Page 13 - Aldar Development News Today

Aldar launches the ‘Noya Viva’ 7 hours ago Noya Viva will bring a further 480 homes to the Noya development with prices start from Dhs1.65 million. Aldar Properties (Aldar) has announced the launch of Noya Viva, the next phase of its highly successful Noya development on Yas Island. The community is open for buyers from all nationalities to purchase their homes on a freehold basis. Noya Viva will bring a further 480 homes to the Noya development, with four-bedroo...

Dubai: Abu Dhabi master-developer Aldar is making its first offplan launch of the year – with 480 homes at its Noya community on Yas Island. Prices start from Dh1.65 million. Each unit will have its own “outdoor space”, a factor that more of today’s property buyers are keeping an eye out for. This represents the second big offplan push from Aldar at Noya, having made the first in November last. It was among the first attempts by UAE developers in the offplan space after the pandemic bro...

SHARE Aldar Properties, the UAE’s biggest listed developer, is looking to buy a majority stake in Egypt’s Sixth of October for Development and Investment Company (Sodic). The Abu Dhabi-based developer is leading a consortium that submitted a non-binding offer of 18-19 Egyptian pounds per share, valuing Sodic at 6.6 billion Egyptian pounds ($421 million) at its mid-point, it said in a statement to the Abu Dhabi Securities Exchange, where its shares trade. The offer is a 14 per cent premium o...

SHARE Developer Aldar Properties expects its fee-based revenue to increase as it expands its asset management business amid growing profitability. The company manages about Dh2 billion in assets owned by third parties and is “taking on more asset management” projects, chief executive Talal Al Dhiyebi told Bloomberg TV yesterday. Aldar Development, the unit responsible for developing its 7,500-hectare land bank in Abu Dhabi, also reported strong growth. “Our development unit, which is norm...

Aldar Properties reports revenue of Dhs8.39bn for 2020, up 17% 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Its 2020 gross profit also rose 8 per cent to Dhs2.98bn by Gulf Business February 15, 2021 Abu-Dhabi headquartered real estate development, management and investment company Aldar Properties reported a 17 per cent rise in revenue to Dhs8.39bn for 2020 on Sunday, February 14. Its 2020 gross pr...

Developer is currently managing around Dh2bn in assets owned by third parties, its chief executive says

3 Min Read DUBAI (Reuters) - Aldar Properties, Abu Dhabi’s largest real estate developer, has allocated capital for acquisitions locally and in Egypt after disposing of more than 1 billion dirhams ($272.27 million) of assets around 2020-end, a company executive said. Aldar on Sunday reported 2020 net profit of 1.932 billion dirhams, beating analysts’ expectations. “I think the changes that we announced recently that brought separate business units under Aldar Development, including Egypt ...

UAE’s Aldar Estates acquires Asteco Property Management 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP UAE’s Aldar Estates acquires Asteco Property Management Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management February 14, 2021 Aldar Estates has acquired the full-service real estate services company Asteco Propert...

Aldar gross profit surges 8% to Dh3b issacjohn@khaleejtimes.com Filed on February 14, 2021 Aldar Group reported on Sunday a 17 per cent increase in revenue to Dh8.4 billion and an eight per cent increase in gross profit to Dh3 billion driven by record development business performance in 2020. The group recorded a net profit of Dh1.93 billion, driven by a 28 per cent growth in Q4 net profit. In a statement, the company said its development business delivered record revenues and gross...

(MENAFN - Khaleej Times) Aldar Group reported on Sunday a 17 per cent increase in revenue to Dh8.4 billion and an eight per cent increase in gross profit to Dh3 billion driven by record development business performance in 2020. The group recorded a net profit of Dh1.93 billion, driven by a 28 per cent growth in Q4 net profit. In a statement, the company said its development business delivered record revenues and gross profit while investment portfolio holds firm amid Covid-19 challenges. The g...