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Sunday, November 8 - 2009

ALDAR Properties to increase Abu Dhabi hotel offering

  • United Arab Emirates: Tuesday, May 02 - 2006 at 15:18
  • PRESS RELEASE

ALDAR Properties PJSC announced at Arabian Travel Market today that it has advanced plans for 32 new hotels to be built in Abu Dhabi within the next three to seven years.

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  • Al Gurm waterfront resort.
    Al Gurm waterfront resort.
These hotels will increase the annual room offering in the city by over 2.2 million - almost doubling its current capacity.

The planned range extends from small boutique hotels through business hotels to major international resorts - everything to cater for the rapidly increasing number of visitors to Abu Dhabi. These hotels will complement the current $5.7 billion international airport expansion currently underway, which is designed to take a minimum of 20 million passengers a year.

ALDAR has already announced its first prestigious waterfront resort Al Gurm, on the western edge of Abu Dhabi Island. The resort hotel will be ALDAR-owned, but operated and managed by the internationally renowned Banyan Tree Group - as their first opening in the UAE. On completion, the resort will have 161 keys and a full supporting restaurant and spa service. Construction work has already commenced.

"ALDAR's initial hotel offering is the first of its kind in the UAE," said ALDAR Chairman Ahmed Ali Al Sayegh.

"Al Gurm Resort will be an exclusive and environmentally friendly development, set within a substantial natural mangrove habitat."


"It has been carefully designed to offer visitors and residents endless opportunities to appreciate and enjoy the beauty and serenity of its surroundings, while providing guest and residential facilities that are truly unique."

ALDAR's recently launched Al Raha Beach development will be home to eight of the company's different hotel projects: two 100 key boutique hotels, two full service business hotels and four limited service hotels. These will be constructed over the next three to five years, with the first hotel fully operational by the end of 2009. In addition, an exclusive Polo Hotel will be located in the adjacent Al Raha Gardens Community.

At the heart of Abu Dhabi lies the new mixed use Central Market re-development, one of ALDAR's principle major current projects. This too will feature select hotel offerings, include one fully-serviced luxury product, one quality limited-service hotel and one luxury hotel apartment complex.
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Notes and media contacts

For further information, please contact:
Karen Lay or Abir Barakat at SAREEM INTERNATIONAL, Tel: + 971 4 343 3688,
Fax: + 971 321 1988
OR
Ousama Ghannoum - Marketing & Communications Director
Shamma Al Nuaimi - Marketing & Communications Executive
ALDAR PROPERTIES PJSC Tel:+ 971 2 633 6886, Fax: + 971 2 633 9889

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 is owned by leading Abu Dhabi institutions, founder shareholders and individual investors

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 Sas Al Nahkel ,Al Gurm Resort, Ferrari World, Al Mamoura - the Mubadala Development Company - Environment Authority Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain and Jebel Hafeet Resort in Jebel Hafeet, Al Ain.

For more information, please contact Ousama Ghannoum, Marketing and Communications Director of ALDAR on +971 2 633 6886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the number below: + 971 4 343 3688.

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