ArabianBusiness.com - Middle East Business News
Tuesday, 02 December 2008 08:30 UAE time

YOUR DIRECTORY /

ALDAR Properties PJSC

Main Category: Property Management Consultants
First Address : PO Box 51133
City : Abu Dhabi
Country : United Arab Emirates
Phone: 971 2 6964444
Fax: 971 2 6417501
Email: info@aldar.com
Website: www.aldar.com


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ALL STORIES LIST


Gov't backing to help Aldar, Sorouh weather storm

Citigroup says Abu Dhabi able to finance, and ultimately buy, all projects in progress.

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Citiscape bags Yas Island contract

Contractor appointed to work on Formula one project.

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Aldar unveils plan for 700-shop super mall

Project part of Yas Island retail and leisure scheme, slated for 2011 completion.

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Stretching the boundaries

The Middle East is actively involved with Iskandar in Malaysia - but will investors be as forthcoming as the global slowdown intensifies, and how will the wider Medini project affect Singapore?

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JRA signed to deliver central market

British architecture practice John Robertson Architects (JRA) was recently signed by ALDAR as the delivery architects for the Abu Dhabi developer's Central Market masterplanning project.

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Aldar results raise concerns over property market

39% profit fall quarter-on-quarter sign of softening real estate market - Al Mal Capital.

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Bright future

As we’re slowly heading towards winter in the Gulf, two things come to mind. One is that it’s now exceptionally pleasant to be walking around outside in the evenings, as restaurants and cafes start to fill their outdoor terraces.

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Aldar to set up hotel management unit

Abu Dhabi developer's new unit to oversee up to 40 properties it plans to develop, senior exec says.

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Aldar reveals plan to build 14 marinas

Property firm sets up new subsidiary - Aldar Marinas - to build 3,500 berths across Abu Dhabi.

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Standard Chartered, Aldar in mortgage deal

Bank to provide home financing for firm's properties, to be more selective of clients.

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No cut in foreign ownership - Aldar

Abu Dhabi developer says no change in foreign ownership rules planned despite share price volatility.

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Firm aims to build 20 schools for UAE capital

Aldar reveals five-year plan as it opens new state-of-the-art $40mn Abu Dhabi school.

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Aldar clamps down on property 'flipping'

Abu Dhabi's largest developer to place restrictions on the resale of its properties, CEO says.

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Aldar in mortgage deal with Barclays for Al-Raha Beach

Barclays is first foreign bank to offer mortgages in Abu Dhabi through UAE branches.

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Ka$hakhstan

Gulf states are leading the charge into Kazakhstan with its vast and untapped commodity wealth up for grabs.

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Entertainment engine

The global growth of the entertainment industry will be driven by emerging markets such as the Middle East, report PricewaterhouseCoopers' advisory services senior manager Kate Simpson and senior consultant Amit Caspi following their latest study.

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Capital appreciation

Abu Dhabi's property market is hotter than the Gulf's August waters and prices are set to keep soaring.

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Drake & Scull bags $34mn Yas Island deal

Firm to install full mechanical, electrical and plumbing works for Aldar Abu Dhabi resort.

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Aldar, Mubadala partner in healthcare drive

Companies to work together on healthcare projects in UAE, looking at joint venture.

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Skylines for sale

Plummeting property valuations in London's have attracted a surge of investment from the Middle East. 

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Aldar to develop mall in Al Ruwais

Abu Dhabi-based Aldar Properties is set to build a US $136 million (AED500 million) double-storey shopping centre in the industrial city of Al Ruwais.

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Aldar to raise $1bn in sukuk sale

Abu Dhabi developer sets $1bn price tag for Islamic bond sale, as seeks finance for developments.

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More Ferrari parks in pipeline for Aldar

Aldar marketing and media director Ousama Ghannoum has revealed that Aldar could be working with Ferrari on developing more theme parks in the future.

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Aldar to sell debut Islamic bonds

Abu Dhabi developer Aldar Properties could raise up to $1.5bn in Islamic bond sale - bankers.

