ALDAR Properties

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Recent Articles

• Middle East must tackle skilled staff issue28 January 2008

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

• Property sales power Aldar to record earnings23 January 2008

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

• Abu Dhabi inks billion dollar golf deal20 January 2008

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

• Intercon to build three Abu Dhabi hotels15 January 2008

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

• ALDAR and Besix join forces9 January 2008

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

• Aldar issues 16.4mn extra shares27 December 2007

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

• Rotana and ALDAR development deal for four hotels13 December 2007

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

• Modulor talks Al Raha26 November 2007

  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.

• Aldar to turn profit abroad by 20097 November 2007

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

• UAE gears up Ferrari theme park3 November 2007

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

• Aldar records a 73% increase in revenue3 November 2007

  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.

• Movenpick bags deal to manage Aldar hotels31 October 2007

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

• Timberlake tickets touted online29 October 2007

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

• Justin Timberlake sold out25 October 2007

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

• Property, land sales spur Aldar earnings25 October 2007

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

• Countdown to Timberlake ticket rush begins23 October 2007

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

• JT to round off world tour in Abu Dhabi18 October 2007

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

• Hollywood dazzles Abu Dhabi26 September 2007

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

• Abu Dhabi F1 plan to build ‘world’s most unique track’23 September 2007

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

• Aldar signs Oberoi deal15 September 2007

  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.

• Aldar awards $735mn tower deal5 September 2007

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

• ALDAR hands over Al Raha Gardens development4 September 2007

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

• Abu Dhabi in $2bn real estate plan29 August 2007

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

• Aldar predicts share price will double27 August 2007

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

• Mubadala to expand mortgage firm across UAE19 August 2007

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