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Aldar

Aldar Properties has unveiled a Dhs40 billion mixed-use development on Fahid Island, a 3.4 million square metre natural island situated between Yas and Saadiyat Islands in Abu Dhabi. The project aims to transform the island into a premier coastal wellness destination, featuring over 4,000 residential units, retail outlets, hospitality venues, and community facilities.

The first phase, Fahid Beach Residences, will comprise seven beachfront buildings, each housing 65 residences, offering a blend of apartments, townhouses, and ultra-luxury beach and mangrove villas. The development capitalises on the island’s 11 km of waterfront, including 4.6 km of pristine beaches and iconic mangroves, providing residents with prime sea views and direct beach access.

Aldar acquired the island for AED 2.5 billion, with the acquisition consideration to be paid over five years. The gross development value of the project stands at AED 26 billion. The development will include a school, retail and hospitality offerings, and a wide array of community facilities, aiming to create a vibrant and integrated community.

The project emphasises sustainability, with eco-friendly construction practices and measures to protect local wildlife and preserve natural resources. The lush mangroves surrounding the island are to be preserved, enhancing the area’s natural ecosystem.

Aldar’s CEO, Talal Al Dhiyebi, stated that the acquisition solidifies the company’s presence on the Yas-Saadiyat corridor and strengthens its ability to deliver sustainable value to Abu Dhabi and its communities. Jonathan Emery, CEO at Aldar Development, noted that Al Fahid Island presents a robust pipeline of development activity, catering to the strong appetite for ultra-luxury products in Abu Dhabi’s premier locations.

Engie-backed National Central Cooling Company, known as Tabreed, and private equity firm CVC Capital Partners have entered exclusive negotiations to acquire PAL Cooling Holding , the district cooling arm of Abu Dhabi’s Multiply Group. The transaction is expected to value the business at approximately $1.1 billion, according to individuals familiar with the matter.

The joint bid by Tabreed and CVC emerged as the leading offer among several contenders, including KKR, I Squared Capital, Investcorp, and Abu Dhabi National Energy Company . Discussions have now progressed to a bilateral phase between the preferred bidders and Multiply Group, a subsidiary of International Holding Company , chaired by Sheikh Tahnoon bin Zayed Al Nahyan.

PAL Cooling Holding operates six district cooling plants in Abu Dhabi, with a combined installed capacity of approximately 139,800 refrigeration tonnes. The company maintains long-term service agreements with prominent real estate developers such as Aldar Properties and Reem Developers, providing chilled water for air conditioning to a range of commercial and residential properties across the emirate.

District cooling systems, which distribute chilled water through insulated pipes to multiple buildings, offer a more energy-efficient and environmentally friendly alternative to traditional air conditioning. These systems are particularly prevalent in the Gulf region, where summer temperatures can exceed 50 degrees Celsius, making efficient cooling solutions essential for urban infrastructure.

The potential acquisition aligns with Tabreed’s strategic expansion plans. The company currently operates over 80 district cooling plants across the Middle East, delivering more than 1.2 million refrigeration tonnes of cooling capacity. Tabreed’s portfolio includes high-profile projects such as the Burj Khalifa, Sheikh Zayed Grand Mosque, and the Dubai Metro.

CVC Capital Partners, headquartered in Luxembourg, has been actively seeking investment opportunities in the Middle East, reflecting a broader trend among international private equity firms. The region’s push to diversify economies away from oil dependency has made sectors like sustainable infrastructure increasingly attractive to foreign investors.

Multiply Group, the seller in this transaction, is an investment holding company with interests spanning media, utilities, and technology. The divestment of its district cooling unit is part of a strategic realignment to focus on core business areas. The company had engaged Standard Chartered Bank to explore potential buyers for PCH earlier this year.

Following reports of the exclusive talks, Tabreed’s shares experienced a 4.3% increase, reaching 2.68 dirhams during midday trading on the Abu Dhabi Securities Exchange. This uptick reflects investor optimism regarding the company’s growth prospects and the strategic value of the potential acquisition.

All 133 units of the Waldorf Astoria Residences Yas were sold out on launch day, generating AED 850 million in sales. This marks the first branded residential development on Yas Island, reflecting a significant demand for luxury living in Abu Dhabi.

Aldar Properties, the developer behind the project, reported that the swift sell-out underscores Yas Island’s growing appeal as a premier destination for both investors and residents seeking upscale living experiences. The development’s success is attributed to its prime location, waterfront views, and association with the Waldorf Astoria brand, known for its luxury and service excellence.

The residences, part of a broader strategy by Aldar to introduce iconic hospitality brands to Abu Dhabi, are situated near key leisure and entertainment attractions on Yas Island. This aligns with Aldar’s AED 1.5 billion investment programme aimed at transforming its hospitality portfolio to cater to the growing demand for premium experiences in the emirate.

The rapid sell-out of the Waldorf Astoria Residences Yas follows similar successes by Aldar, including the complete sale of Yas Riva, a luxury canal-front community, within 24 hours, generating over AED 1.4 billion in sales. These developments highlight the robust demand for high-end residential properties in Abu Dhabi, particularly among younger buyers and international investors.

The trend indicates a shift towards branded residences that offer not only luxurious accommodations but also a lifestyle associated with renowned hospitality brands. Aldar’s strategic partnerships with global brands like Waldorf Astoria and IHG’s Vignette Collection are central to this approach, aiming to enhance Abu Dhabi’s position in the global luxury real estate market.

The UAE’s real estate sector recorded transactions exceeding AED239 billion in the first quarter of 2025, driven by investor confidence, regulatory reforms, and a robust pipeline of developments. A total of 94,719 sales, purchase, and mortgage deals were registered across Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, signalling a strong start to the year for the property market.