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Aldar strikes Arkan supply deal

UAE developer announces strategic alliance with building materials firm to link supply chains.

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Aldar eyes Western firms hit by subprime crisis

CITYSCAPE: Developer on lookout for bargains if circumstances are right, CEO says.

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Aldar appoints architect for island

Abu Dhabi-based property developer Aldar has appointed RW Armstrong & Associates as ‘architect of record' for its Coconut Island project in Abu Dhabi.

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Hotel boom

Investors are now committing to major hotel-building projects, including Emaar, Nakheel and Aldar.

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Pole position

Benoy's design for a Yas Island icon blends vehicular and building architecture.

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Al Masaood Bergum targets major deals

Al Masaood Bergum has placed bids for three major labour accommodation projects in Abu Dhabi.

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Aldar to sell $970mn in bonds to Mubadala

Abu Dhabi's largest listed developer announces intention to sell convertible bonds to investment firm.

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Abu Dhabi boom drives profits

Sorouh, Aldar announce triple-digit revenue growth from epicentre of emirate's real estate action.

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Marriott to double Mideast hotel portfolio

Hotel giant to expand regional portfolio of properties from 26 to 65 by 2011, CEO says.

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Abu Dhabi, Jordan seal $5bn venture

Al Maabar to develop port and tourist, residential and commercial buildings in Red Sea city of Aqaba.

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Abu Dhabi bourse plans Asia roadshow

Some of emirate's biggest listed companies to accompany stock market on public relations drive.

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Aldar eyes UK property giants

Abu Dhabi developer looking to gain exposure to more mature markets such as the UK and France.

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Aldar to develop $3bn car trade complex

Abu Dhabi developer to complete Motor World in four years, bring value of portfolio to $70bn.

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Materials shortages prompt new ventures

In light of the surge in prices for raw materials, some companies have begun to set up new batching plants to cash in on continuing demand, while others have formed partnerships with developers to guarantee a steady supply of materials for their projects.

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Aldar in venture to boost concrete supply

Abu Dhabi developer ties up with Readymix Abu Dhabi as supply constraints tighten.

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Markets continue slump ahead of Fed cut

All Gulf states pegged to US dollar see markets drop on concerns US will slash rates.

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High visibility

Fifteen million safe working hours on one site is a huge achievement, Aldar's health and safety leader explains just how it was possible.

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From camp to community

"Respected" and "happy" were just two of the words used by Rakesh Kumar, a tower crane operator for Aldar Laing O'Rourke (ALOR), when he was describing how he felt about life on Yas Island Worker's Community.

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Design of the public realm

Aldar CEO Ronald Barrott talks about the role design of the open space plays in creating a unique development.

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Target practice

The development of its infrastructure, marketing and operational resources will play a vital role in Dubailand reaching its ambitious 15 million visitor target by 2010, according to attractions industry experts.

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The trust in any relationship

While in discussion with a number of contractors over the last few weeks, all alluded to being in talks with other firms about partnering.

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The appliance of science when it comes to alliance

Angela Giuffrida takes a look at the trend of construction companies to form partnerships, and the pros and cons of this approach.

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Aldar looks west

Abu Dhabi's largest developer Aldar has set its eyes on the real estate markets of Europe.

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Labourers praise improved living conditions

Aldar Laing O'Rourke and Compass work together to improve camp conditions.

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Abu Dhabi site reaches safe working milestone

A worksite in Abu Dhabi has completed 15 million working hours without a reportable accident occurring.

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Piling work complete for Al Zeina

Abu Dhabi property developer, Aldar, has completed the piling on its mixed-use Al Zeina project, which it claims is the strategic gateway to the Al Raha Beach Development.

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Ritz-Carlton sets sights on Abu Dhabi

Luxury hotel company Ritz-Carlton has signed a deal with Aldar Properties to launch its first property in Abu Dhabi.

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Welfare estate

Local developers are launching an assault to convince the world that workers' welfare is a top priority.

