Aldar Properties PJSC is a major construction and investment organisation. The company was founded in 2004 in Abu Dhabi. The developer's headquarters is located on the coast in Al Racha. The building was designed in the shape of a seashell. This project was the world's first round skyscraper.
Aldar Properties PJSC has six business segments: property development and sales, investment property, Operative Village, hotels, schools and leisure.
In 2005, the company's shares were floated on the stock exchange. This was the impetus for its rapid advancement as one of the leaders in the construction industry.
In 2013, Aldar Properties merged with Sorouh Real Estate. This merger strengthened the property developer's position in the UAE. To date, the company continues to realise projects under the leadership of Mohamed Khalifa Al Mubarak. He simultaneously holds the position of chairman of the board of directors. The main shareholders are Mubadala Development Company, Abu Dhabi Investment Authority, Abu Dhabi National Hotels, National Corporation for Tourism & Hotels and National Investor.
Aldar Properties' vision is aimed at shaping the urban landscape, impacting the economy and enhancing the standard of living. In its operations, the developer emphasises values such as technology, environmental friendliness, customer care and community responsibility.
The company's corporate social responsibility programmes actively support initiatives related to education, healthcare and environmental protection. All this demonstrates a commitment to sustainable development and people's well-being.
The developer is known for its diverse portfolio of residential, commercial, retail, hospitality and educational developments. Reem Island, Saadiyat Island and Yas Island are just some of Aldar's island projects. For example, Yas Island is home to popular attractions Ferrari World, Yas Marina Circuit.
Yas Marina Circuit hosts the Etihad Airways Abu Dhabi Formula One Grand Prix every year. The complex was opened in 2009. In addition to the race track there is a dragstrip, driving academy and go-karting. The Yas Marina Circuit has a seating capacity of 50,000 spectators.
Yas Mall is another famous project of Aldar Properties. It is the largest shopping centre in Abu Dhabi. Inside the mall there are 400 boutiques of international brands, 90 indoor and outdoor cafeterias, a cinema with 24 screens and a large entertainment area for children.
In 2023, Aldar Properties expanded its operations to Dubai through a strategic partnership with Dubai Holding. The property developer is adopting modern approaches to residential developments in its new projects in Dubai.
Verdes by Haven at Dubailand features apartments with views of green parks. Buyers can choose from 1, 2 and 3-bedroom layouts ranging from 67 m² to 151 m². The developer offers the residents of this property in Dubai the following amenities: swimming pools, gymnasium, jogging tracks, games rooms, restaurants, shops, parks, barbecue areas, children's playgrounds, yoga studio.
Aldar Athlon is a residential development at Dubailand. These townhouses and villas by Aldar are equipped with smart technology. The villas range in size from 275 m² to 815 m² and the townhouses — from 212 m² to 288 m². The project includes lounges, shops and landscaped areas for active recreation, swimming pool, gym, wellness centres, yoga space and jogging tracks.
Aldar Properties has residential projects in other regions of the UAE. Yas Riva is a residential property development on Yas Island. The developer offers a wide range of villas and townhouses with direct access to the waterfront and parks. The properties are available in 4, 5 and 6 bedroom variations. The homes range in size from 481 m² to 631 m². On-site amenities include fitness rooms, spas, indoor gyms, paddle tennis courts, children's playgrounds, community pools, a yoga studio, and barbecue areas.
The Arthouse on Saadiyat Island is a residential development that blends architecture with art. The project offers apartments by Aldar. It features galleries, art studios and spaces for cultural events.
Reeman Living 2 at Al Shamkha includes apartments with modern interiors with 1-3 bedrooms. These properties by Aldar range in size from 26 m² to 100 m². There are a total of 1,050 residences featured at Reeman Living 2. Owners of these apartments by Aldar have access to mosques, indoor playgrounds, shops, green parks, fitness centres, swimming pools, walking and cycling paths.
Aldar Properties regularly receives prestigious awards for innovation, design and contribution to property development. Among the most significant achievements is the Best Development Company award, which the property developer received at the Cityscape Global exhibition.
The Yas Acres project was recognised as the best residential project at the Arabian Property Awards, while Saadiyat Grove was awarded for best design.
Aldar was also recognised for its contribution to sustainable development with The Sustainable City Yas Island project in 2023. This project was also recognised with an international award for environmental innovation.
These achievements are not only a reflection of Aldar's commitment to excellence, but also a testament to its ongoing commitment to creating value for its customers, stakeholders and investors.
Aldar Properties achieved significant financial results in 2023. Total sales were AED 27.9 billion ($ 7.6 billion), an increase of 94% compared to 2022. This growth was driven by increased demand for projects both domestically and internationally. Profits for the fourth quarter totalled AED 8.5 billion ($ 2.3 billion). A revenue reserve of AED 36.8 billion ($ 10 billion) provides stability for the company for the coming years.
Aldar forecasts further growth in 2024. The company expects a 20 per cent increase in revenue due to new launches of Verdes by Haven and Yas Riva projects. According to preliminary figures, sales for the first quarter of 2024 exceeded AED 10 billion ($2.7 billion). This indicates a continued increase in interest in the company's operations from both local and foreign buyers.
Aldar Properties continues to play an important role in shaping the UAE property market. The developer offers innovative projects that meet modern standards. Each project of the company combines comfort, functionality and aesthetics. All this creates a favourable environment for living and investment.
Dubailand
