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Aldar eyes launch of five new projects in 2021 amid property market recovery

The company is targeting sales of Dh3.6bn or more in 2021, chief executive of Aldar Development says ....

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Abu Dhabi's Aldar to spend Dh500m to upgrade Yas Mall

Abu Dhabi's Aldar to spend Dh500m to upgrade Yas Mall
thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.

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Abu Dhabi's Aldar bids for Egyptian developer Sodic

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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 on last week s closing price.
“Aldar believes that its offer represents a compelling liquidity event and value proposition for Sodic’s shareholders, reflecting the company’s robust fundamentals and share price performance over the last 12 months,” the developer said. ....

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Aldar bullish about growth of fee-based businesses amid international expansion ambitions

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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 normally more cyclical compared to our asset management [business], right now gives a very strong recurring income,” said Mr Al Dhiyebi.
He said cash collection for the developer remained strong. ....

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Aldar sees growth potential for fee-based businesses amid international expansion ambitions

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

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