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Haven is the first of three new residential communities to be developed in Dubai as part of a joint venture between Aldar and Dubai Holding

Aldar to break ground on first Dubai project next year

Aldar Properties, Abu Dhabi’s largest developer, has launched its first Dubai residential project, Haven, with construction of the first phase starting in the second quarter of 2024. The project will be developed with its joint venture partner Dubai Holding on the land opposite Al Habtoor Polo Resort in Dubailand. Aldar’s Haven will be built in […]

Developer Aldar says occupancy rates at the towers at ADGM in Abu Dhabi have reached 99%

Aldar says occupancy in its prime office space at 97%

Aldar Properties, the largest developer in Abu Dhabi, said occupancy levels in prime grade A commercial properties have reached 97 percent on rising demand and limited supply. The properties include four buildings at Abu Dhabi Global Market (ADGM), Aldar HQ, and International Tower in the Capital Gate district. Occupancy rates at the towers at ADGM, […]

Mena youth climate anxiety

Climate anxiety rises among Mena youth

More than two-thirds of 18-to-24-year-olds in the Middle East and North Africa (Mena) say they are “very concerned” about the potential impacts of climate change. More than half are ready to boycott brands that damage the environment, a survey shows.  Previously unreleased findings from the 15th annual Asda’a BCW Arab Youth Survey, published earlier this […]

Aldar Nikki Beach

Aldar pairs up with Nikki Beach for RAK residences

Aldar Properties is partnering with resort group Nikki Beach Global to develop three branded residential buildings in Ras Al Khaimah as part of a larger beachfront community on Al Marjan Island. Sales for the Abu Dhabi developer’s inaugural residential development in Ras Al Khaimah – named Nikki Beach Residences – are expected to launch later […]

The deal will see Aldar Estates manage FAB Properties' 22,000 residential units across 600 properties in the UAE

Aldar subsidiary buys FAB’s property management unit

Aldar Estates, the property and facilities management arm of Aldar Properties, has acquired FAB Properties, the property management services unit of First Abu Dhabi Bank (FAB). The deal will see the Abu Dhabi-listed developer’s subsidiary manage 22,000 residential units across 600 properties in the UAE. The acquisition of FAB Properties follows the merger of Eltizam […]

Aldar-owned Sodic to launch Nobu brand in Egypt

The Egyptian real estate subsidiary of Abu Dhabi’s Aldar Properties is set to launch two hotel projects that will include branded Nobu residences and restaurants. Sodic and the US-based luxury lifestyle brand have agreed to develop the projects in West Cairo and North Coast. “The expansion of Sodic’s luxury property development portfolio underscores the demand […]

The sale of 210 residential units in the first phase of Gardenia Bay on Yas Island will start from September 8

Aldar to begin work on new Yas Island project next year

Aldar Properties is expected to start construction on the first phase of Gardenia Bay on Yas Island at the start of 2024. The waterfront community is opposite Yas Park and close to attractions such as SeaWorld, Ferrari World and Yas Mall, the developer said in a statement on Abu Dhabi Securities Exchange. The project value […]

High demand for residential units is pushing up building costs in the UAE

UAE’s construction activity rises despite cost hikes

Construction activity in the UAE rose by almost 50 percent in the second quarter of 2023, despite higher raw material costs.  The increase in workload was driven by the country’s residential sector (up 55 percent). Commercial and infrastructure were also buoyant, with activity up 35 percent and 44 percent respectively, according to the Royal Institution […]

Aldar's Faisal Falaknaz said overseas buyers were becoming homeowners in Abu Dhabi

Aldar targets China as sales to overseas buyers balloon

Aldar Properties is working to attract more Chinese customers as it reports a fourfold increase in sales to overseas and expat buyers for the first half of the year. “One interesting demographic we are starting to see is the Chinese,” said Faisal Falaknaz, group chief financial and sustainability officer at the Abu Dhabi developer. “It […]

Sahar Cooper, CEO of Aldar Education

Aldar Education expands into Bahrain and Dubai

Aldar Properties has increased investment in its education business, with over AED350 million ($95 million) added to the initial AED1 billion commitment announced last year, it said on Monday.  A filing to the Abu Dhabi Stock Exchange notes that the company is expanding into Dubai and Bahrain, as well as adding a new acquisition in […]