Company Insights Aldar Properties Construction Aldar Properties News Construction Aldar unveils $136m plan to revamp UAE shopping malls Aldar Properties announced an AED500 million ($136 million) investment plan on Tuesday to redevelop two of its key retail portfolio assets in the UAE – Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED1 billion, the Abu […] July 25, 2023 Real Estate Foreign investment up 363% in Abu Dhabi real estate Abu Dhabi real estate encountered a record 363 percent rise in purchases by foreign buyers in the first half of 2023, according to new data. Foreign purchasers spent AED834.6 million ($227.2 million), Abu Dhabi’s Department of Municipalities and Transport (DMT) reported. The DMT figures showed that the most popular location among overseas investors was Saadiyat […] July 20, 2023 Real Estate Merger will create GCC property management giant Plans have been announced to merge Abu Dhabi’s Aldar Estates and Eltizam Asset Management Group, creating the GCC’s largest property and facilities management company. Aldar Properties will hold a majority stake with the remaining shareholding held equally between International Holding Company and Adnec Group, Eltizam’s joint owners. According to a statement the merger will see […] July 4, 2023 Banking & Finance Aldar buys landscaping firm Basatin for $41m Abu Dhabi-listed Aldar Properties has acquired Basatin Landscaping (Basatin) for AED150 million ($40.84 million) to expand Aldar Estates, its property and facilities management platform. The developer will hold a majority stake of 75 percent in Basatin, with the remaining 25 percent owned by a strategic partner. Basatin provides various landscaping services, including design, installation, paving, gardening […] May 30, 2023 Banking & Finance $500m Aldar green bond ‘four times oversubscribed’ Aldar Investment Properties – a subsidiary of Abu Dhabi’s biggest real estate developer Aldar Properties – has launched a $500 million 10-year green debut Islamic bond, it said in a stock market filing on Thursday. The issuance marks Aldar Properties’ first return to international capital markets since 2019, when it launched its debut 10-year sukuk, […] May 18, 2023 Real Estate Saudi next on radar as Aldar builds on Mena expansion Real estate developer Aldar Properties is scouting for development and joint venture opportunities in Saudi Arabia to help it expand in the region. Based in the UAE, Aldar has projects in Egypt in addition to its core operations in Abu Dhabi and, more recently, Dubai and Ras Al Khaimah, following announcements in the past six […] May 3, 2023 Exclusive Real Estate ‘Pivotal’ year for Ras Al Khaimah, says property chief RAK Properties, the Abu Dhabi-listed company developing much of the emirate of Ras Al Khaimah, is seeking to capitalise on rising demand for local real estate. It is in talks with several UAE developers and landowners to form joint ventures, according to chief executive Sameh Al Muhtadi. He declined to reveal names of prospective partners, […] May 2, 2023 Construction Abu Dhabi financial free zone set for office space boost Abu Dhabi’s Aldar Properties and Mubadala Investment Company have struck a deal to develop 63,000 square metres of commercial space within Abu Dhabi Global Market (ADGM), and are eyeing plots of land to further increase the free zone’s prime office supply. ADGM is Abu Dhabi’s financial free zone, located on Al Maryah Island in the […] March 30, 2023 Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023 Tourism Investors circle to buy trophy Emirates hotel assets The UAE’s relatively quiet hotel investment landscape will pick up this year as foreign buyers join local investors in competing for a slice of the resurgent, post-pandemic hospitality sector. “The region is registering such high levels of occupancy at the moment that there is a lot of international money ready to invest in hotel assets,” […] February 15, 2023 Posts navigation Previous 1 … 6 7 8 9 Next
Construction Aldar unveils $136m plan to revamp UAE shopping malls Aldar Properties announced an AED500 million ($136 million) investment plan on Tuesday to redevelop two of its key retail portfolio assets in the UAE – Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED1 billion, the Abu […] July 25, 2023
Real Estate Foreign investment up 363% in Abu Dhabi real estate Abu Dhabi real estate encountered a record 363 percent rise in purchases by foreign buyers in the first half of 2023, according to new data. Foreign purchasers spent AED834.6 million ($227.2 million), Abu Dhabi’s Department of Municipalities and Transport (DMT) reported. The DMT figures showed that the most popular location among overseas investors was Saadiyat […] July 20, 2023
Real Estate Merger will create GCC property management giant Plans have been announced to merge Abu Dhabi’s Aldar Estates and Eltizam Asset Management Group, creating the GCC’s largest property and facilities management company. Aldar Properties will hold a majority stake with the remaining shareholding held equally between International Holding Company and Adnec Group, Eltizam’s joint owners. According to a statement the merger will see […] July 4, 2023
Banking & Finance Aldar buys landscaping firm Basatin for $41m Abu Dhabi-listed Aldar Properties has acquired Basatin Landscaping (Basatin) for AED150 million ($40.84 million) to expand Aldar Estates, its property and facilities management platform. The developer will hold a majority stake of 75 percent in Basatin, with the remaining 25 percent owned by a strategic partner. Basatin provides various landscaping services, including design, installation, paving, gardening […] May 30, 2023
Banking & Finance $500m Aldar green bond ‘four times oversubscribed’ Aldar Investment Properties – a subsidiary of Abu Dhabi’s biggest real estate developer Aldar Properties – has launched a $500 million 10-year green debut Islamic bond, it said in a stock market filing on Thursday. The issuance marks Aldar Properties’ first return to international capital markets since 2019, when it launched its debut 10-year sukuk, […] May 18, 2023
Real Estate Saudi next on radar as Aldar builds on Mena expansion Real estate developer Aldar Properties is scouting for development and joint venture opportunities in Saudi Arabia to help it expand in the region. Based in the UAE, Aldar has projects in Egypt in addition to its core operations in Abu Dhabi and, more recently, Dubai and Ras Al Khaimah, following announcements in the past six […] May 3, 2023
Exclusive Real Estate ‘Pivotal’ year for Ras Al Khaimah, says property chief RAK Properties, the Abu Dhabi-listed company developing much of the emirate of Ras Al Khaimah, is seeking to capitalise on rising demand for local real estate. It is in talks with several UAE developers and landowners to form joint ventures, according to chief executive Sameh Al Muhtadi. He declined to reveal names of prospective partners, […] May 2, 2023
Construction Abu Dhabi financial free zone set for office space boost Abu Dhabi’s Aldar Properties and Mubadala Investment Company have struck a deal to develop 63,000 square metres of commercial space within Abu Dhabi Global Market (ADGM), and are eyeing plots of land to further increase the free zone’s prime office supply. ADGM is Abu Dhabi’s financial free zone, located on Al Maryah Island in the […] March 30, 2023
Markets Profits of 123 Emirates-listed companies at $52bn in 2022 The net earnings of 123 UAE-listed companies reached AED191 billion ($52 billion) in 2022, indicating their strong financial position and healthy revenue growth. The net profits of listed firms increased by 60 percent, or AED72 billion, last year, according to a state-owned Emirates News Agency (WAM) report. Out of the total earnings, nearly 77 companies […] February 20, 2023
Tourism Investors circle to buy trophy Emirates hotel assets The UAE’s relatively quiet hotel investment landscape will pick up this year as foreign buyers join local investors in competing for a slice of the resurgent, post-pandemic hospitality sector. “The region is registering such high levels of occupancy at the moment that there is a lot of international money ready to invest in hotel assets,” […] February 15, 2023