Dubai led the surge with 45,474 transactions valued at AED142.7 billion, marking a 22% increase in volume and a 30% rise in value compared to the same period in 2024. The ready property segment achieved its highest quarterly performance in over a decade, with 20,034 transactions worth AED87.5 billion. Off-plan sales also remained robust, accounting for 25,440 transactions valued at AED55.2 billion. This growth reflects sustained demand from both end-users and investors, supported by a shift from renting to owning amid rising rental prices.

Abu Dhabi’s real estate market also demonstrated significant growth, with transaction values increasing by 34.5% to AED25.3 billion across 6,896 deals. Saadiyat Island emerged as the leading area for real estate transactions, recording deals amounting to AED5.6 billion, followed by Yas Island with AED3.6 billion and Mohammed Bin Zayed City with AED2.1 billion. The emirate’s focus on high-value existing homes indicates a maturing and strategic market movement.

Sharjah reported a 31.9% increase in real estate transactions, totaling AED13.2 billion across 24,597 deals. Muwailih Commercial led the sales with 1,787 transactions worth AED1.9 billion. The growth is attributed to legislative changes allowing foreign ownership in specific areas, enhancing the emirate’s position on the global real estate investment map.

Ajman recorded 15,125 real estate transactions in 2024, with a value totaling AED20.5 billion, marking a 21% growth compared to 2023. The numbers indicate the emirate’s upward trajectory in real estate, supported by modern infrastructure and a wide array of investment opportunities.

Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, noted that the UAE’s real estate boom is fuelled by the country’s broader economic and cultural progress, making it one of the world’s most attractive destinations for living, working, and investing. He highlighted that 40% of property buyers are international, reflecting the growing interest in the region.

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Abu Dhabi’s Yas Island is set to welcome its first Waldorf Astoria Residences, marking a significant collaboration between Aldar Properties and Hilton. This development introduces the luxury brand’s residential concept to the capital, aligning with Aldar’s broader strategy to enhance its hospitality portfolio.

The Waldorf Astoria Residences will be situated along the Yas Links Golf Course, offering residents panoramic views of the fairways and the Arabian Gulf. The project encompasses a selection of premium furnished apartments and penthouses, complemented by top-tier amenities and services synonymous with the Waldorf Astoria brand. This initiative is part of Aldar’s AED 1.5 billion investment aimed at transforming its hospitality assets to cater to the growing demand for luxury accommodations in Abu Dhabi.

Jonathan Emery, Chief Executive Officer at Aldar Development, and Daniel Wakeling, Vice President Development Luxury & Residences, EMEA, at Hilton, formalised the partnership in the presence of Talal Al Dhiyebi, Aldar’s Group Chief Executive Officer. The collaboration underscores Aldar’s commitment to introducing iconic global hospitality brands to the region, enhancing Abu Dhabi’s appeal as a premier tourism and leisure destination.

The Waldorf Astoria Residences on Yas Island are part of a larger transformation plan that includes rebranding the Eastern Mangroves hotel into a Waldorf Astoria luxury resort. This resort will feature 167 guest rooms and suites, many with views of the adjacent Mangrove National Park, and will offer amenities such as a brasserie, rooftop specialty restaurant, and the brand’s signature Peacock Alley lounge. Guests will also benefit from a Personal Concierge service, ensuring a tailored and seamless experience.

In addition to the developments on Yas Island, Aldar is undertaking significant upgrades across its hospitality portfolio. The Yas Plaza Hotels complex will be reimagined under the IHG brand, transforming the six-hotel complex into the largest Vignette Collection resort globally. This rebranding includes the addition of beachfront suites and access to a private beach, enhancing the resort’s appeal to both international and local guests.

Further afield, Aldar is repositioning its desert resort in the Al Dhafra region, formerly known as Tilal Liwa, into a luxury desert escape under the Vignette Collection brand. Enhancements will include new luxury suites, curated desert experiences, and upgraded facilities such as a kids club and spa. Nurai Island is also undergoing a major refurbishment and expansion to elevate its status as Abu Dhabi’s ultra-luxury island destination.

These strategic developments align with Abu Dhabi’s broader vision to boost tourism, with the Department of Culture and Tourism aiming to attract 39.3 million visitors by 2030. The emirate has already seen a 27% increase in hotel guests in 2023 compared to the previous year, with international guest arrivals rising by 54%. The opening of the new terminal at Zayed International Airport, capable of accommodating 45 million passengers annually, further supports this growth trajectory.

Carlos Khneisser, Vice President of Development, Middle East & Africa at Hilton, expressed enthusiasm about the partnership, stating, “We are delighted to have signed Abu Dhabi’s first Waldorf Astoria, which will enjoy an unrivalled location overlooking the Mangrove National Park. With its anticipatory service and timeless elegance, it is set to be a destination of choice for those seeking modern luxury in the capital.”

Aldar Properties has announced a partnership with Hilton to develop Abu Dhabi’s first Waldorf Astoria Residences, marking the debut of branded residences on Yas Island. The project, situated along the Yas Links Golf Course, will offer premium furnished apartments and penthouses with views of the fairways and the Yas Marina Circuit.

The partnership was formalised by Jonathan Emery, CEO of Aldar Development, and Daniel Wakeling, Vice President Development Luxury & Residences, EMEA, at Hilton, in the presence of Aldar’s Group CEO, Talal Al Dhiyebi. Al Dhiyebi stated that the collaboration would bring the Waldorf Astoria brand to Abu Dhabi for the first time, enhancing the emirate’s position as a global destination for investment and long-term residency.

Daniel Wakeling highlighted the region’s growing demand for luxury branded residences and expressed Hilton’s commitment to delivering exceptional properties that offer a luxury living experience with world-class amenities and service excellence. The Waldorf Astoria Residences Yas Island will be launched for sale in the coming weeks.

Residents will have access to nearby attractions including Ferrari World, Warner Bros. World Abu Dhabi, SeaWorld Abu Dhabi, and Etihad Arena, as well as the Gardenia Bay waterfront promenade and the mangroves of West Yas. The development is part of Aldar’s strategy to deliver unique lifestyle destinations in the UAE and reflects the increasing demand for luxury branded residences in the region.

