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Aldar Properties

Construction

Aldar Properties Overview

Aldar Properties is a real estate development company owned by the Abu Dhabi government and set up in January 2004.

Aldar’s shares were listed in 2005 on the Abu Dhabi Securities Exchange. Mubadala, the UAE sovereign wealth fund is the largest shareholder.

In 2013 the company merged with Sorouh Real Estate and the entity now operates under the Aldar name.

Aldar projects within Abu Dhabi include Al Raha Beach, Al Raha Gardens, the Abu Dhabi Central Market and Al Mamoura, as well as Yas Island, where it is based.

Within the UAE Aldar has worked on strategic partnerships with companies including Dubai property developer Emaar and Dubai Holding. Then in September 2024 Aldar joined forces with Mubadala to develop and manage more than AED30 billion ($8 billion) worth of real estate across Abu Dhabi.

As well as growing its its UAE projects and portfolio, Aldar is working on an international expansion drive in order to double its market cap.

The company’s strategy hinges on acquiring or partnering with developers and other investors in markets such as the UK and Europe, and creating specialised vehicles, including in the fast-growing private credit space.

This has included partnering with US investment firm Carlyle to invest AED407 million in logistics and storage assets in Europe. Then in 2023 Aldar bought the British developer London Square in a deal worth over AED1 billion – its first acquisition outside the Middle East and North Africa.

Aldar Properties News

Tabreed's possible bid comes after it was awarded the concession last year to provide district cooling to Dubai's Palm Jebel Ali

Tabreed explores buying Multiply’s cooling business

National Central Cooling Company, also known as Tabreed, is exploring a bid for Multiply Group’s district cooling business that could be worth at least $1 billion, two sources with knowledge of the matter told Reuters. Dubai-listed Tabreed is working with Citi on the potential offer for Multiply’s PAL Cooling Holding (PCH), said the two sources. […]

Boat, Transportation, Vehicle

Aldar’s green sukuk seven times oversubscribed

Aldar Properties said the $500 million sukuk (Islamic bond) issued by its subsidiary was oversubscribed more than seven times. The sukuk order book of Aldar Investment Properties reached $3.6 billion, with regional and global investors making up 61 percent and 39 percent of the requests, the developer said in a statement. Sukuk are sharia-compliant bonds […]

A rendering of Aldar's The Arthouse, a residential development in Abu Dhabi's Saadiyat Cultural District

Aldar’s 2024 profit nears $2bn as new projects lift revenues

Aldar Properties shares rose on Monday after Abu Dhabi’s largest developer reported net profit for 2024 had surged 47 percent year on year to AED6.5 billion ($1.8 billion), driven by strong demand for new launches and existing inventory. Revenue jumped 60 percent year on year to AED23 billion as 12 projects were launched last year, […]

Monitoring air pollution in Dubai. The UAE is seeking to quantify and reduce its impact on the climate

UAE companies have mixed success in cutting emissions

While many of the UAE’s major corporations are making limited progress in cutting greenhouse gas emissions, analysis by AGBI reveals that Emsteel (formerly known as Emirates Steel Arkan) is the standout performer. The UAE, the second-largest Arab economy, is seeking to quantify and reduce its impact on the climate, and in November pledged to slash its scope 1 […]

The Haven residential community developed in Dubai by Aldar-Dubai Holding joint venture

Aldar secures $2.5bn credit facility to support growth

Aldar Properties, Abu Dhabi’s largest developer, has raised AED9 billion ($2.5 billion), taking its overall liquidity to AED27 billion to back its ongoing growth initiatives. The sustainability-linked multi-tranche revolving credit facility attracted orders from 15 global and regional financial institutions. The facility, which has a five-year tenor and incorporates conventional and Islamic tranches across AED […]

Aldar headquarters in Abu Dhabi. The $1 billion hybrid capital issuance was oversubscribed by 3.8 times

Order book for Aldar hybrid notes hits nearly $5bn

Aldar Properties, which trades on the Abu Dhabi Securities Exchange (ADX), said the order book for its inaugural $1 billion hybrid capital issuance exceeded $4.9 billion from global institutional investors. The issuance, oversubscribed by 3.8 times, will provide the developer with financial stability and resilience. The proceeds will support the transformational growth plan and strategic […]

Expo City

Expo City races to cope with Dubai’s population surge

Expo City Dubai, the legacy site of the World Expo 2020, is gearing up for a big construction drive in 2025, with plans to issue tenders for residential, commercial and infrastructure projects to meet rapid population growth, a senior official has said. Ahmed Al Khatib, chief development and delivery officer at Expo City Dubai, told […]

City, Architecture, Building

Aldar acquires unfinished commercial tower in DIFC

Abu Dhabi’s largest developer, Aldar Properties, has acquired an unfinished commercial tower in the Dubai International Financial Centre (DIFC) for AED2.3 billion ($626 million), as it continues its expansion into its neighbouring emirate.  The tower, bought from H&H Development, has 40 floors of commercial and retail space and is due for completion in 2028.  It is […]

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 […]