ALDAR Properties

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Recent Articles

• Aldar sold assets in Yas Island to gov’t for $2.5bn 9 March 2010

  Assets were sold at book value; no profit recorded in firm’s 2009 financial statement.

• Aldar CFO: business as usual after Moody's cut6 March 2010

  Abu Dhabi's biggest property developer has 'no plans at this stage" to borrow this year.

• Moody's downgrades seven UAE companies4 March 2010

  Mubadala, IPIC, TDIC, TAQA, Etisalat, Dolphin Energy and Aldar all downgraded.

• UAE's Aldar to deliver 1,000 units in next 12 months17 February 2010

  Company to invest about $1.9 billion in its project during 2010, its CFO said.

• Aldar sells Yas Island assets to gov't17 February 2010

  Property developer offloads Yas Island assets including F1 track to Abu Dhabi gov't.

• Aldar 'cautiously optimistic' on 2010 prospects14 February 2010

  UPDATE 1: Abu Dhabi developer reports 2009 earnings of AED906m, down 73% on 2008.

• Aldar to tone down Al Raha Beach plans - report12 February 2010

   ‘It’s good to slow down and align with realities of the world’ - Abu Dhabi developer.

• Al Qubaisi quits Aldar Properties board7 February 2010

  IPIC chief steps down from property firm; no reason given in company statement to bourse.

• IKEA plans flagship store in Abu Dhabi in 20113 February 2010

  UPDATE 1: Swedish retail giant eyes 1.3m shoppers in first year of operations.

• Abu Dhabi developer facing profits squeeze - study18 January 2010

  Report says house prices need to rise by 29% to give Aldar more incentive to build.

• Real estate stocks lift Abu Dhabi market28 December 2009

  UPDATE 2: Arabtec leads Dubai stocks, while Kuwait suspends trading in Agility stock.

• Abu Dhabi limits construction to avoid housing glut25 November 2009

  UAE capital up to 20,000 units short, approving developments in 'measured way' - Aldar.

• Dubai developers see negative press reports decline22 November 2009

  Study shows negative column inches about city's real estate falls by third quarter.

• EXCLUSIVE: Etihad, Aldar ordered to pay Force India damages5 November 2009

  UPDATE 1: Judge says airline, property firm must pay up over sponsorship deal.

• Ferrari theme park building complete - Aldar29 October 2009

  On eve of Abu Dhabi F1 race, developer announces 2010 project milestone.

• Aldar sees Q3 net profit fall by 43%27 October 2009

  UPDATE 1: Abu Dhabi's largest developer posts profit of $117.1m in Q3 amid challenging conditions.

• Aldar sees 'modest' rise in property deals in H126 October 2009

  Developer says there Abu Dhabi housing shortfall of up to 15,000 units in 2010.

• SABIC stock surges on Q3 results to lift Saudi index19 October 2009

  UPDATE 5: Emaar helps to spur recovery in Dubai while Kuwait closes lower.

• New bridge opens to link Saadiyat Island to Abu Dhabi14 October 2009

  Completion of 10 lane Sheikh Khalifa Bridge is major infrastructure milestone for city.

• Aldar says Abu Dhabi still key market for future7 October 2009

  UAE capital's largest developer also set to move more into asset management.

• Aldar hands over Yas Marina track for Abu Dhabi GP18 September 2009

  Abu Dhabi's crown prince expresses his satisfaction after track inspection.

• Aldar, National Catering Company form joint venture8 September 2009

  New firm will provide services for 56,000 workers at Aldar's labour camps.

• Emirates Steel to tap markets for $600m in Q1 20102 September 2009

  Proceeds to be used to fund expansion and consolidate debt, says CFO.

• Ferrari World on starter's grid for 2010 opening1 September 2009

  Building work on Abu Dhabi indoor theme park, billed as world’s largest, 90% complete.

• Yas Island works on track for Abu Dhabi F1 race27 August 2009

  Developer Aldar says infrastructure has been completed, now being tested, commissioned.