Aldar Properties PJSC (ALDAR)

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News

29 April 2024 10:40 AM Aldar sees 88% higher net profits in Q1-24

Abu Dhabi – Mubasher: The net profits after tax of Aldar Properties amounted to AED 1.57 billion in the first quarter (Q1) of 2024, higher by 88% than AED 835.79 million in Q1-23. Revenue and rental income amounted to AED 5.61 billion in the …

Real estate

3 April 2024 03:03 PM Aldar to launch 1st logistics facility at Dubai South

Abu Dhabi – Mubasher: Aldar Properties and Dubai South will team up to develop Grade A logistics facilities at Dubai South’s Logistics District, according to a press release. The Grade A logistics facility, spanning nearly 23,000 square metres of …

Real estate

18 March 2024 10:55 AM Aldar Properties sells Abu Dhabi’s most expensive apartment

Abu Dhabi – Mubasher: Aldar Properties has announced selling the most expensive apartment in Abu Dhabi for AED 137 million, or AED 96,000 per square meter. The sold unit is a three-bed penthouse at Nobu Residences on Saadiyat Island, according to …

Companies Investments

11 February 2024 10:45 AM Aldar’s profits to shareholders hit AED 3.9bn in 2023

Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties hiked to AED 3.92 billion in 2023 from AED 2.94 billion in 2022. Revenue and rental income amounted to AED 14.16 billion last year, higher than AED 11.20 billion, …

Real estate

8 February 2024 01:59 PM Aldar unveils investment plans in Europe; contracts awards hit AED 22bn in 2023

Abu Dhabi – Mubasher: Aldar Properties teamed up with global investment firm Carlyle to invest  AED 407 million ($111 million) in logistics and storage assets across Europe, according to a press release. Under the partnership, Aldar will have a …

Real estate

6 February 2024 00:28 PM Aldar boosts portfolio via AED 5bn investments in Abu Dhabi

Abu Dhabi – Mubasher: Aldar Properties plans to invest further AED 5 billion to develop a range of income-generating assets within key destinations in Abu Dhabi. The ADX-listed firm noted that the assets will be delivered in a phased manner …

Companies Investments

9 January 2024 01:46 PM Aldar invests AED 1bn in UAE’s logistics real estate business

Abu Dhabi – Mubasher: Aldar Properties pumped investments valued at AED 1 billion to expand its logistics real estate business in Dubai and Abu Dhabi, according to a press release. The ADX-listed company first entered the logistics sector with …

Companies Investments

20 December 2023 03:47 PM ADIB, Aldar close AED 1bn sustainable financing

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has arranged AED 1 billion sustainable bilateral facility for Aldar Properties, according to a press release. The financing takes Aldar’s total environmental, social, and corporate governance …

Banking and Finance

19 December 2023 01:55 PM Aldar, Mubadala, Ares to invest $1bn in European private real estate credit

Abu Dhabi – Mubasher: Aldar Properties, Mubadala Investment Company, and Ares Management plan to jointly invest $1 billion in private real estate credit opportunities in the UK and Europe over the next three to five years. Under the joint …

Companies Investments

30 October 2023 00:40 PM Aldar’s net profits hit AED 3bn in 9M-23; revenues hike 21%

Abu Dhabi – Mubasher: Aldar Properties achieved net profits valued at AED 3 billion in the first nine months (9M) of 2023, higher by 41% than AED 2.13 billion in the year-ago period. Revenue and rental income stood at AED 9.76 billion in 9M-23, an …

Financial Results

11 September 2023 03:28 PM Aldar Estates expands portfolio via FAB Properties acquisition

Abu Dhabi – Mubasher: Aldar Estates, part of Aldar Properties, has acquired FAB Properties in line with its plans to expand its portfolio, according to a press release. Following the transaction, Aldar Estates will hold a property management …

Mergers and Acquisitions

3 September 2023 02:38 PM Aldar unveils SODIC’s expansion plans in Egypt

Cairo – Mubasher: Aldar Properties-backed Six of October Development and Investment (SODIC) plans to expand the Nobu brand in Egypt, according to a press release. SODIC will establish two hotels, branded residences, and a restaurant across two of …

