Company Insights Aldar Properties Construction Aldar Properties News Real Estate Aldar garners $272m from sale of phase one of sustainable city Abu Dhabi-listed Aldar Properties (Aldar) and Diamond Developers, the developers of The Sustainable City – Yas Island, sold out the project’s first phase in a day, generating sales of over AED 1 billion ($272.25 million). A total of 512 homes were sold in the first phase, with 76 percent of the units purchased by expatriates, […] January 23, 2023 Real Estate Aldar to begin work on Yas Island sustainable city in Q2 2023 Construction of The Sustainable City – Yas Island will commence in Q2 2023, with the first handover of units expected in Q4 2025, according to a statement issued by Abu Dhabi-listed Aldar Properties. Announced in January 2022 during Abu Dhabi Sustainability Week, the project is a joint development with Dubai-based Diamond Developers. The Sustainably City […] January 8, 2023 Analysis Tourism Ras Al Khaimah tourism to take off as global investors see promise Ras Al Khaimah (RAK) is learning lessons from the tourism success story of Dubai and financiers are closely watching the market and are keen to support it, according to a senior banker. “I fully expect the growth in Ras Al Khaimah to explode in the coming years,” said Cyril Lincoln, executive vice president, global head […] December 29, 2022 Real Estate Aldar and Mubadala jointly buy Al Maryah Tower for $123m Aldar Properties and Mubadala Investment Company, an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property on Al Maryah Island, for AED 450 million ($122.51 million), state-owned WAM news agency reported. The transaction gives Aldar control of all Grade A office space at Abu Dhabi Global […] December 15, 2022 Real Estate Aldar brings Nobu Hospitality brand to Abu Dhabi island Abu Dhabi’s Aldar Properties has partnered with US-based luxury lifestyle brand Nobu Hospitality to launch a new luxury hotel, branded residences, and a fine dining experience at Mamsha Al Saadiyat, the developer said in a statement. The agreement will see Aldar develop a five-star hotel featuring 165 luxurious rooms and suites, including the rooftop Nobu […] November 29, 2022 Real Estate UAE developer adds residences to RAK tourism sector Abu Dhabi’s Aldar Properties has acquired prime beachfront land on Al Marjan Island in Ras Al Khaimah (RAK) to build its first residential development in the northern emirate. Set to launch in 2023, the development will include 2,000 branded and premium homes on a plot of over 40,000 square metres, plus retail spaces and a […] November 22, 2022 Exclusive Retail Saudi and Egypt offer ideal stage for UAE’s The Entertainer The Entertainer, a Dubai-based tech company that offers thousands of lifestyle product discounts, is focusing on Saudi Arabia and Egypt for expansion as demand rises amid the current cost of living crunch. New CEO Ahmed Gaber, who was previously general manager of Visa’s operations in North Africa where he was responsible for developing the digital […] November 7, 2022 Aldar Properties acquires security services provider for $34m Abu Dhabi-listed Aldar Properties has acquired Spark Security Services, a UAE-based security services provider, for AED 125 million ($34.03 million). The all-cash transaction strengthens the UAE developer’s property and integrated facilities management platform, WAM, the UAE state news agency, reported. These security services will add significant value to Aldar’s AED 23 billion ($6.3 billion) portfolio […] September 4, 2022 Sustainability UAE rallies private sector to realise 2050 net-zero pledge The UAE has launched its first ‘Climate-Responsible Companies Pledge,’ in a bid to boost the private sector’s role in helping the country achieve its target of net zero carbon emissions by 2050 – dubbed the Net Zero 2050 Strategic Initiative. More than 21 UAE-based companies have so far signed up to the pledge, unveiled by […] September 1, 2022 Construction Aldar to start work on $313m new housing project in Q1 2023 Abu Dhabi-listed Aldar Properties has launched Yas Park Gate, its latest gated community, next to Yas Park, Abu Dhabi. The AED 1.15 billion ($313 million) residential development, which is part of the second phase of North Yas, will house 508 new homes over 255,000 square metres. Construction of Yas Park Gate is due to begin […] August 25, 2022 Posts navigation Previous 1 … 7 8 9 Next