Kuwait’s Combined Group Contracting Company has secured a significant contract through its UAE subsidiary, CGCC-UAE, to deliver infrastructure maintenance services in Abu Dhabi. The deal, worth approximately 1.012 billion UAE dirhams , has been awarded by leading property developer Aldar Properties. This contract, focused on the Al-Nahda area near the Al-Ain motorway, will run for a period of 914 days, marking a notable achievement for CGCC-UAE in the competitive UAE market.

The infrastructure maintenance services outlined in the contract are essential for the upkeep and development of the region, which has seen growing interest from both residential and commercial sectors. Al-Nahda, situated in close proximity to major transport routes, is an area with significant development potential, positioning it as an ideal location for a project of this scale. Aldar Properties, renowned for its ambitious projects across the UAE, is known for its meticulous approach to urban development and infrastructure.

CGCC-UAE’s involvement in this project signifies a key step in the company’s strategy to expand its footprint in the UAE’s infrastructure sector. The project is poised to contribute substantially to CGCC’s revenues over the next two and a half years, aligning with the company’s long-term goals of securing high-value contracts in the region. The company’s experience in handling large-scale projects and its strong reputation in the construction industry have been pivotal in securing this deal.

Aldar Properties, which has a diverse portfolio of residential, commercial, and retail developments, continues to focus on enhancing its infrastructure to support the growing needs of the UAE’s population. The collaboration with CGCC-UAE reflects Aldar’s commitment to maintaining its high standards of construction and operational excellence.

The contract’s value places it among the noteworthy infrastructure projects currently underway in the UAE, an economy that has shown resilience and growth even amid global challenges. As the country continues to diversify its economy, large-scale infrastructure projects such as this one are essential to supporting both urban expansion and sustainability goals.

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A high-stakes bidding war is unfolding for PAL Cooling Holding , the district cooling subsidiary of Abu Dhabi’s Multiply Group, with global asset managers vying for a deal estimated at approximately $1 billion. Among the contenders are KKR, I Squared Capital, Investcorp, and CVC Capital Partners, the latter collaborating with Engie-backed National Central Cooling Company, known as Tabreed. Abu Dhabi’s energy firm TAQA is also reportedly evaluating a bid.

PCH, established in 2006, operates six state-of-the-art district cooling plants across Abu Dhabi, boasting a designed capacity of nearly 193,800 refrigeration tonnes . The company maintains long-term agreements with prominent developers such as Aldar Properties, Al Qudra, Al Tamouh Investment, and Reem Developers. Its services provide 24/7 chilled water for air conditioning to landmark residential, commercial, and mixed-use developments, contributing to the UAE’s strategy to reduce carbon emissions.

The sale of PCH aligns with Multiply Group’s broader strategy to capitalize on the construction boom in the UAE. The investment firm, controlled by International Holding Company and chaired by Sheikh Tahnoon bin Zayed Al Nahyan, is working with Standard Chartered Plc on the transaction. Sheikh Tahnoon, a key figure in the UAE’s ruling elite, oversees a sprawling business empire, including two sovereign wealth funds.

The district cooling sector in the Gulf region is experiencing significant growth, driven by the need for energy-efficient and environmentally friendly alternatives to traditional air conditioning. District cooling systems, which deliver chilled water via insulated pipes to cool buildings, are particularly suited to the region’s climate, where summer temperatures can exceed 50 degrees Celsius. These systems are approximately 50% more energy-efficient than conventional cooling methods, making them an attractive investment for firms focusing on sustainable infrastructure.

Tabreed, a major player in the district cooling industry, has been expanding its portfolio through strategic partnerships. The company, with significant shareholders including Mubadala and Engie , recently entered a joint venture with Dubai Holding Investments to provide district cooling services for Palm Jebel Ali in Dubai. This AED 1.5 billion project aims to deliver approximately 250,000 RTs of cooling capacity, with construction expected to commence in the second quarter of 2025 and the first cooling services anticipated by 2027.

Aldar Investment Properties , a subsidiary of Aldar Properties, has successfully issued a $500 million 10-year green sukuk, significantly enhancing its financial standing. The issuance witnessed remarkable investor interest, with the order book surpassing $3.6 billion, indicating an oversubscription rate of 7.2 times. Regional investors accounted for 61% of the allocations, while international investors took up the remaining 39%. The sukuk was competitively priced at a spread […]

Aldar Properties has announced ‘The Wilds,’ a groundbreaking residential development in Dubai that seamlessly blends luxury living with natural habitats. This initiative, in partnership with Dubai Holding, introduces a community designed to harmonize modern residences with diverse wildlife and lush greenery. Strategically located along Sheikh Mohammed bin Zayed Road, opposite Global Village, ‘The Wilds’ is set to become a sanctuary for families and nature enthusiasts. The development […]

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Rajiv Jain, the billionaire founder and chairman of Florida-based investment firm GQG Partners, is actively expanding his investment footprint in the United Arab Emirates and Saudi Arabia. Following significant deals with prominent UAE entities such as International Holding Company , Aldar Properties, and ADNOC Gas, Jain is exploring further opportunities in these burgeoning markets. GQG Partners, managing assets worth approximately $160.4 billion, has recently executed a substantial […]

Aldar Properties PJSC has secured a $2.45 billion (AED 9 billion) sustainability-linked syndicated revolving credit facility, marking the largest such deal by a real estate company in the Middle East. This five-year senior unsecured facility comprises both conventional and Islamic tranches in UAE dirham and US dollar currencies, enhancing Aldar’s liquidity to approximately AED 27 billion.

