Page 24 - Aldar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aldar Properties posts 80pc growth in Q1 net profit ABU DHABI, 14 days ago Leading Abu Dhabi developer Aldar Properties has reported a net profit of AED544 million ($148 million) for the first quarter, up 80 per cent YoY.   Its revenue too rose 16% YoY to AED2 billion ($544 million), driven by a strong increase in property development sales and a ramp-up of the project management business, said the UAE developer in a statement.   The Abu Dhabi group said its gross profit rose 11% YoY to AED776 million, with a significantly higher contribution from Aldar Development.    It recorded...

Aldar completes work on two new mosques in Abu Dhabi ABU DHABI, 4 hours, 15 minutes ago Leading UAE developer Aldar Properties has announced that both Yas Acres Mosque and World Trade Centre Abu Dhabi Mosque will welcome their first worshippers during Ramadan.    Yas Acres Mosque will open for Friday prayers on April 16, while the World Trade Centre Abu Dhabi Mosque will open on April 30.     Located on the main avenue of Yas Acres, the new 3,300 sq m mosque will serve residents of the development, as well as the surrounding communities.   Designed with a modern and functional s...

“Central to this market-leading sales performance is Aldar’s commitment to addressing current market demand and launching customer-centric products.” Aldar has already generated more than Dh1 billion of sales at Noya Viva, the UAE's biggest listed developer said. The development contains 480 properties, including four-bedroom villas and two- and three-bedroom townhouses. Unit prices start from Dh1.65 million and are offered with a 40:60 payment plan, meaning 40 per cent is payable during construction and the remainder on completion. A 5 per cent down payment is required, according to th...

Dubai: Aldar Properties’ Noya - Part 2 has done just as well, with the Dh1.6 million plus homes selling out within 48 hours. In all, there were 480 units making up the second phase in what was the Abu Dhabi developer’s first offplan release for this year. It was in November last that the first units of the Noya community on Yas Island were launched and became an instant hit. “Central to this market-leading sales performance is Aldar’s commitment to addressing current market demand and launching customer-centric products,” said Rashed Al Omaira, Chief Commercial Officer at Aldar Deve...

Prices at Noya Viva started from Dh1.65 million, with each unit coming with its own dedicated outdoor space