Aldar

Aldar revises Noor Al Ain development

Aldar Properties yesterday announced that it was revising its Noor Al Ain project in Al Ain to cope with new guidelines developed by the Abu Dhabi Urban Planning Council (UPC). The revised Noor Al Ain multi-use development will feature a mix of residential, office, retail, luxury, and entertainment facilities,... 

90% of IREIS 2009 space reserved by real estate companies

Real estate giants from the UAE and other countries will gather in Abu Dhabi in January for a major property show and organizers said nearly 90 per cent of the exhibition’s area has already been booked. Dome Exhibitions will organize the January 27-29 Abu Dhabi Real Estate and Investment Show –... 

Emaar leads pressure on Dubai index

Emaar Properties’ stock declined to its lowest price in three years yesterday after it broke through its critical support level of Dh9 and closed for the first time at Dh8.77. The decline in Emaar’s stock also created selling pressure on the Dubai Financial Market (DFM) General Index. The... 

Aldar leads the way in Abu Dhabi property resale monitoring

Abu Dhabi’s master developers are following in their Dubai neighbours’ footsteps and beginning to self-regulate the resale of developments in order to safeguard against speculators ‘flipping’ their purchases. This is, alongside soaring construction costs, is what analysts attribute... 

Probe to impact markets

The police investigation into alleged financial irregularities by top executives at mortgage lender Tamweel and developer Nakheel will cast a shroud of uncertainty tinged with gloom on the stock markets this week. The latest round follows similar probe into Deyaar Development and Dubai Islamic Bank earlier... 

Dubai stocks suffer worst fall in months

The Dubai Financial Market General Index yesterday plummeted 2.97 per cent, its biggest one-day drop in six months, falling 155.75 points to 5,094.56. The Abu Dhabi Securities Exchange Index slid 121.56 points or 2.55 per cent to close at 4,652.42. The market capitalisation fell by Dh21.67 billion on... 

ALDAR and IDG join hands to launch management development programme

ALDAR Properties, the leading integrated property development company, has commissioned the Inspirational Development Group (IDG), a leading UK provider of development programmes, to run a special management development programme for ALDARs UAE graduate and scholarship students. IDG has a partnering... 

Yas Island on schedule

ALDAR Properties, the leading integrated property development company said yesterday it was on schedule for completion of phase 1 infrastructure work on its multi-faceted entertainment destination, Yas Island. Key milestones have been achieved on the multi-billion dollar project, with over 30% of the...