ALDAR Properties

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Recent Articles

• Gov't backing to help Aldar, Sorouh weather storm30 November 2008

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

• Citiscape bags Yas Island contract28 November 2008

  Contractor appointed to work on Formula one project.

• Aldar unveils plan for 700-shop super mall21 November 2008

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

• JRA signed to deliver central market3 November 2008

  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.

• Aldar results raise concerns over property market27 October 2008

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

• Aldar to set up hotel management unit9 October 2008

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

• Aldar reveals plan to build 14 marinas7 October 2008

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

• Standard Chartered, Aldar in mortgage deal24 September 2008

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

• No cut in foreign ownership - Aldar23 September 2008

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

• Firm aims to build 20 schools for UAE capital8 September 2008

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

• Aldar clamps down on property 'flipping'19 August 2008

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

• Aldar in mortgage deal with Barclays for Al-Raha Beach18 August 2008

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

• Drake & Scull bags $34mn Yas Island deal14 July 2008

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

• Aldar, Mubadala partner in healthcare drive22 June 2008

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

• Aldar to develop mall in Al Ruwais14 June 2008

  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.

• Aldar to raise $1bn in sukuk sale5 June 2008

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

• More Ferrari parks in pipeline for Aldar4 June 2008

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

• Aldar to sell debut Islamic bonds22 May 2008

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

• Aldar strikes Arkan supply deal18 May 2008

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

• Aldar eyes Western firms hit by subprime crisis13 May 2008

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

• Aldar appoints architect for island10 May 2008

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

• Al Masaood Bergum targets major deals26 April 2008

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

• Aldar to sell $970mn in bonds to Mubadala24 April 2008

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

• Abu Dhabi boom drives profits24 April 2008

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

• Marriott to double Mideast hotel portfolio23 April 2008

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