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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 profit also rose 8 per cent to Dhs2.98bn. Its full-year net profit decreased slightly by 2.5 per cent from Dhs1.98bn in 2019 to Dhs1.93bn for 2020. “Abu Dhabi has successfully navigated the considerable challenges of the global pandemic and is now moving into recovery,” said Mohamed Al Mubarak, chairman of Aldar Properties, Abu Dhabi’s largest real estate developer. ....
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 the acquisition scale up its existing integrated estate management solutions to include building consultancy, valuation and advisory as well as franchising services, it said in a press statement. ....
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 managed and delivered Dh50 billion worth of projects over 3-5 years, with Dh40 billion in recent agreement with Abu Dhabi government. ....
(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 billion in recent agreement with Abu Dhabi government. ....
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 chief executive of Aldar Properties, said. “We have adopted a new operating model to propel the company to the next level in terms of scale and breadth of activity and to meet our ambitious sustainability targets. This will involve a major programme to accelerate the recycling of capital and to invest in expansion.” ....