Aldar Properties: Difference between revisions
Aldar buys Al Fahid Island for $680m to develop new waterfront project |
Abu Dhabi-based Aldar records net profit of Dhs3.1bn in 2022 |
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Al Fahid Island is Located between [[Yas Island]] and [[Saadiyat Island]].<ref name=":0" /><ref name=":1" /><ref name=":2" /> |
Al Fahid Island is Located between [[Yas Island]] and [[Saadiyat Island]].<ref name=":0" /><ref name=":1" /><ref name=":2" /> |
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== Financial Performance == |
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For the year 2022, Aldar has posted a [[Net income|net profit]] of AED 3.1 billion.<ref>{{Cite web |last=Salian |first=Neesha |date=2023-02-10 |title=Aldar delivers net profit of Dhs3.1bn in 2022 |url=https://gulfbusiness.com/aldar-delivers-net-profit-of-dhs3-1bn-in-2022/,%20https://gulfbusiness.com/aldar-delivers-net-profit-of-dhs3-1bn-in-2022/ |access-date=2023-02-12 |language=en-US}}</ref> |
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== See also == |
== See also == |
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Revision as of 17:39, 12 February 2023
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Native name | شركة الدار العقارية |
|---|---|
| Company type | Public |
| Industry | Real estate |
| Founded | 12 January 2004 |
| Headquarters | Abu Dhabi, UAE |
Area served | Abu Dhabi |
| Revenue | AED AED 8.58 billion (2021) |
| AED 2.33 billion (2021) | |
| Total assets | AED 41.1 billion (2021) |
| Total equity | AED 40 billion (2020) |
Number of employees | 500 |
| Website | www |
| Footnotes / references [1][2][3] | |
Aldar Properties PJSC (شركة الدار العقارية Sharikah al-Dār al-`Iqāriyyah) is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates. The company's shares are traded on the Abu Dhabi Securities Exchange.
Aldar develops and manages major projects within the Abu Dhabi Emirate such as Al Raha Beach, Al Raha Gardens and Yas Island, which includes the Yas Marina Circuit, Ferrari World and Yas Hotel Abu Dhabi.[4] Aldar introduced their new project “Lea” located in the north side of the Yas Island having a collection of Residential Land. Lea at Yas Island offers waterfront living alongside parks, promenade and waterside walkways in addition access to all of Yas Acres amenities. The property portfolio further includes the company's headquarters, Gate and Arc Towers in Al Reem Island, Coconut Island, the Abu Dhabi Central Market (Souq), Al Jimi Shopping Centre, Noor Al Ain, Al Gurm Resort, and Al Mamoura – the Mubadala Development Company and Environment Agency Abu Dhabi Headquarters Building.
History
Aldar was founded on 12 January 2004.[5] The shares were listed in 2005.
In 2013 the company merged with Sorouh Real Estate.[6] The combined entity continues to operate under the Aldar name.
In December 2017, Aldar acquired the International Tower in Abu Dhabi.[7]
In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai.[8]
Projects
The most important projects implemented by the company:[9]
- The Gate Towers and Arch Tower project on Al Reem Island is a residential project. The number of residences is estimated at 3,533 units, with an area of 465,870 square meters.
- The Union Plaza project in Khalifa City, with an area of 132,116 square meters, is a residential project, the number of residences is estimated at 789 units.
- Al Bateen Park project in Al Raha Beach is a residential project. The number of housing units is estimated at 359 units, with an area of 102,491 square meters.
- Al Bandar project in Al Raha Beach is a residential project with an estimated number of housing units of 511 units.
- Al Rayana project, next to Abu Dhabi Golf Club, the number of housing units is estimated at 1,537 units, with a total floor area of 212,933 square meters.
- Al Zina project in Al Raha Beach, which is a residential project with an estimated number of 1,221 units.
Al Fahid Island
Al Fahid Island is a natural island located off the coast of Abu Dhabi island.[10][11][12]
It is a mixed purpose community with both residential, retail and commercial units.[10][11][12]
Al Fahid Island is a 3.4 million square metre land bank. Aldar bought Al Fahid Island for $680m.[10][11][12]
Al Fahid Island is Located between Yas Island and Saadiyat Island.[10][11][12]
Financial Performance
For the year 2022, Aldar has posted a net profit of AED 3.1 billion.[13]
See also
References
2021 Formula One World Championship
- ^ Aldar Annual Report 2016
- ^ About Aldar, Aldar website. Retrieved 2018-02-16.
- ^ "Aldar LinkedIn profile". Retrieved 2018-02-16.
- ^ "Lea Residential Plots at Yas Island by Aldar properties". Retrieved 2019-04-15.
- ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-10.
- ^ ″Aldar merger kicks off new model for large consolidations,″ Financial Times. July 1, 2013.
- ^ "Aldar Properties Acquires International Tower for AED 658 MLN," Reuters. December 20, 2017.
- ^ "Aldar and Emaar alliance a gamechanger for UAE realty market," Gulf News. March 17, 2018.
- ^ "Aldar Properties and Development - Abu Dhabi | ALDAR". web.archive.org. 2020-12-30. Retrieved 2022-07-11.
- ^ a b c d Nagraj, Aarti; Oxborrow, Ian (2023-01-31). "Aldar buys Al Fahid Island for $680m to develop new waterfront project". The National. Retrieved 2023-02-01.
- ^ a b c d "Al Fahid Island, Abu Dhabi Area Guide | Bayut". Bayut Area Guides. Retrieved 2023-02-01.
- ^ a b c d "Abu Dhabi's Aldar buys Al Fahid Island, plans $7bn waterfront development".
- ^ Salian, Neesha (2023-02-10). "Aldar delivers net profit of Dhs3.1bn in 2022". Retrieved 2023-02-12.
External links
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