All Posts in Tag: Abu Dhabi

Aldar Properties net profit rises by 52% to $350mn in Q2 2023

Record development sales and recurring income portfolio delivers 21% increase in revenue to $870 million Aldar Properties had a successful second quarter in 2023, with its net profit increasing by 52% to $350 million. The company’s record development sales and recurring income portfolio contributed to a 21% rise in revenue, totaling $870 million. For the…

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Aldar launches ‘Saadiyat Lagoons’ community exclusively for UAE nationals

The new development is located on the east side of Saadiyat Island, Abu Dhabi Introducing ‘Saadiyat Lagoons,’ an extraordinary residential development exclusively crafted for UAE nationals by Aldar Properties. Nestled on the picturesque east side of Saadiyat Island in Abu Dhabi, this luxurious community offers a serene oasis where residents can immerse themselves in a…

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In new redevelopment plans, Aldar increases investment in its retail portfolio to AED 1 Billion

Aldar Properties (“Aldar”)  announced a plan to invest AED 500 million in the redevelopment of Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah, two of its most important retail portfolio properties in the UAE. With this investment, Aldar has now committed AED 1 billion toward the redevelopment of important…

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Dubai makes history in 2023 to become world’s leading luxury property market, outpacing London, NY and Paris

The real estate market in Dubai saw 176 high-end property sales that exceeded $10 million during the January-June period, with some of the headline-grabbing deals, reveals a latest market report Dubai made history in 2023 by becoming the world’s leading luxury property market, generating close to $850 million (AED3.1 billion) from high-end residential units costing…

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Abu Dhabi real estate sees 363% surge in foreign investment

Foreign investment in Abu Dhabi real estate topped $227m between January and June 2023 The Abu Dhabi real estate sector has seen a 363 per cent surge in foreign direct investment (FDI) in the first six months of the year. The Department of Municipalities and Transport (DMT) announced that FDI in the individual category within Abu Dhabi’s real estate…

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