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Aldar takes Al Raha Beach and Al Muneera to Saudi Arabia
- Saudi Arabia: Saturday, November 10 - 2007 at 17:07
- PRESS RELEASE
Aldar Properties, Abu Dhabi's leading and fully integrated property developer, showcases land available for development on Al Raha Beach and property in the Al Muneera District at the 5th International Real Estate and Housing Exhibition, Estatex 2007.
"Aldar Properties is committed to bringing its developments to international markets. We plan to continue our outreach in KSA and throughout the GCC region including Qatar and Kuwait. Aldar is also currently showcasing developments at the World Travel Market in London. Knowledge and interest is spreading in our brand as the world becomes more familiar with our projects and developments," commented Ronald Barrott, CEO Aldar Properties.
Al Raha Beach has approximately 5,729,973 sqm of land fit for development and is attracting investment throughout the region.
"The Saudi market is very knowledgeable in regional development and is interested in the development taking place in Abu Dhabi. It is important for Aldar to stay aligned with trends in real estate investment around the region and the Saudi market is a significant segment for Aldar," commented James Khazaei, Head of Sales, Aldar Properties.
Al Raha Beach is set to become one of the greatest waterfront cities in the world. Within one development, eleven distinct precincts, each with its own personality, stretch over 10km of dynamic living. Conceived by the finest architects in the world, some precincts feature quiet residential neighbourhoods, some are more vibrant, with international dining and retail outlets. The business district is home to the new World Trade Centre. Al Raha Beach has an arts quarter, and diverse hotels that allow visitors to enjoy the unique taste of this fresh outlook on waterfront life.
Al Muneera is a development that makes up a part of Khor Al Raha, one of the eleven precincts within the Al Raha Beach. It offers a mix of luxury living in magnificent villas with waterfront and canal views as well as distinctly designed multi-storey apartment buildings.
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Notes and media contacts
About Aldar PropertiesAldar Properties PJSC is the premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. The company was formed as the result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. Aldar Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. Aldar Properties PJSC was created to fast track real estate investment opportunities within Abu Dhabi and the Emirates, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros theme park.
In August 2007 ALDAR announced its expansion into Malaysia via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia.
For more information, please contact:
Shali Akkaraju/ Mohammad Shaban
Buchanan Middle East
Mob: +971 50 250 5410/
+971 50 317 3798
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