Page 14 - Aldar Development News Today

SHARE Aldar Properties, the UAE’s biggest listed developer, reported a 28 per cent increase in its fourth-quarter net profit on the back of higher revenue. Net profit for the three months to December 31, 2020, jumped to Dh729 million, the company said in a statement to the Abu Dhabi Securities Exchange, where its shares trade. Revenue grew 19 per cent to Dh2.53 billion. “Aldar’s powerful performance in 2020 has set the tone for a new phase of sustainable growth,” Talal Al Dhiyebi, group...

Dubai: Aldar Properties on Sunday reported a 17 per cent rise in revenue for the full-year 2020, boosted by the management of government infrastructure contracts. Abu Dhabi’s largest real-estate developer posted a revenue of Dh8.39 billion in 2020, compared to Dh7.15 billion a year earlier. Net profit grew marginally to Dh1.93 billion during the same period. “Abu Dhabi has successfully navigated the considerable challenges of the global pandemic and is now moving into recovery,” said Moha...

The acquisition represents Aldar Estates’ first transaction following its launch as part of Aldar Properties’ new operating model enabling i...

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Abu Dhabi’s Aldar Properties announces new operating model to drive growth Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively by Zainab Mansoor February 1, 2021 Abu Dhabi’s Aldar Properties has adopted a new operating model to drive its next phase of growth. The new model promotes agility and accountability throughout the organisation, with two core businesses, Aldar Investment and Aldar Development, led by their...

New chief executives are being appointed to each of the core business divisions. Aldar Development, which is responsible for building out the companys 75 million square metre land bank, will be headed by Jonathan Emery. It will have three subsidiaries: Aldar Projects, Aldar Ventures and Aldar Egypt. The projects arm will be responsible for delivering the companys own communities and its fee-based development management services, including the Dh45bn worth of government housing and infrastructur...