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Ferrari and Aldar to build luxury homes in Abu Dhabi
Aldar Properties, the developer of Ferrari World on Yas Island, is currently in talks with Ferrari to extend their relationship and develop further projects in Abu Dhabi. Mohammed al-Mubarak, chief commercial officer of Aldar Properties, said on a press conference on Thursday the project will “offer...
Aabar buys land worth Dh2.7bn in Abu Dhabi
Aabar Investments has signed an agreement to buy 14 land plots in Abu Dhabi from Green Emirates for a total of Dh2.7 billion (US$735 million). The plots are in several development projects such as Raha Beach, which is under development by Aldar Properties, the Rawdhat Abu Dhabi project by Reem Developers,...
Aldar launches Al Falah
Aldar Properties PJSC, Abu Dhabi’s leading property development, management and Investment Company, today announced the launch of Al Falah, a master planned community for UAE nationals as part of the Plan Abu Dhabi 2030 directive. The new development will provide around 5,000 homes for middle-income...
Yas Island benefits from the financial crisis
The development projects on Yas Island in Abu Dhabi benefit from the economic downturn caused by the global financial crisis, Aldar Properties said on Monday. According to Steve K. Worrel, Director of Mixed Use Development at Yas Island, availability of more workers and bidders have increased because...
Freehold owners in Abu Dhabi to get visas
A senior government official in Abu Dhabi has disclosed details about a federal law granting residency visas to owners of freehold property. This law is expected to be introduced within the year. The law will allow freehold owners to obtain a six-month renewable residency visa, regardless of their nationality...
More confidence in Abu Dhabi real estate than in Dubai
Sorouh and Aldar, two of the major real estate developers in Abu Dhabi, have released their year-end financial reports for 2008. Both reports show net profit increases, even though both companies took a downturn in the last quarter of 2008. Aldar also took a hit when they announced they would stop working...
Aldar to open 7 hotels on Yas Island
The Abu Dhabi Tourism Authority said yesterday that Aldar Properties will commission seven hotels on the Yas Island by November. “The hotels – four 5 star properties, one 4 star and two 3 star – together will boost Abu Dhabi’s accommodation inventory by 2,298 rooms and its food...
Aldar’s projects on track
Abu Dhabi’s biggest real estate developer Aldar Properties has not slowed down or put on hold any of its projects due to the global financial crisis and has no plans to lay off staff to cut costs, a senior Aldar executive told Gulf News. “Everybody is affected by the financial tsunami, nobody...
Yas Mall to be showcased at MAPIC
Aldar Properties, Abu Dhabi’s leading property development, investment and management company today unveiled plans to build a signature Super Regional Mall as part of Abu Dhabi’s premier retail and leisure destination at Yas Island. Leading retailers, property developers and investors attending MAPIC,...
ALDAR to establish boating hub in Abu Dhabi
ALDAR Properties, PJSC, Abu Dhabi’s leading integrated property development, investment and management company, announced today that it has created a new subsidiary dedicated to transforming Abu Dhabi into an international luxury boating destination. The new entity, ALDAR Marinas, will provide...
