#Aldar
Aldar and Nikki Beach will develop three branded residential buildings as part of a larger beachfront community on Al Marjan Island in Ras Al Khaimah
The development will feature monitoring meters to reduce energy, water, and waste consumption with an aim to achieve a Pearl 3 Estidama rating
Upon completion of the initial office tower’s construction, which is expected by the end of 2026, the property will be managed by Aldar Investment
Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year
Apartments are available for purchase from February 9
The communities will feature over 9,000 residential units, with launches planned for this year
This co-retail space provides an accessible, tech-powered retail platform, where shoppers can explore multiple product lines under one roof
By virtue of the agreement, both service providers will deliver telecommunications infrastructure for the developer’s major projects
A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors
The plan includes a detailed roadmap to achieve Net Zero in Scope 1, Scope 2 and Scope 3 emissions by 2050
Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025
The agreement will see Aldar develop a five-star hotel, featuring 165 luxurious guest rooms and suites, including the rooftop Nobu Villa
The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth
Spark Security works with organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality
The company successfully reduced over 5,000 tons of carbon emissions and saved over 4 million kWh of energy
The sales recorded at Grove District so far total up to Dhs600m
Revenues stood at Dhs2.68bn in Q1 2022, a year-on-year growth of 31.5 per cent
There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals
It aims to increase the student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by the 2024-2025 academic year
The company’s improved ESG ratings have been attributed to the consistent and broad integration of sustainability practices into its operations
The Magnolias consists of 312 villas and townhouses, bookings for which will open on September 4
Construction is set to commence in November 2021, with handovers expected to begin in February 2024
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
The offer values the Egyptian property developer at about $420m
The complex includes The Westin and an 18-hole championship course
The company expects more government projects to come its way
Aldar will also have management oversight of Musanada projects ranging from education, healthcare, infrastructure, social services and facilities management
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.