ALDAR Properties

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Recent Articles

• Nakheel denies talks over sale of firm3 December 2008

  Dubai-owned developer rubbishes speculation it will merge or axe more jobs amid financial crisis.

• 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 alters Noor to meet UPC guidelines2 November 2008

  Abu Dhabi master developer ALDAR has announced alterations to its Noor Al Ain project in order to meet design guidelines set forth by the emirate's Urban Planning Council (UPC).

• Aldar results raise concerns over property market27 October 2008

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

• Abu Dhabi's Aldar Q3 net up 50%26 October 2008

  UAE's no.2 developer reports quarterly profit of $206.9mn, analysts had predicted up to double that.

• Aldar Properties appoints new CEO12 October 2008

  Chief operating officer John Bullough replaces Ron Barrott, to 'focus on execution and project delivery'.

• Aldar to build 14 marinas11 October 2008

  Abu Dhabi-based real estate developer Aldar Properties has set up a new subsidiary that will build 3500 berths in 14 marinas across the UAE capital.

• No share buyback planned - Aldar9 October 2008

  Abu Dhabi-based developer refutes media reports citing firm's CEO that it's considering buyback scheme.

• 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.

• Cityscape fails to inspire real estate investors6 October 2008

  UPDATE 2: UAE firms see major slump while Saudi market also tanks 10%.

• Aldar revises Noor Al Ain plan5 October 2008

  Aldar Properties, a real estate development, management and investment company has announced it is to revise its Noor Al Ain project in line with recent building preservation guidelines enforced by the Abu Dhabi Urban Planning Council (UPC).

• 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.

• UAE's Aldar Q2 profit soars on land, property sales29 July 2008

  UPDATE 1: Abu Dhabi developer posts quarterly net profit of $326.7mn.

• 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.