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Aldar Properties, DP World to Develop Premier Logistics Park in Dubai

Abu Dhabi-based Aldar Properties and Dubai’s DP World have entered a strategic partnership aimed at developing a state-of-the-art logistics park in Dubai. This collaboration marks a significant step in bolstering the logistics infrastructure in the region, catering to the growing demand for Grade A logistics facilities. The agreement, finalized recently, underscores Aldar’s commitment to expanding its footprint in Dubai’s thriving real estate sector. The planned logistics park […]

London Square’s spectacular showcase at Rosewood Hong Kong provides a dazzling view of its UK new homes

HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – Leading UK residential developer London Square, renowned for creating some of the most striking new homes in London, unveiled an exciting showcase of current and future new developments at Rosewood Hong Kong last week. Nearly 200 people attended the prestigious exhibition Nearly 200 people attended the prestigious exhibition – the first time Rosewood Hong Kong […]

Saadiyat Grove Set for Smart Transformation Through Aldar-Siemens Alliance

In a move that promises to reshape the urban living experience in Abu Dhabi, Aldar Properties (Aldar) has joined forces with Siemens to transform Saadiyat Grove, a burgeoning mixed-use development, into the emirate’s leading smart district. This groundbreaking partnership, announced at the World Future Energy Summit in Abu Dhabi, signifies a significant investment in smart technology for residential and commercial spaces. The centerpiece of this collaboration is […]

Abu Dhabi Developer Aldar Gears Up for Growth with Sustainable Sukuk Offering

Abu Dhabi’s real estate giant, Aldar Properties, is revving its engine for expansion with plans to issue a sustainability-focused Islamic bond, or sukuk. This financing strategy aligns with the company’s commitment to environmental responsibility while bolstering its growth objectives. News of the potential green sukuk issuance comes after Aldar successfully launched its debut offering in this category last year, raising $500 million. The positive investor response, with […]

Aldar Achieves Remarkable 40% Net Profit Surge from Sales

Abu Dhabi-based real estate developer Aldar Properties has announced a groundbreaking 40% increase in net profit, attributed to a significant surge in sales. The company’s stellar financial performance underscores its resilience in the dynamic real estate market. The robust growth in net profit for the fiscal period reflects Aldar’s strategic initiatives and adept management in capitalizing on heightened market demand. With an unwavering focus on customer needs, […]

Aldar Properties Reports Impressive 39% YoY Growth in Q4 Net Profit

Abu Dhabi-based Aldar Properties has announced a substantial 39% year-on-year surge in its net profit for the fourth quarter, attributing the boost to increased sales. The real estate giant’s financial results underscore its resilience amid market dynamics, reflecting a positive trajectory in the real estate sector.

Aldar Properties’ Q4 financial report reveals a robust performance, with net profit climbing to noteworthy levels. The company’s strategic initiatives and effective management have contributed to this remarkable growth, positioning Aldar as a key player in the region’s real estate landscape.

The surge in net profit is primarily fueled by heightened sales, indicating a strong demand for Aldar’s offerings in the real estate market. The company’s ability to capitalize on market opportunities and meet customer needs has propelled its financial success, showcasing a dynamic and responsive business approach.

As the real estate sector continues to evolve, Aldar Properties’ performance stands as a testament to its adaptability and market acumen. The positive financial results are expected to bolster investor confidence and reinforce Aldar’s position as a leading entity in the real estate development domain.

Market analysts suggest that Aldar Properties’ growth is indicative of the overall resilience and potential within the UAE’s real estate market. The strategic location of the UAE, coupled with Aldar’s commitment to quality and innovation, positions the company favorably for sustained success in the foreseeable future.

The impressive fourth-quarter results are likely to have a ripple effect on the company’s overall fiscal year performance, further solidifying Aldar Properties’ standing in the real estate industry. Investors and stakeholders are keenly observing the company’s trajectory, anticipating continued growth and value creation.

Aldar Properties’ positive financial report comes amidst a backdrop of economic recovery, and the company’s ability to outpace the market trends highlights its strategic foresight and operational efficiency. The real estate giant’s Q4 success sets a promising tone for the upcoming fiscal year, signaling potential opportunities for both the company and its investors in the dynamic real estate landscape of the UAE.