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Maabar unveils $10bn Tunis plan

UAE developer's 'Town of Flowers' complex will be one of Africa's biggest real estate projects.

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ACC lands record $190mn mall deal

Arabian Construction Company to develop a luxury shopping centre in Abu Dhabi's Central Market.

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Matching the brand to the land

Aldar Hotels and Hospitality managing director Paul Bell explains the company's strategy to match world-class destinations with the best hotel operators to provide a full gamut of services.

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IHG and Aldar Properties join hands

InterContinental Hotels Group has signed a deal for three branded properties in Abu Dhabi, which will be developed by Aldar Properties.

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RICS service charge code

Royal Institute of Chartered Surveyors (RICS) aims to introduce transparency.

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Yas Island ‘Workforce Community’ opened

A new labour camp was opened yesterday by developers Aldar Laing O'Rourke on Yas Island, Abu Dhabi.

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Middle East must tackle skilled staff issue

Recruitment will be a serious challenge for the Middle East hotel industry in 2008, according to a host of industry professionals.

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Property sales power Aldar to record earnings

Abu Dhabi developer see Q4 net income rise to $145mn on property sales, land prices.

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Abu Dhabi inks billion dollar golf deal

Property developer ALDAR signs contract with Zabeel Investments to develop links course on Yas Island.

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Intercon to build three Abu Dhabi hotels

Group to build Crowne Plaza, Staybridge Suites at Yas Island, Intercon at Al Raha Beach.

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ALDAR and Besix join forces

ALDAR Properties has formed oa joint venture management contracting company with construction group Besix.

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Aldar issues 16.4mn extra shares

Shares from convertible bonds UAE real estate developer sold earlier this year, Abu Dhabi bourse says.

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Rotana and ALDAR development deal for four hotels

ALDAR Properties will develop four hotels to be managed by Rotana in a new deal announced last month.

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Young blood

As recruitment pools start to dry up, facilities management Middle East reports on how the industry can entice younger generations into FM.

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Call of the wild

While the countries of Africa are geographically diverse enough to boast a multitude of sellingpoints, many of them share an underdeveloped hotel market. But as Chris Jackson discovers, there are plenty of opportunities for growth and investment just waiting to be capitalized.

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Modulor talks Al Raha

BIG 5: Dubai-based bathroom unit supplier Modulor is under negotiation to supply 19,000 of its pods to Aldar's Al Raha Beach Development in Abu Dhabi.

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Aldar to turn profit abroad by 2009

UAE property developer expects its foreign operations to start making money in two years, CEO says.

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UAE gears up Ferrari theme park

Aldar Properties begins construction on tourist attraction and home to Abu Dhabi F1 Grand Prix circuit.

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Aldar records a 73% increase in revenue

Aldar Properties has reported a net profit of US $138 million (AED 505.5 million) for the third quarter of this year, an increase of 73% compared to the same period in 2006.

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Movenpick bags deal to manage Aldar hotels

Agreement includes management of hotel planned for Yas Island in Abu Dhabi.

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Timberlake tickets touted online

Online ticket touts charging fans double original price to see the US pop superstar in Abu Dhabi.

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Justin Timberlake sold out

First batch of tickets for pop sensation's Abu Dhabi concert snapped up by fans in just over an hour.

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Property, land sales spur Aldar earnings

Second-largest UAE developer sees Q3 profit jump 74% to $137.7mn, hits lower end of forecasts.

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Countdown to Timberlake ticket rush begins

Tickets for superstar's first Middle East concert in Abu Dhabi go on sale October 25 at 9am.

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JT to round off world tour in Abu Dhabi

UAE capital looks to mark another notch on belt as entertainment hub with Justin Timberlake show.

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Green city

How and why the major UAE real estate developers are using green design for their latest projects.

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Rides and slides

Sarah Gain reports on the spate of theme park projects that have been announced around the region.

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Hollywood dazzles Abu Dhabi

Warner Bros agrees multibillion dollar deal to set up film production firm, theme park and cinemas in emirate.

