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Tag: Aldar

Construction & Real Estate

Aldar's net profit surges 20pc in Q1 to $626m

Leading Abu Dhabi developer Aldar Group has recorded strong financial and operational results for the first quarter with a 20% jump in its net profit which rose to AED2.3 billion ($626 million), driven by the realisation of development revenue backlog which hit AED72.1 billion ($19.6 billion). ...

Construction & Real Estate

Aldar announces sale of 80pc residential units in Yas Island development

Leading UAE developer Aldar has sold 80% of the homes released at its key project - Yas Park Place - located in the heart of Yas Island, Abu Dhabi generating over AED800 million ($218 million) in sales. A mid-rise residential community, it features six buildings offering a collection of studios, one-, two- and three-bedroom homes. ...

Construction & Real Estate

Aldar, Mubadala acquire 'The Link' at Masdar City for $178m

Leading Abu Dhabi entities - Aldar and Mubadala Investment Company (Mubadala) - have completed the acquisition of The Link at Masdar City for AED654 million ($178 million). A premium landmark, The Link comprises 32,000 sq m of net leasable area across five buildings. ...

Construction & Real Estate

Aldar announces $762m residential development plan in Abu Dhabi

Leading UAE developer Aldar is set to build two integrated communities in Mohamed Bin Zayed City and Baniyas in Abu Dhabi that will deliver 9,000 new residential units across the emirate. With AED2.8 billion ($762 million) gross development value, these projects will add to Aldar’s develop-to-hold pipeline. ...

Construction & Real Estate

Aldar launches first phase of premium Abu Dhabi mid-rise community project

Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new garden-led living concept in the heart of Yas Island in Abu Dhabi, featuring six architecturally-refined mid-rise buildings offering a collection of studios and one- to three-bed residences as well as two-bedroom duplexes. ...

Construction & Real Estate

Aldar commits AED100m to orphans initiative

Aldar, a leading developer based in the UAE, has committed AED100 million ($27.2 million) to the “Mother of the Nation Endowment for Orphans” initiative, launched by the Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi....

Construction & Real Estate

Aldar unveils 740-unit Wilds Residences in Dubai

Leading Abu Dhabi developer Aldar has announced the launch of The Wilds Residences, a prime project featuring six mid-rise apartment buildings nestled within The Wilds, the company’s landmark nature-driven community in Dubai. It boasts 740 apartments with a mix of one- to three-bedroom units. ...

Construction & Real Estate

Aldar awards $18bn development contracts across UAE in 2025

Leading Abu Dhabi developer Aldar said it had awarded contracts worth AED66 billion ($18 billion) in 2025, covering a diverse portfolio of residential, commercial, infrastructure, and logistics projects, thus underscoring the continued pace of development across the UAE. ...

Construction & Real Estate

Aldar adds key land plots with $6.26bn development value

Aldar has added a number of strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED23 billion ($6.26 billion), further reinforcing Aldar’s landbank strength and providing a pipeline for sustained, long-term growth across the capital’s most attractive development corridors....

Construction & Real Estate

Mubadala, Aldar in landmark $16bn Al Maryah Island expansion deal

Mubadala and Aldar have announced a landmark AED60 billion ($16.3 billion) expansion of Abu Dhabi’s financial district on Al Maryah Island. The development will deliver 1.5 million sq m GFA including Grade A offices, luxury homes, retail and hospitality space. ...

Construction & Real Estate

Aldar's 9-month profits up 43% to $1.85bn

Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion)....

Construction & Real Estate

Aldar to develop $1bn residential communities in Yas Island

Leading Abu Dhabi developer Aldar has announced a series of develop-to-hold projects at Al Shamkha, Yas Island worth AED3.8 billion ($1.03 billion). These will add over 2,600 residential units to the emirate’s housing supply. ...