Aldar has reported a 62 percent rise in net profit on a year-on-year basis to AED841 million ($227 million) for the second quarter of 2022, and a 44 percent increase to AED1.53 billion for the first half of the year.
The Abu Dhabi developer said revenue in Q2 grew 22 percent to AED2.67 billion, while the […]
Talal Al Dhiyebi
Aldar to buy four commercial towers from Mubadala in $1.17 billion deal
The move follows Aldar’s earlier acquisitions of retail and hospitality assets in Ras Al Khaimah, as well as logistics and hospitality assets in Abu Dhabi
Abu Dhabi’s Aldar reports 27 percent net profit growth in Q1 2022 following Egyptian acquisition
Property developer’s first-quarter group sales stood at $598.9m, driven by continued momentum in the capital’s real estate market
Abu Dhabi’s Aldar acquires $1 billion worth of prime land on Saadiyat Island that will be home to 15,000 people
The land will be used to develop an integrated community that will include 2,700 units, most of which are villas, with an estimated Gross Development Value of $4.08 billion
Aldar, Apollo ink deal to create $1.4bn investment for growth plan
Commitment will see Apollo-managed funds and clients invest a total of $1.4bn to drive Aldar’s growth
Aldar announces plan to invest extra $272m in education arm
Aldar Education says new investment aims to expand its offering to widen choice for students in Abu Dhabi
Abu Dhabi’s Aldar says Q1 net profit jumps 80% to $148m
Real estate giant cites strong increase in property development sales and a ramp-up of the project management business for profit boost
Abu Dhabi’s Aldar reveals big shake-up to drive ‘next phase of growth’
UAE’s largest developer says it is adopting a new operating model to focus on digital transformation and sustainability
Video: Aldar CEO sees pent-up demand for Abu Dhabi properties
Talal Al Dhiyebi, chief executive officer at Aldar Properties PJSC, discusses the demand he’s seeing heading into the end of the year, the impact of coronavirus on his business and where he’s seeing growth.
Aldar launches its first residential community on Saadiyat Island
Work due to begin on $196.5m Saadiyat Reserve community in Q1 2020, with handover scheduled for mid-2022
Abu Dhabi’s Aldar eyes expansion in Saudi Arabia, Egypt
CEO Talal Al Dhiyebi says Aldar sees ‘interesting opportunities’ in Saudi Arabia and describes Egyptian market as ‘attractive’
Abu Dhabi’s Aldar Properties Q2 profit up 7%, boosted by upswing in sentiment
Aldar Properties said government initiatives have spurred economic growth and are having a positive multiplier effect on the wider Abu Dhabi economy
Aldar awards $810m contracts for new Abu Dhabi projects
CEO Talal Al Dhiyebi says projects will benefit the Abu Dhabi economy by driving capital into the construction sector
Aldar launches rent to own scheme for Yas Island residential project
West Yas scheme allows tenants to build up their home equity over a five-year period while paying AED220,000 in annual rent
Aldar launches new $460m residential project for UAE nationals
Launch of Alreeman II follows success of phase 1 which generated AED1.6bn in home sales
Abu Dhabi’s Aldar says home sales up 49% to $272m in Q1
Aldar Properties has reported a 20% year-on-year increase in revenue to AED1.76 billion in the first quarter of 2019
Aldar sells out new Yas Island project with $108m deals
Offering land plots starting at AED990,000 and available for purchase by all nationalities, Lea features 238 residential plots