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Abu Dhabi F1 plan to build ‘world’s most unique track’

The developer behind Abu Dhabi's new F1 racetrack has pledged to deliver "the world's most unique track" upon its completion in 2008.

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Aldar signs Oberoi deal

Aldar Properties has signed an agreement with India-based Oberoi Hotels and Resorts, to develop two luxury hotels on its Yas Island and Al Raha Beach projects.

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Aldar awards $735mn tower deal

Arabian Construction Company wins contract to build three towers in Abu Dhabi's central business district.

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ALDAR hands over Al Raha Gardens development

Abu Dhabi developer ALDAR has commenced the handover process on completed properties within the Al Raha Gardens development in Abu Dhabi.

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Construction works around mangroves on Abu Dhabi resort

BIG 5: Rupert Cornford heads offshore to see the balance of construction and ecology on Al Gurm Resort in Abu Dhabi.

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Abu Dhabi in $2bn real estate plan

Emerald Gateway consists of 88 towers and will be located between Abu Dhabi city and the airport.

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Aldar predicts share price will double

UAE developer says $50bn of planned projects will push stock price up, plans to tap lenders to fund growth.

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Mubadala to expand mortgage firm across UAE

Abu Dhabi investment agency says emirate is just start for mortgage finance joint venture.

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Teamwork: capacity issues shift client-contractor relations

Rupert Cornford looks at how market dynamics affect the relationship between client and contractor.

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Abu Dhabi house sales fall short of Dubai's

A study by Deutsche Bank finds that only 60 percent of Aldar Properties units have been sold since 2005.

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Aldar reaches safety landmark

Aldar announces Al Raha Beach development hits safety milestone of one million hours worked without an accident.

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District developments

District cooling stamps its authority on the UAE property market.

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Tabreed wins IDEA awards

UAE-based cooling provider now ‘world's largest' and set to maintain its position, says CEO.

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Aldar clocks profit

Aldar Properties has announced profits of US $247 million (AED907.5 million) for the first half of 2007, a 72% increase on the same period last year.

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Aldar appoints Aconex

Aldar Properties appointed Aconex, the provider of online collaboration tools for construction and engineering projects, to provide web-based information management solutions for a number of its projects.

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Aldar Al Raha Beach sees first contract

Aldar has awarded the first major building contract for its $14.7bn waterfront project, Al Raha Beach.

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Aldar contract wins for Tabreed

District cooling firm Tabreed will provide one million tonnes of refrigeration to Aldar Properties' projects in two new contracts.

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Ed Zublin wins Aldar job

German contractor Ed Zublin has won a US $103 million (AED 378 million) contract from Aldar Properties to build Injazat Data Systems' new data centre and offices in Abu Dhabi.

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Light my fire

World-renowned architectural lighting designers Jonathan Speirs and Mark Major discuss the challenges of working in the Middle East.

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Bahrain firm to build Abu Dhabi F1 circuit

Aldar Properties awards Bahrain-based construction firm Cebarco-WCT $350 million deal to build circuit.

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Al Bandar deal valued

The value of Aldar Laing O'Rourke's contract for Al Bandar on Al Raha Beach is US $172 million (AED632 million), Construction Week can reveal.

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FIDIC 1999 or something else in disguise?

Michelle Nelson, partner, Masons Galadari, explores changes made to the Abu Dhabi government forms of contract.

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Laing O’Rourke starts road building on Raha

Aldar Laing O'Rourke has won a contract to build three interchanges on the eastern section of Al Raha Beach in Abu Dhabi.

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Three-way tie up in AD

Aldar Properties, Sorouh Real Estate and Reem Investments have tied up with First Gulf Bank to form a new property company, Inshaa.

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Keep it in the family

Why large-scale projects in Abu Dhabi demand more of an equitable approach to contracting.

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Aldar joins Ferrari festivities in Italy

UAE real estate giant takes part in celebrations for the sports car manufacturer's 60th anniversary.

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Aldar hands $172 mn deal to JV construction firm

Aldar Properties awards Abu Dhabi water front contract to joint venture Aldar/Laing O'Rourke.

