Aldar plans to bring to prominence one of its flagship developments to the world-wide audience that is present during Cityscape Abu Dhabi. This significant development will underscore Aldar's commitment to the emirate of Abu Dhabi as well as its commitment to building sustainable integrated communities.
Ronald Stephen Barrott, CEO, Aldar Properties commented, 'Aldar has made many strides this year already with the launch of Motor World and the upcoming opening of YAS Island's race track and Ferrari World Abu Dhabi in 2009. We are also making headway with other developments, especially this landmark development which will greatly contribute to Abu Dhabi and the greater vision of the emirate.'
At the 2007 Cityscape exhibition in Abu Dhabi, ALDAR Properties showcased several major projects including Al Raha Beach, YAS Island, and Central Market.
'Aldar wants to demonstrate its contribution to the emirate of Abu Dhabi to a worldwide audience. Cityscape Abu Dhabi attracts a large amount of national and international attention from industry leaders, investors, and media across the region and the world. This exhibition gives us the opportunity to communicate our values, brand, and most importantly our projects to international stakeholders,' added Ronald Stephen Barrott, CEO, Aldar Properties.
Aldar is a platinum sponsor of Cityscape Abu Dhabi 2008.
Aldar to showcase landmark development at Cityscape Abu Dhabi
Aldar Properties PJSC, the leading Abu Dhabi-based fully integrated property developer, is showcasing Al Raha Beach, one of its landmark developments, at the second annual Cityscape Abu Dhabi Exhibition 2008 to be held at the Abu Dhabi National Exhibition Centre from May 13 to 15th.
- United Arab Emirates: Monday, May 12 - 2008 at 12:45
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About Aldar Properties:Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. Aldar was established to create world-class real estate developments for Abu Dhabi, while providing stable and profitable investment portfolio for all our investors and stakeholders
Aldar Properties PJSC is spearheading the development of Abu Dhabi; entrusted to create multi-billion Dirham civic projects to develop the capital, establishing new sectors for commerce, housing, retail and leisure. ALDAR's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city.
Since its inception in 2004 through a share offer (IPO) of Dhs1.5bn ($408m) on the Abu Dhabi Securities Market, Aldar has already announced more than $70bn worth of developments. The Aldar issue, the largest IPO in the history of the UAE at the time, was 448 times oversubscribed and raised an unprecedented Dhs373bn ($102bn) in demand. Aldar's market capitalization is Dhs25.8bn ($70bn) as of April 16th 2008.Total retail area across all developments is currently over 1.5 million square meters.
The company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. 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 and a Ferrari theme park.
Aldar's first international expansion was announced in August 2007 via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia. This was followed in October 2007 with plans announced to build a mixed-use development in Kazakhstan.
For more information, please contact:
Name: Shali Akkaraju
Buchanan Middle East
Tel: +971 (0) 4 369 8559
Mobile: +971 (0) 50 250 5410
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 12 - 2008 at 12:45 UAE local time (GMT+4)
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Index : Event News : Cityscape : Cityscape Abu Dhabi
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Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
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