Real Estate Aldar garners $272m from sale of phase one of sustainable city Abu Dhabi-listed Aldar Properties (Aldar) and Diamond Developers, the developers of The Sustainable City – Yas Island, sold out the project’s first phase in a day, generating sales of over AED 1 billion ($272.25 million). A total of 512 homes were sold in the first phase, with 76 percent of the units purchased by expatriates, […] January 23, 2023
Real Estate Aldar to begin work on Yas Island sustainable city in Q2 2023 Construction of The Sustainable City – Yas Island will commence in Q2 2023, with the first handover of units expected in Q4 2025, according to a statement issued by Abu Dhabi-listed Aldar Properties. Announced in January 2022 during Abu Dhabi Sustainability Week, the project is a joint development with Dubai-based Diamond Developers. The Sustainably City […] January 8, 2023
Analysis Tourism Ras Al Khaimah tourism to take off as global investors see promise Ras Al Khaimah (RAK) is learning lessons from the tourism success story of Dubai and financiers are closely watching the market and are keen to support it, according to a senior banker. “I fully expect the growth in Ras Al Khaimah to explode in the coming years,” said Cyril Lincoln, executive vice president, global head […] December 29, 2022
Real Estate Aldar and Mubadala jointly buy Al Maryah Tower for $123m Aldar Properties and Mubadala Investment Company, an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property on Al Maryah Island, for AED 450 million ($122.51 million), state-owned WAM news agency reported. The transaction gives Aldar control of all Grade A office space at Abu Dhabi Global […] December 15, 2022
Real Estate Aldar brings Nobu Hospitality brand to Abu Dhabi island Abu Dhabi’s Aldar Properties has partnered with US-based luxury lifestyle brand Nobu Hospitality to launch a new luxury hotel, branded residences, and a fine dining experience at Mamsha Al Saadiyat, the developer said in a statement. The agreement will see Aldar develop a five-star hotel featuring 165 luxurious rooms and suites, including the rooftop Nobu […] November 29, 2022
Real Estate UAE developer adds residences to RAK tourism sector Abu Dhabi’s Aldar Properties has acquired prime beachfront land on Al Marjan Island in Ras Al Khaimah (RAK) to build its first residential development in the northern emirate. Set to launch in 2023, the development will include 2,000 branded and premium homes on a plot of over 40,000 square metres, plus retail spaces and a […] November 22, 2022
Exclusive Retail Saudi and Egypt offer ideal stage for UAE’s The Entertainer The Entertainer, a Dubai-based tech company that offers thousands of lifestyle product discounts, is focusing on Saudi Arabia and Egypt for expansion as demand rises amid the current cost of living crunch. New CEO Ahmed Gaber, who was previously general manager of Visa’s operations in North Africa where he was responsible for developing the digital […] November 7, 2022
Aldar Properties acquires security services provider for $34m Abu Dhabi-listed Aldar Properties has acquired Spark Security Services, a UAE-based security services provider, for AED 125 million ($34.03 million). The all-cash transaction strengthens the UAE developer’s property and integrated facilities management platform, WAM, the UAE state news agency, reported. These security services will add significant value to Aldar’s AED 23 billion ($6.3 billion) portfolio […] September 4, 2022
Sustainability UAE rallies private sector to realise 2050 net-zero pledge The UAE has launched its first ‘Climate-Responsible Companies Pledge,’ in a bid to boost the private sector’s role in helping the country achieve its target of net zero carbon emissions by 2050 – dubbed the Net Zero 2050 Strategic Initiative. More than 21 UAE-based companies have so far signed up to the pledge, unveiled by […] September 1, 2022
Construction Aldar to start work on $313m new housing project in Q1 2023 Abu Dhabi-listed Aldar Properties has launched Yas Park Gate, its latest gated community, next to Yas Park, Abu Dhabi. The AED 1.15 billion ($313 million) residential development, which is part of the second phase of North Yas, will house 508 new homes over 255,000 square metres. Construction of Yas Park Gate is due to begin […] August 25, 2022