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Aldar names new COO

Abu Dhabi property company Aldar Properties has appointed John Bullough as Chief Operating Officer.

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Aldar sets standard with NEC contract on Al Raha

Abu Dhabi's Aldar Properties is set to become the first developer in the region to use the NEC collaboration benchmark contract.

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Abu Dhabi says foreign investment at $681mn

Figure expected to rise further with marketing and cross-listings.

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Aldar on the road to South Asia

The property giant's deal with Singapore's Keppel is a bid to diversify into outside markets.

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Partnering: a regional panacea?

In a culture of unbalanced risk allocation, is the region ready for more of an equal approach?

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Aldar borrows $2.1bn for Raha Beach

The UAE property developer has secured loans to finance its development in Abu Dhabi.

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Tabreed wins cooling contracts from Aldar

The Dubai-listed company will supply Aldar's Yas Island and Al Raha Beach developments.

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Key will be managing risk as project complexity increases

Bassam Samman, CEO, CMCS, talks to Conrad Egbert about the growing need for project and risk management solutions on construction projects, as an increasing number of variables present themselves to the parties involved in the procurement process.

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Aldar seeks $2.1b beach project loan

The UAE developer is seeking a syndicated loan to finance its Al Raha project.

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Capital shining

Abu Dhabi is going all out in its quest for property supremacy with its billion-dollar projects all set to entice business and tourism.

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Labour clusters to be built in the garden city

Aldar Properties is to build a US $136 million (AED499 million) labour complex in Al Ain with a capacity for 16,000 workers.

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Leadership course to secure Abu Dhabi's 'vision'

Abu Dhabi-based property developer Aldar Properties PJSC is to establish a new educational development programme.

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Aldar-RICS partnership will boost membership

Abu Dhabi-based Aldar Properties has partnered with the Royal Institution of Chartered Surveyors (RICS).

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Aldar to build 16,000 capacity labour accommodation

Aldar starts work on 16,000 labour development.

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Aldar to build Al Ain workers city

Aldar and ZonesCorp are to develop a 16,000 capacity workers residential city in Al Ain.

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Abu Dhabi rules out 'cataclysmic' growth

Cityscape special: the UAE capital hopes to emerge as a global city by 2030, but not through "uncontrolled expansion".

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Abu Dhabi's Sorouh seeks $1bn funding

Borrowing for new developments could see the value of projects triple to $32.68bn.

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Cityscape showcases $400bn developments

Cityscape special: Abu Dhabi's debut exhibition is set to display projects from 50 countries.

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Aldar posts record profit

UAE developer Aldar Properties posts its highest-ever quarterly profit of US$122.7m.

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UAE gets authentic Islamic finance company

Abu Dhabi banking and property development come together for launch of US $137 million Aseel.

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Aldar sets sights on the capital

Two islands off Abu Dhabi's coast are set to be linked by new luxury resort.

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UAE's Aldar reports record profit

Abu Dhabi's property giant says its Q1 profit jumped 79% to $122.7m.

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All the world's a stage

Top musical comes to Abu Dhabi.

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Taking on the 'real' challenge

The stage is set for Abu Dhabi to shake things up in the property sector with its billion-dollar developments.

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Coconut Island flagged for resort

New offshore development from Aldar set to make positive contribution to Abu Dhabi.

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Abu Dhabi revs up Ferrari deal

Aldar properties today signed a deal to construct a Ferrari Theme Park in the emirate.

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Revealed: Gulf's most admired companies

Arabian Business has published its '50 Most Admired' list of regional companies.

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Aldar adds to portfolio with AD island projects

Aldar Properties has teamed up with the National Corporation for Tourism and Hotels (NCTH) to develop a ‘gated' resort and residential development on two islands located off the west coast of Abu Dhabi.

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AD takes on Marrakech

A company recently formed by four Abu Dhabi-based developers will build a massive real estate development in Marakech, Morocco.

