Aldar Properties

Aldar Properties PJSC (شركة الدار العقارية Sharikah al-Dār al-`Iqāriyyah) is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates. The company's shares are traded on the Abu Dhabi Securities Exchange. Principal shareholders are mostly state-owned Mubadala Development Company, Abu Dhabi Investment Authority, Abu Dhabi National Hotels, National Corporation for Tourism & Hotels, and the privately owned National Investor.[3]

Aldar Properties
Native name
شركة الدار العقارية
TypePublic
IndustryReal estate
Founded12 January 2004 (2004-01-12)
HeadquartersAbu Dhabi, UAE
Area served
Abu Dhabi
RevenueAED bn 6.2 (2016)
AED bn 2.8 (2016)
Total assetsAED bn 36 (2016)
Total equityAED bn 22 (2016)
Number of employees
≈500
Websitewww.aldar.com
Footnotes / references
,[1]

,[2]

[3]

Aldar develops and manages major projects within the Abu Dhabi Emirate such as Al Raha Beach, Al Raha Gardens and Yas Island, which includes the Yas Marina Circuit, Ferrari World and Yas Hotel Abu Dhabi.[4] Aldar introduced their new project “Lea” located in the north side of the Yas Island having beautiful collection of Residential Land. Lea at Yas Island offers waterfront living alongside parks, promenade and waterside walkways in addition simple access to all of Yas Acres amenities. The property portfolio further includes the company's headquarters, Gate and Arc Towers in Al Reem Island, Coconut Island, the Abu Dhabi Central Market (Souq), Al Jimi Shopping Centre, Noor Al Ain, Al Gurm Resort, and Al Mamoura – the Mubadala Development Company and Environment Agency Abu Dhabi Headquarters Building.

History

Aldar was founded on 12 January 2004.[5] The shares were listed in 2005.

In 2013 the company merged with Sorouh Real Estate.[6] The combined entity continues to operate under the Aldar name.

In December 2017, Aldar acquired the International Tower in Abu Dhabi.[7]

In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai.[8]

References
  1. Aldar Annual Report 2016
  2. About Aldar, Aldar website. Retrieved 2018-02-16.
  3. "Aldar LinkedIn profile". Retrieved 2018-02-16.
  4. "Lea Residential Plots at Yas Island by Aldar properties". Retrieved 2019-04-15.
  5. "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-10.
  6. ″Aldar merger kicks off new model for large consolidations,″ Financial Times. July 1, 2013.
  7. "Aldar Properties Acquires International Tower for AED 658 MLN," Reuters. December 20, 2017.
  8. "Aldar and Emaar alliance a gamechanger for UAE realty market," Gulf News. March 17, 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.