The syndication attracted participation from 15 prominent international and regional financial institutions, including Abu Dhabi Commercial Bank, Bank of China, Citi, Dubai Islamic Bank, HSBC, and J.P. Morgan. This broad participation underscores the strong confidence in Aldar’s creditworthiness and strategic growth plans.

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, stated that the facility is a significant milestone reflecting the trust and confidence that global and regional banks place in Aldar’s business model and growth trajectory. He emphasized that this facility, along with a recent $1 billion hybrid notes issuance, positions Aldar to drive strategic initiatives and capitalize on emerging opportunities.

The facility is linked to sustainability performance targets, showcasing Aldar’s commitment to measurable environmental, social, and governance (ESG) objectives. By integrating sustainability into its financing framework, Aldar reinforces its position as a leader in sustainable growth while supporting its broader ambitions of creating long-term value for stakeholders.

Aldar Properties, a prominent real estate developer based in the UAE, is set to enter the international bond market with its debut offering of hybrid notes, aiming to raise significant capital through a benchmark USD-denominated issuance. This marks a strategic move as the company seeks to diversify its financing options, reflecting growing confidence in the Middle Eastern property sector despite global economic fluctuations.

The move is seen as a key step in Aldar’s long-term financing strategy, which includes bolstering its liquidity and securing funds to support its extensive pipeline of real estate developments across the UAE. The planned issuance of hybrid bonds will likely appeal to institutional investors seeking higher returns, as these notes are designed to offer a more attractive yield compared to traditional debt instruments.

According to industry experts, hybrid notes offer the flexibility of both equity and debt instruments. These securities typically carry characteristics of bonds but can be converted into equity at the issuer’s discretion. In Aldar’s case, the hybrid notes will be structured to provide flexibility while enhancing the company’s capital base. This initiative is aligned with Aldar’s goal of optimizing its balance sheet while maintaining a competitive edge in the rapidly evolving real estate market.

The hybrid bonds will be issued under Aldar’s recently updated USD 2 billion Global Medium-Term Note (GMTN) program, which was approved earlier this year. The company intends to use the funds raised through this issuance to support its growth initiatives, which include several high-profile residential and commercial projects within Abu Dhabi and across the UAE. These developments are expected to contribute to the company’s steady revenue stream and help it capture a larger share of the region’s expanding real estate market.

Aldar’s decision to tap into the hybrid bond market comes at a time when investors have shown increased interest in hybrid instruments due to their unique risk-return profile. With these notes, Aldar is looking to capitalize on favorable market conditions while maintaining its financial flexibility, as hybrid securities are less sensitive to interest rate fluctuations compared to traditional debt.

The UAE’s thriving real estate sector has demonstrated resilience, despite global challenges such as inflationary pressures and geopolitical tensions. Aldar’s strong performance in recent years, along with its reputation for high-quality developments, positions the company well to attract investor interest in its hybrid bond offering. Analysts predict that the offering could provide Aldar with a competitive advantage, allowing the company to continue its expansion plans while managing financial risk more effectively.

Aldar’s hybrid notes will appeal to both global and regional investors, with its strategic location and robust development pipeline making it an attractive investment opportunity. The company’s portfolio includes high-profile projects like the Yas Bay waterfront development, which features residential, commercial, and entertainment spaces. These iconic projects are poised to enhance the company’s brand recognition and drive future demand for its properties, ultimately increasing the potential for returns on hybrid bond investments.

Investor interest in the UAE’s real estate market remains strong, particularly in Abu Dhabi, where Aldar holds a dominant position. The UAE’s government initiatives, including plans to diversify the economy and improve infrastructure, have further contributed to the positive outlook for the sector. These factors, combined with Aldar’s track record of successful developments, are expected to bolster investor confidence in the company’s bond issuance.

The company’s strategy of diversifying its capital structure by incorporating hybrid securities is not only about raising funds but also about ensuring sustainable growth in a competitive market. By issuing hybrid bonds, Aldar is able to strengthen its capital position without overly diluting equity or taking on excessive debt. This approach ensures the company can maintain a healthy balance sheet while executing its ambitious growth plans.

Aldar’s hybrid notes offering is part of a larger trend within the Middle Eastern real estate market, where companies are increasingly turning to innovative financing structures to meet their funding needs. As other regional developers explore similar hybrid instruments, Aldar’s move could set a precedent for future debt issuances in the sector. It also reflects the growing maturity of the Middle East’s bond market, which is attracting increasing attention from international investors.

Market experts believe the debut hybrid notes from Aldar will be a bellwether for other companies in the region. Should the offering meet with strong demand, it could encourage further issuances from both established developers and newer market entrants. This would signal an increasing acceptance of hybrid securities as a viable alternative to traditional financing methods, which may have been less attractive due to rising interest rates and market volatility.

Aldar Properties has announced the acquisition of a Dh2.3 billion commercial tower located within Dubai International Financial Centre (DIFC). This development, which spans 40 floors, is set to be a significant addition to DIFC’s vibrant commercial landscape. Slated for completion by 2028, the project will integrate office and retail spaces designed to attract both businesses and investors looking for prime real estate within one of the region’s leading financial hubs.

The acquisition underscores Aldar’s expanding footprint in the UAE’s property sector, with the developer increasingly diversifying its portfolio across emirates and internationally. Known primarily for its strong presence in Abu Dhabi, Aldar has recently shifted focus to other lucrative markets such as Dubai and Ras Al Khaimah, complementing its projects in global locations including Egypt, London, and Western Europe.

This latest venture comes amidst Aldar’s robust financial performance in 2023. The company recorded a net profit surge of 40%, reaching Dh4.4 billion, supported by a 26% rise in revenue to Dh14.2 billion. This financial momentum is attributed to sustained demand for off-plan properties and strategic forays into new market segments. The company’s development backlog, which doubled to Dh36.8 billion by year-end, provides a steady stream of income visibility for the foreseeable future.

