One principal investment area is ALDAR's substantial Al Raha Beach Development - the iconic new shoreline city that will become the future gateway to Abu Dhabi, with over 120,000 inhabitants.
ALDAR Chairman Ahmed Ali Al Sayegh said yesterday: "Decision No. 23, issued by HH the Crown Prince of Abu Dhabi and Chairman of the Executive Council, Sheikh Mohammed bin Zayed Al Nahyan, will enable us to sell select local real estate to international as well as national investors.
"The decision in favour of our Al Raha Beach Development enables us to swiftly gear up for international sales interest - I believe that it is only the first of many real estate ownership opportunities that ALDAR will offer to worldwide property buyers in the future."
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ALDAR welcomes expatriate investors to forthcoming Al Raha Beach Development
- United Arab Emirates: Wednesday, August 31 - 2005 at 09:38
- PRESS RELEASE
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ALDAR Properties PJSC has welcomed the new Abu Dhabi Executive Council decision, announced yesterday, which specifies initial real estate investment areas where expatriates can invest within the Emirate.
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Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, August 31 - 2005 at 09:38 UAE local time (GMT+4)
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ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004.
ALDAR Properties PJSC was created to fast track real estate investment opportunities, 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 the Central Market in Abu Dhabi, the Al Raha Beach Development in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. It has a market capitalisation of over AED 1.5 billion.
For further information, please contact ALDAR's corporate communications advisers, Sareem International, on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
ALDAR Properties PJSC was created to fast track real estate investment opportunities, 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 the Central Market in Abu Dhabi, the Al Raha Beach Development in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. It has a market capitalisation of over AED 1.5 billion.
For further information, please contact ALDAR's corporate communications advisers, Sareem International, on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
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