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Abu Dhabi developers plan project in Morocco

A company recently formed by four Abu Dhabi-based developers is set to build a massive real estate development in Marakech.

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Progress for US $30 million souq

Aldar Properties' AED 113 million (US $30 million-plus) Central Market project in Abu Dhabi, which is to be constructed by Mushrif, will be completed by mid-2008, developers said.

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Tabreed and Aldar joint venture

District cooling company Tabreed and real estate firm Aldar Properties have entered into a joint venture to build 25 district cooling plants in Abu Dhabi.

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The future looks bright

Graham Yates, head of Aldar Facilities Management Businesses talks strategic alliances, lifecycle costing and his plans for the future, with facilities management Middle East.

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JVs can improve site relationships

What can be done to reduce the strain between contractors and developers? Go into joint ventures, of course. Monika Grzesik reports.

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UAE property giants team up

The new real estate player created by four Abu Dhabi developers is set to place the emirates on the international property map.

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ALDAR Construction on Al Raha Beach ahead of schedule

Al Raha Beach Development is nearing completion of dredging and reclamation activities on the eastern four kilometres of the project - some three months ahead of schedule.

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Aldar to invest $545m in al-Ain

Development will include hotels, offices, and seven towers with apartments for UAE nationals.

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Tabreed ties up for AD cooling

Tabreed has entered into a joint venture with Abu Dhabi-based Aldar Properties to build 25 new district cooling plants in the UAE capital.

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Aldar to offer share capital

Abu Dhabi-listed Aldar Properties has been given approval by the economy ministry to offer foreigners up to 40% of its share capital.

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Abu Dhabi property powers join forces

The UAE capital's four major property developers create new entity to take on global markets.

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District Cooling for Aldar Properties

Joint venture sees building of 25 new district cooling plants.

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Emaar to hold 55% more land in Dubai

Dubai Holding deal could boost Emaar's UAE land bank to $12.9bn, say analysts.

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Aldar's project ahead of schedule

The Abu Dhabi developer claims that its flagship Central Market project is on track.

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Al Raha Gardens to have in-house FM

Aldar wants to ensure after-sales quality by keeping control of development's facilities management.

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European trends unveiled in Abu Dhabi

New ALDAR show homes, decorated by six top interior designers, are launched.

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Aldar to allow 40% foreign ownership

The property developer is set to allow non-UAE nationals to own up to 40% of its shares.

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UAE construction costs set to soar by 20%

Aldar Properties predicts a costs to rise be a fifth this year, following a surge in 2006.

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Aldar may increase bond issue to $1.5bn

The UAE's Aldar has set the price guidance on its bond issue, which it plans to list in London.

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Aldar may increase bond issue to $1.5bn

Aldar Properties has set the price guidance on its bond issue, which it plans to list on the London stock exchange.

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Abu Dhabi gets green light for F1

The UAE capital has signed a seven-year deal to host a Formula One Grand Prix; racing will start in 2009.

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Aldar Properties turns in a healthy net profit

Aldar Properties, the real estate company developing the Al Raha Beach, Al Yas Island, and the central market in Abu Dhabi, has announced a US $340 million (AED 1.25 billion) net profit for the fiscal year ending 31 December 2006

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Future capital

With over US$100bn of projects in hand, UAE capital Abu Dhabi is launching its own assault on the Middle East property market — and Aldar Properties is at the forefront of the emirate’s burgeoning reputation as a leading real estate hub.

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Abu Dhabi’s Yas Island to undergo development

Property developer Aldar Properties has announced plans to turn Yas Island, one of Abu Dhabi’s largest natural islands, into a major leisure development

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Abu Dhabi goes from strength to strength

With Abu Dhabi’s development potential starting to be realised, Christopher Sell profiles some of the major projects that are set to shape the UAE capital’s future.

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Capital idea

The speed of growth in the region has attracted attention from foreign shores for many years, but a regional business investing in regional talent has yet to come make it big – until now. James Bennett meets Dr Karim El Solh, CEO of Gulf Capital, and uncovers how the Middle East has at last produced a homegrown champion

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