Aldar contributes to the development of Al Bateen District in Abu Dhabi

Notes and media contacts

About Aldar Properties:

Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. ALDAR was created to spearhead the development of Abu Dhabi's strategic sites to fast track real estate investment opportunities within Abu Dhabi and the Emirates.

Aldar's initial public offering (IPO) in 2004 offered shares worth Dhs1.5bn ($408m) on the Abu Dhabi Securities Market. The IPO, which at the time was the UAE's largest ever IPO, was 448 times oversubscribed and raised an unprecedented Dhs373bn ($102bn).

Aldar is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. It has already announced more than $60bn worth of developments and as of 30 May 2007, the company's market capitalization is $3.5bn. The total retail area of all developments is currently over 1.5 million square metres.

The current property portfolio includes major developments and re-developments within the 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, as well as the YAS Island project which includes a Warner Bros and a Ferrari theme park.

ALDAR's first international project was announced in August 2007 through a joint venture with South Johor Investment Corp, a deal that represents the largest foreign real estate development in Malaysia. It was followed in October 2007 with plans to build a mixed-use development in Kazakhstan.

For more information, please contact:
Rosanne Blake
Buchanan Middle East