Aldar Properties launches new waterfront residential community on Abu Dhabi’s Yas Island

Abu Dhabi’s Aldar expects to start construction on Phase 1 of Gardenia Bay in Q1 2024

Abu Dhabi’s Yas Island becomes virtual world in Roblox game

UAE: Abu Dhabi now available for virtual exploration

Weapons and Hazardous Substance Office re-launches intiative to register unlicenced weapons

Khaled bin Mohamed bin Zayed launches Balghaiylam residential development valued at AED 8 billion

ABU DHABI, 17th July, 2023 (WAM) — H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince

Sharad Yadav – The Maverick Lohiaite Missed Rising To The Top Of The Socialist Camp

ADX adds 5 more stock futures

Arabian Post Staff  Abu Dhabi Securities Exchange (ADX) has introduced five more single stock futures in a further step to develop its derivatives market. Starting from October 6th, stock futures on Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge and AD Ports, will be available for trading on the ADX Derivatives market. The addition of new contracts has doubled the total number of […]

Alpha Dhabi becomes Aldar’s parent company

Arabian Post Staff Abu Dhabi-based Alpha Dhabi Holding has increased its stake in Aldar Properties, reaffirming its position as the single largest shareholder and consequently becoming Aldar’s parent company. Through this latest additional stake, Alpha Dhabi has raised its shareholding of Aldar, to complement its existing majority representation on Aldar’s Board of Directors. Accordingly, Aldar will be treated as a subsidiary in Alpha Dhabi’s consolidated financial statements, the impact […]

ADX holds London roadshow

Arabian Post Staff Abu Dhabi Securities Exchange (ADX) has successfully completed a London investor roadshow which saw ADX host a delegation of over 25 senior executives from 9 listed companies and the exchange. The sizeable Abu Dhabi capital market representation reinforces the strong focus on investor relations and continuous dialogue that ADX and its listed companies continue to foster with international and institutional investors. Over the course […]

ADX launches derivatives market

Arabian Post Staff The Abu Dhabi Securities Exchange has introduced a derivatives market as the exchange rolls out initiatives to develop Abu Dhabi’s capital markets and bring its products and services in line with global peers. With the launch of single equity futures, the new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities. Trading in the […]

Signs of revival in UAE real estate market

Arabian Post Staff Residential property values in the UAE’s two largest cities, Dubai and Abu Dhabi, have expanded at their fastest pace since 2015, according to provisional data for the third quarter from global property consultancy, Knight Frank. According to Faisal Durrani, Partner – Head of Middle East Research, the UAE’s decisive, rapid and world leading response to the pandemic has caught the attention of the world’s […]

National Mobilizations Will Push Back Taliban: General Ata Mohammad Noor

Manish Rai  General Ata Mohammad Noor, Leader of Jamiat-e Islami Afghanistan and the Former Governor of Balkh Province have been the most important strongman and commander in North Afghanistan. Currently, General Ata visited Qatari capital Doha to attend peace talks with Taliban but now he is busy in the mobilization of forces to counter the Taliban advance. Gen Ata is confident that national mobilizations of forces will […]

Abu Dhabi real estate correction slows down

The downward price corrections witnessed in Q2 2019 in the Abu Dhabi real estate sector appear have to slowed in Q3, with average sales prices for apartments down 1% from the previous quarter and sales prices for villas showing no movement from Q2, according to an S&P report. This suggests the market could be close to bottoming out, however, this will depend on the amount of supply […]

Tabreed shareholders mandate 19% hike in cash dividend

|By Arabian Post Staff| The shareholders of National Central Cooling Company have approved a dividend of 9.5 fils per share for the financial year ending 31 December 2018. Driven by the company’s strong and consistent performance in 2018, this represents a 19% increase on the previous year’s pay out. The dividend was approved by the shareholders at the company’s Annual General Assembly (AGA), chaired by Khaled Abdulla […]

Aldar acquires Etihad headquarters for AED 1.2b

|By Arabian Post Staff| Aldar Investment Properties announced it has agreed to acquire full ownership of Etihad Plaza and Etihad Airways Centre in an AED 1.2 billion transaction with Etihad Airways. As part of the deal, Etihad will take 100% ownership of Etihad Airways HQ. The three properties were previously held in three 50/50 joint ventures between Aldar Properties and Etihad. The transaction is expected to complete […]

ADX lists $300m sukuk for General Holding Corporation

|By Arabian Post Staff| Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, together with General Holding Corporation (SENAAT), one of the largest holding companies in industrial investment in the UAE, rang the market opening bell to celebrate the listing of the first tranche of SENAAT sukuk. Valued at $300 million (1.1 billion AED), it is the first of its kind dual listing between Abu Dhabi Securities […]

Job cuts, increased supplies further depress Abu Dhabi properties

|By Arabian Post Staff| Subdued economic growth continued to translate into job cuts, reduction of staff allowances and few employment opportunities, which resulted in increased vacancy rates in the Abu Dhabi property market, according to the latest report of Asteco. Average apartment rental rates dropped by 3% over the quarter and by 10% during the past 12 months, with the highest rate of decline recorded for mid-end […]