The DIFC tower acquisition aligns with Aldar’s strategy of capitalizing on high-growth urban markets. DIFC, a pivotal financial district housing leading multinational firms, offers the strategic advantage of proximity to global businesses and professionals. The newly acquired project is expected to bolster the area’s profile as a hub for commerce and innovation.

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Aldar Properties, Abu Dhabi’s largest real estate developer, has finalized the acquisition of a prominent commercial tower in Dubai’s International Financial Centre (DIFC) for a staggering 2.3 billion dirhams ($626 million). This deal marks one of the most significant property transactions in the region’s commercial real estate sector in recent years. The commercial tower, a key asset located in one of Dubai’s prime financial districts, was sold […]

Aldar Properties, the prominent real estate developer from Abu Dhabi, has made a significant move to expand its footprint in Dubai by acquiring key commercial properties and planning landmark projects. These ventures underline Aldar’s commitment to tapping into the growing demand for premium office spaces in one of the region’s most dynamic business hubs.

The acquisition of a commercial tower in Dubai International Financial Centre (DIFC), formerly owned by H&H Development, positions Aldar as the sole developer with major commercial assets in both the Abu Dhabi Global Market (ADGM) and DIFC. This strategic purchase reinforces its status as a key player in the UAE’s real estate sector. This tower boasts state-of-the-art facilities and prime positioning, adding to Aldar’s growing portfolio of high-grade commercial properties.

Simultaneously, Aldar unveiled plans to develop a Grade A office tower along Sheikh Zayed Road near DIFC. Designed with premium office spaces and luxury amenities, the development is set to include a boutique hotel and branded residences. The project, located on one of Dubai’s last undeveloped double plots, will enhance connectivity with its proximity to major transport hubs, such as the Emirates Towers Metro Station.

These investments align with Aldar’s strategy to diversify its portfolio beyond residential and retail projects. Dubai has been identified as a priority growth market, as the company continues to explore opportunities in the emirate’s flourishing commercial real estate landscape. The acquisition also complements Aldar’s existing projects in Dubai, such as its developments in Dubai Internet City, further cementing its role in shaping the emirate’s commercial property offerings.

With an investment value exceeding AED 1.8 billion, Aldar’s ventures in Dubai are anticipated to contribute to economic growth and job creation while catering to the evolving needs of businesses seeking high-quality spaces in the UAE. This expansion comes amid strong demand for office properties, spurred by Dubai’s status as a global business hub and the economic diversification initiatives driving regional development.

Aldar Properties has unveiled its highly anticipated Mamsha Gardens development, situated on the pristine Saadiyat Island in Abu Dhabi. This luxury destination promises to blend the sophistication of residential living with the allure of resort-style amenities, offering a new standard of living in one of the UAE’s most coveted locations. The announcement comes amid growing demand for high-end living spaces on Saadiyat Island, which continues to emerge as a hub for culture, leisure, and investment.

The project features a mix of contemporary design and luxurious accommodations, with expansive gardens and stunning views of the island’s coastline. Located within the cultural district of Saadiyat Island, the development is strategically placed near several renowned institutions, including the Louvre Abu Dhabi and the Guggenheim Museum. These world-class attractions are expected to further enhance the appeal of Mamsha Gardens, attracting a blend of international buyers, investors, and affluent residents seeking a vibrant and serene living environment.

Designed by leading architects, Mamsha Gardens encompasses a variety of luxury residential units, including beachfront villas and modern apartments. The villas are equipped with private pools, spacious terraces, and expansive windows that provide unobstructed views of the sea and the surrounding natural landscapes. The apartments, ranging from one to three bedrooms, are designed to offer flexibility for families and individuals, all while ensuring privacy and exclusivity.

In addition to its aesthetic appeal, Mamsha Gardens is designed with a focus on sustainability. The development integrates green technologies to reduce its environmental footprint, including energy-efficient systems and eco-friendly building materials. This emphasis on sustainability reflects a broader trend in the UAE’s real estate market, where developers are increasingly prioritizing eco-conscious designs in response to growing environmental awareness among consumers.

The amenity offering at Mamsha Gardens further enhances its appeal. The development boasts a variety of leisure facilities, including a state-of-the-art gym, dedicated yoga studios, and a series of outdoor sports courts. Residents will also have access to a private beach, ensuring a resort-like atmosphere at their doorstep. Moreover, the project includes landscaped gardens, jogging tracks, and recreational areas designed to cater to families and individuals looking to enjoy an active lifestyle in a peaceful and luxurious setting.

The launch of Mamsha Gardens aligns with Aldar Properties’ broader strategy to strengthen its position as a leader in the UAE’s real estate sector. The company has made significant strides in delivering iconic residential and mixed-use developments, such as the Yas Bay Waterfront and Al Raha Beach. With the growing appeal of Saadiyat Island, Aldar is positioning Mamsha Gardens as one of the most sought-after destinations for those looking for premium real estate in Abu Dhabi.

The development is expected to attract both domestic and international buyers, particularly those seeking a luxurious lifestyle close to cultural landmarks and world-class amenities. With Saadiyat Island’s transformation into a premier cultural and leisure destination, the demand for high-end residential properties is on the rise, and Mamsha Gardens is set to capitalize on this trend. The project also reflects a broader shift in the UAE’s real estate market towards more integrated and community-focused developments that combine residential, leisure, and cultural experiences.

In terms of investment potential, Mamsha Gardens is expected to deliver solid returns, thanks to the strategic location on Saadiyat Island and the high level of interest in properties that offer both luxury and proximity to cultural landmarks. The project has been designed to cater to the growing demand for integrated living spaces, which provide residents with the convenience of modern amenities combined with the tranquility of a resort-style environment.

Saadiyat Island itself has seen significant development in recent years, with Aldar spearheading several projects aimed at enhancing the island’s global appeal. As a cultural epicenter, the island is poised to continue attracting international interest from both tourists and investors, with Mamsha Gardens serving as a key component in its broader vision.