Companies Investments

1 August 2023 01:42 PM Aldar raises retail portfolio investment to AED 1bn

Abu Dhabi – Mubasher: Aldar Properties unveiled its plan to invest AED 500 million in renovating Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah, increasing the company’s commitment to AED 1 billion for the redevelopment of its …

Real estate

1 August 2023 09:24 AM Aldar logs AED 1.92bn profits to owners in H1-23

Abu Dhabi – Mubasher: Aldar Properties generated AED 1.92 billion in net profit attributable to the shareholders during the first half (H1) of 2023, versus AED 1.47 billion in H1-22. Revenue and rental income reached AED 6.30 billion as of 30 June …

Financial Results

19 July 2023 02:03 PM Aldar partners with ADHA for AED 8bn development project

Abu Dhabi – Mubasher: Aldar Properties teamed up with the Abu Dhabi Housing Authority (ADHA) to develop a project valued at AED 8 billion, according to a press release. The development project aligns with Abu Dhabi’s efforts to create integrated …

Real estate

4 July 2023 11:35 AM Aldar, IHC, ADNEC join forces to create property management platform

Abu Dhabi – Mubasher: Aldar Properties, International Holding Company (IHC), and Abu Dhabi National Exhibitions Company (ADNEC) will merge their jointly owned property and facilities management businesses within the Aldar Estates platform. Under …

Mergers and Acquisitions

29 May 2023 11:56 AM Aldar reinforces integrated property platform via Basatin acquisition

Abu Dhabi – Mubasher: Aldar Properties has acquired Basatin Landscaping at a value of AED 150 million to anchor its Aldar Estates platform, according to a press release. Aldar will hold a 75% shareholding in Basatin, while the remaining 25% stake …

Real estate

3 May 2023 10:47 AM Aldar’s profits to shareholders exceed AED 725.5m in Q1-23

Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties reached AED 725.65 million in the first quarter (Q1) of 2023, an annual surge from AED 667.91 million. Basic and diluted earnings per share (EPS) stood at AED …

Financial Results

9 February 2023 05:11 PM Aldar generates higher profits in 2022; dividends unveiled

Abu Dhabi – Mubasher: Aldar Properties posted net profits to the shareholders worth AED 2.94 billion during 2022, higher than AD 2.21 billion in 2021. The basic and diluted earnings per share (EPS) soared to AED 0.36 last year from AED 0.29 in …

Real estate

1 February 2023 03:00 PM Aldar unveils acquisition of Al Fahid Island for AED 2.5bn

Abu Dhabi – Mubasher: Aldar Properties has acquired Al Fahid Island at a value of AED 2.50 billion to be paid over five years, according to a press release. The transaction anchors Aldar’s development plans to provide various products that meet …

Real estate

23 January 2023 03:48 PM du, e& join forces to boost Aldar’s telecom services

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and etisalat by e& inked a master developer agreement (MDA) with Aldar Properties, according to a press release. Under the partnership, du and Etisalat UAE will provide Aldar's …

Real estate

19 December 2022 01:59 PM Aldar, Mubadala acquire Al Maryah Tower for AED 450m

Abu Dhabi – Mubasher: Aldar Properties partnered with Mubadala Investment Company to acquire Al Maryah Tower in exchange for AED 450 million, according to a press release. Aldar will be holding a 60% controlling stake in Al Maryah Tower, while …

Mergers and Acquisitions

29 November 2022 08:21 PM Aldar teams up with Nobu Hospitality for Al Saadiyat project

Abu Dhabi – Mubasher: Aldar Properties has entered into an exclusive partnership with Nobu Hospitality to develop a new luxury hotel and branded residences to boost Aldar’s Mamsha Al Saadiyat. Under the collaboration agreement, Aldar will …

Companies Investments

27 October 2022 05:04 PM Aldar posts higher profits at AED 2bn in 9M-22

Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Aldar Properties jumped to AED 2.02 billion in the first nine months (9M) of 2022, compared to AED 1.53 billion in 9M-21. Revenues and rental income totalled AED 8.06 …

Real estate

26 September 2022 03:52 PM Aldar invests AED 25m to endorse energy consumption reduction

Abu Dhabi – Mubasher: Aldar Properties plans to invest AED 25 million in energy retrofit projects to reduce utility consumption for owners and tenants across 13 of its residential communities. The investment comes in line with the UAE-based …

Real estate