Page 26 - Aldar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 and ventures in particular, are reflecting a focused statement of intent on our side that Egypt is a...

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 Property Management and all its branches across Abu Dhabi and Dubai last week. Aldar Estates will through t...

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 profit while investment portfolio holds firm amid Covid-19 challenges. The group also said it manag...

(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 group also said it managed and delivered Dh50 billion worth of projects over 3-5 years, with Dh40 bil...