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Aldar has unveiled a joint venture to spearhead a $476 million real estate development in Expo City Dubai, marking a significant move in the Emirate’s property market. The collaboration, which brings together Aldar and Dubai Holding, is expected to fuel Expo City’s transformation into a premier residential and commercial hub. The partnership will develop approximately 38,000 square meters of land within the city, with a focus on sustainability, innovation, and high-end living. This latest announcement is viewed as a strategic step for Aldar as it seeks to expand its portfolio and strengthen its presence in Dubai’s booming property sector.

Expo City Dubai, originally conceived as a site for the World Expo 2020, has been gradually transformed into a multi-functional district, serving residential, business, and entertainment needs. Aldar’s latest development aims to further enhance this district by introducing a series of new residential complexes designed to cater to the increasing demand for upscale living spaces. The development is anticipated to attract both residents and businesses looking to benefit from Expo City’s strategic location and well-established infrastructure.

This project comes at a time when the UAE’s property market is experiencing steady growth, with rising demand for luxury homes and commercial spaces. The collaboration between Aldar and Dubai Holding will leverage the strengths of both entities, with Aldar contributing its expertise in real estate development and Dubai Holding providing prime land and access to Expo City’s robust infrastructure. The project’s primary goal is to create an integrated community that aligns with Expo City’s vision of becoming a leading global destination for business, leisure, and sustainable living.

Aldar, headquartered in Abu Dhabi, has been expanding its footprint in Dubai’s real estate market over the past few years. This joint venture highlights the developer’s ambitions to play a more prominent role in shaping Dubai’s urban landscape. Aldar’s CEO has emphasized that the project will not only contribute to the city’s economic growth but also help position Dubai as a leading destination for property investment. The development, he said, aligns with the UAE’s long-term strategy to diversify its economy and boost its non-oil sectors, particularly real estate and tourism.

Expo City, which has retained much of its infrastructure and facilities from the World Expo, has seen an uptick in investment since the event concluded. Aldar’s project is one of several high-profile developments slated for the area, which is expected to attract both domestic and international buyers and investors. The city is being marketed as a hub for sustainability, innovation, and connectivity, with easy access to key locations such as Al Maktoum International Airport, Jebel Ali Port, and major highways connecting it to Abu Dhabi and the rest of Dubai.

With a focus on environmental sustainability, the development will incorporate energy-efficient designs and technologies, in line with the UAE’s broader sustainability goals. Aldar has a strong track record of integrating eco-friendly features into its projects, and this new venture is expected to follow suit, offering smart homes, green spaces, and pedestrian-friendly environments. Such features are increasingly sought after by buyers in the UAE, where the government has been promoting sustainable urban development as part of its Vision 2030 plan.

Dubai’s real estate market has shown resilience over the past year, with property prices and transactions rebounding after a challenging period due to the pandemic. Experts in the industry are optimistic about the future, pointing to Expo City’s unique selling points and its role in Dubai’s broader urban development plans. Aldar’s involvement in such a high-profile project further cements its status as one of the leading developers in the UAE, and the collaboration with Dubai Holding is expected to bring considerable synergies to the development.

Aldar’s focus on high-end residential units in this project aligns with the broader trend in Dubai’s property market, where luxury homes and apartments have seen significant growth in demand. The influx of high-net-worth individuals, particularly from Europe and Asia, has driven the expansion of the luxury segment, with properties in premium locations commanding higher prices. Aldar and Dubai Holding’s joint venture is well-positioned to capitalize on this trend, offering a blend of exclusivity, innovation, and strategic location within Expo City.

Dubai Holding, which manages an extensive portfolio of assets across multiple sectors, is expected to play a crucial role in facilitating the development’s integration with the rest of Expo City. As a key player in Dubai’s real estate and infrastructure sectors, Dubai Holding has the resources and expertise to ensure the success of this venture. Both companies have expressed confidence in the project’s potential to contribute to the city’s long-term vision of becoming a global hub for trade, tourism, and investment.

The new development is also expected to create numerous job opportunities, both during the construction phase and after the project’s completion. Expo City has already seen significant interest from businesses looking to set up offices in the area, and Aldar’s project will likely further boost its appeal as a commercial center. The mixed-use nature of the development means that it will cater to both residential and business needs, creating a dynamic community that reflects the diverse nature of Dubai’s population and economy.

Aldar Properties has embarked on a significant hospitality transformation in Abu Dhabi, unveiling plans for a comprehensive investment of AED 1.5 billion. This initiative aims to elevate the emirate’s standing as a premier tourist destination by introducing upscale hotel brands and enhancing the overall visitor experience. Central to this transformation is the rebranding of the Eastern Mangroves hotel, which will be transitioned into a Waldorf Astoria luxury […]

Aldar Properties, one of the UAE’s largest real estate developers, has announced a substantial $408 million investment to revamp several of its high-end hotel properties. The company aims to enhance its hospitality portfolio by upgrading key hotels across Abu Dhabi, signaling a strong commitment to the luxury sector as tourism continues to recover. This major initiative is part of a broader strategy to align the region’s hospitality […]

The global sukuk market is seeing unprecedented developments as Sharia-compliant financial structures adapt to new regulations and growing investor interest. Proposals for Sharia reforms could lead to a major shift in the sukuk landscape, potentially driving innovation and expanding the market further into long-term investments. Issuers are increasingly adopting longer tenors in sukuk, reflecting growing confidence among regional investors. Notably, both Aldar Investment Properties, a key real […]

The UAE’s financial sector has achieved a notable milestone as the market capitalization of its top 20 companies surged to AED 2.8 trillion ($762 billion). This achievement underscores the country’s expanding economic footprint and growing investor confidence.

The remarkable growth in market capitalization reflects a robust performance in the UAE’s equity markets, driven by diverse sectors including banking, real estate, and telecommunications. Dubai’s stock exchange, in particular, has seen significant activity, bolstered by increased foreign investment and strong corporate earnings.

