ABU DHABI, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and asset manager, has announced a AED 1 billion investment to expand its logistics real estate business in Dubai and Abu Dhabi. The investment covers the acquisition of operational assets and the development of new Grade A logistics facilities to meet the strong…
Tag: Aldar Properties
Aldar to invest AED 500 million in revamping two malls in the UAE
ABU DHABI, UAE: Aldar Properties announced an AED 500 million investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain, and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED 1 billion. The company…
Aldar Estates to merge with Eltizam in property and facilities management deal
ABU DHABI, UAE: Aldar Properties PJSC, International Holding Company (IHC), and ADNEC Group have announced that they will merge their jointly owned property and facilities management businesses within the Aldar Estates platform, creating a regional leader in the sector. The merger will see IHC and ADNEC Group, a subsidiary of ADQ, become strategic shareholders in…
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
ABU DHABI, UAE: UAE based conglomerate, Alpha Dhabi Holding has acquired an additional 17% shareholding of Aldar Properties PJSC, one of the UAE’s leading real estate development, management, and investment groups. The acquisition will increase Alpha Dhabi Holding’s shares in Aldar Properties to 29.8%, making it one of the largest shareholders. Eng. Hamad Salem Mohamed…
Aldar to create 1,000 jobs for UAE nationals by 2026
ABU DHABI, UAE: Aldar Properties will create employment opportunities for 1,000 UAE nationals over the next five years in line with the ambitious Emiratisation goals set out in the UAE’s ‘Projects of the 50’ initiative. The announcement reaffirms the company’s commitment to increase Emiratisation levels in the private sector and develop the next generation of…
Aldar launches first residential land community on Saadiyat Island
ABU DHABI, UAE: Aldar Properties has launched today its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED 722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is the first land plot development to be launched on Saadiyat Island since the introduction of…