Aldar and Mubadala Investment Company have completed a strategic joint venture to create a premier retail platform that will anchor the next phase of Abu Dhabi’s evolution as a global destination for curated luxury retail experiences.
Aldar Properties has issued a $1.0 billion in subordinated hybrid notes to Apollo Global Management through a private placement, raising additional capital to support its strong growth momentum.
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.
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.
Aldar today announced the launch of Baccarat Residences Saadiyat, introducing a legacy landmark in Abu Dhabi that sets a new global benchmark for ultra-prime living.
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.
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).
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.