Among the leading companies contributing to this milestone are major players such as Emirates NBD, Etisalat, and Dubai Investments. These firms have shown impressive financial results and strategic growth initiatives, solidifying their positions in both regional and global markets. Emirates NBD, for instance, has been pivotal in enhancing the financial infrastructure of the UAE, while Etisalat’s technological advancements have played a crucial role in expanding the digital economy.

The UAE’s continued focus on economic diversification and infrastructure development has further fueled this growth. Government initiatives, including the Dubai Economic Agenda and Abu Dhabi Vision 2030, aim to transform the UAE into a global hub for trade, finance, and innovation. These strategic plans are designed to attract more foreign direct investment and boost the country’s economic resilience.

Furthermore, the UAE’s financial markets have benefited from favorable regulatory changes and improved market liquidity. The introduction of more transparent and investor-friendly policies has enhanced the attractiveness of the UAE’s stock exchanges to international investors. The Financial Services Regulatory Authority (FSRA) and the Securities and Commodities Authority (SCA) have played pivotal roles in ensuring market stability and promoting investor confidence.

The surge in market capitalization also highlights the growing prominence of UAE-based companies on the global stage. The country’s financial markets are increasingly seen as a viable investment destination, with many international firms looking to enter or expand their presence in the UAE. This influx of global capital not only supports local businesses but also contributes to the overall economic growth of the region.

In addition to financial performance, the UAE’s real estate sector has been a significant contributor to the increased market capitalization. Major real estate developers such as Emaar Properties and Aldar Properties have seen substantial growth, driven by strong demand for residential and commercial properties. Their successful project launches and strategic developments have played a key role in enhancing the market value of the UAE’s leading companies.

The UAE’s ambitious growth plans are expected to continue driving market expansion in the coming years. The country’s leadership remains committed to fostering an environment conducive to business growth and innovation. Initiatives such as the Dubai Expo 2020 and Abu Dhabi’s ongoing infrastructure projects are anticipated to further boost investor sentiment and economic activity.

The combined market capitalisation of the UAE’s 20 largest companies has soared to AED 2.8 trillion ($762 billion), marking a significant milestone for the country’s local stock exchanges. These companies, listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), now represent 77.6% of the total market capitalisation across UAE markets, which stands at AED 3.59 trillion. This achievement comes as the UAE continues to pursue an ambitious strategy to double its overall market value to AED 6 trillion in the coming years.

The top performer, International Holding Company (IHC), dominates the UAE market with a staggering market capitalisation of over AED 912.3 billion, accounting for 25.4% of the local stock markets. Following IHC is Abu Dhabi National Energy Company (Taqa), which holds a market value of AED 296.8 billion. These two firms exemplify the UAE’s growing prowess in sectors such as energy, infrastructure, and diversified investments.

Several other major players have also solidified their positions in the financial landscape. Adnoc Gas has secured a market value of AED 240.2 billion, while Etisalat by e& and First Abu Dhabi Bank (FAB) follow closely with market capitalisations of AED 161.5 billion and AED 147.6 billion, respectively. Companies like Emirates NBD and Dubai Electricity and Water Authority (DEWA) are also notable contributors to the UAE’s market strength, alongside real estate giants such as Emaar Properties and Aldar Properties.

Industry experts point to the UAE’s pro-business environment and its strategic initiatives to attract foreign investment as key factors driving the exponential growth of the stock market. The UAE government has committed to fostering economic diversification, furthering innovation, and implementing financial reforms that facilitate this expansion.

Aldar Properties has introduced a new luxury villa community on Yas Island, expanding its portfolio of high-end residential offerings in Abu Dhabi. This development marks a significant step in the company’s strategy to enhance its presence in the premium real estate market. The project, named “The Villas at Yas,” promises to set new standards in luxury living with its array of upscale amenities and prime location.

Situated on the northeastern side of Yas Island, the villa community spans an extensive area, featuring a blend of contemporary design and traditional influences. Each villa is designed with meticulous attention to detail, boasting spacious layouts, high-quality finishes, and expansive outdoor areas. The development includes a variety of villa types, catering to different preferences and family sizes, all while maintaining the highest standards of luxury.

Aldar’s latest offering emphasizes sustainability and modern living. The villas are equipped with advanced energy-efficient systems and smart home technologies, ensuring both environmental responsibility and convenience. Residents will have access to private gardens, swimming pools, and dedicated recreational areas, enhancing the overall living experience.

The strategic location of the villas on Yas Island offers residents proximity to key attractions, including Yas Marina Circuit, Yas Waterworld, and Ferrari World. This prime positioning ensures that residents enjoy a vibrant lifestyle with easy access to entertainment, dining, and leisure facilities.

The launch of “The Villas at Yas” reflects Aldar’s commitment to meeting the growing demand for luxury residential options in Abu Dhabi. The company aims to cater to affluent individuals and families seeking an unparalleled living experience in a prestigious setting. The development is expected to attract both local buyers and international investors, bolstering Abu Dhabi’s position as a global real estate hub.

The project underscores Aldar’s ongoing efforts to diversify its portfolio and address various segments of the real estate market. By focusing on high-end residential properties, Aldar is enhancing its reputation for delivering exceptional quality and innovative designs. This initiative aligns with the company’s broader vision of shaping Abu Dhabi’s urban landscape with premium developments.

The introduction of this luxury community also comes at a time when Abu Dhabi’s real estate market is experiencing significant growth. With increasing interest from international investors and a rising number of high-net-worth individuals, there is a growing appetite for upscale properties. Aldar’s new project is well-positioned to capitalize on this trend, offering a unique blend of luxury and convenience that meets the expectations of discerning buyers.

