong property development sales

Real-estate growth pushes IHC revenue up by 49%

Abu Dhabi conglomerate International Holding Company (IHC) said revenue surged 49 percent year on year for the first nine months of 2024 to AED64 billion ($17.4 billion), supported by the real estate and construction segment. The segment’s growth was driven by an increase in Aldar’s revenue from strong property development sales, higher income from acquisitions […]

Church Street in Twickenham. Aldar is building homes in the affluent district of southwest London

Aldar Properties reports ‘strong pickup’ for London projects

Aldar Properties remains bullish about London’s property market despite high interest rates and fears that tax rises will be announced in the UK budget on Wednesday. The government-owned Abu Dhabi company bought British developer London Square in a deal worth AED1.07 billion ($291 million) last year – its first acquisition outside the Middle East and […]

An inspector scanning box with goods in storage

UAE warehousing attracts new institutional investors

A lack of suitable warehousing across Dubai and Abu Dhabi is providing opportunity for institutional investors to get into industrial real estate. Non-industrial developers are also poised to take advantage of the gap. Strong demand for facilities in ecommerce and logistics, and the expansion of oil and gas companies in Abu Dhabi in particular, has led […]

The Mubadala and Aldar tie-up will include a retail platform to oversee properties such as Yas Mall

Mubadala and Aldar reveal $8bn property collaboration

Abu Dhabi’s sovereign wealth fund Mubadala and its largest property developer, Aldar, have joined forces to develop and manage more than AED30 billion ($8.17 billion) worth of real estate across the emirate. The partnership, announced Wednesday, will be structured through four joint ventures. It will be owned 60 percent by Aldar and 40 percent by Mubadala, […]

Lionel Messi poses for a photo at Dubai Expo 2020. He and his Argentina teammates will soon be appearing on 'giant billboard on Sheikh Zayed Road' to advertise property

Project stardust: why Dubai developers still want celeb tie-ins

Lionel Messi, Rohit Sharma and Chris Hemsworth are just some of the famous faces who have promoted UAE real estate in recent years. Superstar sportsmen and Hollywood heroes do not come cheap, but are they really a good investment for developers or just an excuse for the CEO to get a selfie?  Many industry observers […]

Emaar Properties and Emaar Development took a hit in Monday’s trading, but ended Tuesday in the green

UAE real estate companies rebound after market turmoil

Real estate companies bore the brunt of Monday’s stock sell-off in the GCC, although prices showed significant signs of recovery on Tuesday. Dubai Financial Market closed on Monday down 4.5 percent, while Saudi Arabia’s Tadawul exchange was down 2.1 percent. Kuwait’s bourse was showing a negative of 2.13 percent on a day when $6.4 trillion […]

The Sheikh Zayed Road in Dubai. Aldar recently announced it would develop its first commercial building between the road and the DIFC

Aldar reports strong half-year performance

Strong interest from international buyers, an increasingly tight office sector and a record development backlog at the end of June helped Aldar Properties to double-digit profit and revenue growth for the first half of 2024.  Profit rose 57 percent year on year to AED3.3 billion, while revenue surged 73 percent to almost AED11 billion, the […]

More than 330 businesses are expected to operate from DP World's National Industries Park, which is set to open in Q4 2025

Aldar’s new Dubai logistics park to break ground in Q4

Aldar Properties, an Abu Dhabi-listed developer, will break ground on a new logistics park within DP World’s 21-sq km National Industries Park (NIP) in Dubai in the fourth quarter of 2024. The 1.55 million sq ft grade-A logistics park will cater to the emirate’s high demand for warehousing facilities. It will comprise three modular buildings […]

Dubai's ambitions to become a centre for food trade come at a time when warehouses in the emirate are in high demand

Dubai veg market to double despite warehouse shortage

Dubai plans a massive expansion of its fruit and vegetable market to make it the world’s largest, despite the fact warehouse rents in the emirate keep increasing amid a lack of quality supply. On Wednesday Sheikh Mohammed bin Rashid Al Maktoum oversaw the signing of a deal between Dubai Municipality and ports operator DP World […]