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Aldar Properties has introduced its latest development, Yas Riva, a luxurious canal-front villa community located on the renowned Yas Island. The project marks a significant addition to the island’s growing portfolio of high-end residential areas, offering residents unparalleled canal views and direct access to waterfront living. With its unique focus on leisure and luxury, Yas Riva is poised to set a new standard for residential developments in Abu Dhabi, blending natural beauty with modern architectural design.

Yas Riva stands out as one of the few communities in the capital to offer both canal-front and canal-accessible homes. The development is designed to cater to families and individuals seeking a premium lifestyle in a serene, waterfront setting, with each villa offering access to a private canal, enabling residents to enjoy a truly immersive waterside experience. This combination of exclusivity and convenience is expected to attract both local buyers and international investors looking for prime real estate in the UAE.

The launch of Yas Riva aligns with Aldar’s strategic vision of expanding its residential offerings on Yas Island, a destination that has rapidly evolved into one of Abu Dhabi’s most desirable addresses. Over the past few years, Yas Island has witnessed a surge in demand for high-quality residential developments, thanks to its proximity to key attractions such as Yas Mall, Ferrari World, and the Yas Marina Circuit, along with its well-planned infrastructure and vibrant community atmosphere.

In addition to its stunning canal views, Yas Riva offers a range of amenities aimed at enhancing residents’ quality of life. These include state-of-the-art fitness centers, swimming pools, and beautifully landscaped gardens. A network of pedestrian-friendly walkways and cycling paths ensures that residents can enjoy the outdoors while maintaining a healthy lifestyle. The community will also feature a clubhouse, retail spaces, and dining options, providing all the conveniences of modern living within the development itself.

The architectural design of Yas Riva reflects a contemporary aesthetic, with clean lines, expansive glass facades, and open-plan layouts that maximize natural light and space. Each villa is crafted with attention to detail, featuring high-end finishes and materials that create an ambiance of sophistication and comfort. Sustainability has also been a key consideration in the design process, with energy-efficient systems and eco-friendly construction practices being incorporated throughout the development.

Aldar’s commitment to sustainability is further evident in Yas Riva’s focus on integrating green spaces and preserving the natural environment. The community will be surrounded by lush greenery, with carefully planned landscaping that enhances the sense of tranquility and connection to nature. This emphasis on sustainability not only benefits the environment but also contributes to the well-being of residents, creating a healthy and balanced living environment.

The Yas Riva development is expected to appeal to a diverse range of buyers, from young professionals and growing families to retirees looking for a peaceful retreat. With its strategic location on Yas Island, residents will have easy access to a wide range of leisure and entertainment options, including the island’s renowned golf courses, theme parks, and marina facilities. The community’s proximity to Abu Dhabi International Airport and major highways also ensures convenient connectivity to the rest of the UAE.

Aldar Properties has long been a key player in Abu Dhabi’s real estate market, known for delivering high-quality developments that cater to the needs of modern residents. The launch of Yas Riva further solidifies the company’s position as a leading developer in the region, with a track record of creating innovative, sustainable, and luxurious living environments.

Yas Island has become a focal point for Aldar’s expansion efforts, with several successful residential projects already completed on the island. The introduction of Yas Riva adds to this portfolio, reinforcing Yas Island’s reputation as a premier destination for upscale living. As more residents are drawn to the island’s unique lifestyle offerings, the demand for high-end properties is expected to continue rising, making Yas Riva a valuable investment opportunity for those looking to enter Abu Dhabi’s flourishing real estate market.

The villas at Yas Riva are available in a variety of sizes and layouts, catering to different preferences and lifestyles. Buyers can choose from spacious three, four, and five-bedroom options, each designed to offer maximum comfort and privacy. The homes are equipped with modern amenities and smart home technologies, ensuring that residents enjoy a seamless and connected living experience.

The announcement of Yas Riva has already generated significant interest among potential buyers and investors, reflecting the growing demand for exclusive waterfront properties in the UAE. With its unique canal-front setting and luxurious design, Yas Riva is expected to become one of the most sought-after residential communities in Abu Dhabi.

Aldar Properties has launched an ambitious new project, The Arthouse Saadiyat, which aims to transform the cultural landscape of Saadiyat Island in Abu Dhabi. This initiative marks a significant expansion of the company’s commitment to creating distinctive cultural and residential spaces. The project is expected to enhance Saadiyat Island’s reputation as a premier destination for art and culture, adding to its existing cultural assets. The Arthouse Saadiyat […]

Abu Dhabi-based Aldar Properties and Dubai’s DP World have entered a strategic partnership aimed at developing a state-of-the-art logistics park in Dubai. This collaboration marks a significant step in bolstering the logistics infrastructure in the region, catering to the growing demand for Grade A logistics facilities. The agreement, finalized recently, underscores Aldar’s commitment to expanding its footprint in Dubai’s thriving real estate sector. The planned logistics park […]

HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – Leading UK residential developer London Square, renowned for creating some of the most striking new homes in London, unveiled an exciting showcase of current and future new developments at Rosewood Hong Kong last week. Nearly 200 people attended the prestigious exhibition Nearly 200 people attended the prestigious exhibition – the first time Rosewood Hong Kong […]

In a move that promises to reshape the urban living experience in Abu Dhabi, Aldar Properties (Aldar) has joined forces with Siemens to transform Saadiyat Grove, a burgeoning mixed-use development, into the emirate’s leading smart district. This groundbreaking partnership, announced at the World Future Energy Summit in Abu Dhabi, signifies a significant investment in smart technology for residential and commercial spaces. The centerpiece of this collaboration is […]

Abu Dhabi’s real estate giant, Aldar Properties, is revving its engine for expansion with plans to issue a sustainability-focused Islamic bond, or sukuk. This financing strategy aligns with the company’s commitment to environmental responsibility while bolstering its growth objectives. News of the potential green sukuk issuance comes after Aldar successfully launched its debut offering in this category last year, raising $500 million. The positive investor response, with […]

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