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Native name | شركة الدار العقارية |
---|---|
Company type | Public |
Industry | Real estate |
Founded | 12 January 2004 |
Headquarters | Abu Dhabi, UAE |
Area served | Abu Dhabi |
Revenue | AED AED 8.58 billion (2021) |
AED 2.33 billion (2021) | |
Total assets | AED 41.1 billion (2021) |
Total equity | AED 40 billion (2020) |
Number of employees | 500 |
Website |
www |
Footnotes / references [1] [2] [3] |
Aldar Properties PJSC ( Arabic: شركة الدار العقارية Sharikah al-Dār al-`Iqāriyyah) is a real estate development company owned by the Abu Dhabi government and with headquarters in Abu Dhabi, United Arab Emirates. [4] The company's shares are traded on the Abu Dhabi Securities Exchange. The largest shareholder of Aldar is Mubadala, the UAE sovereign wealth fund. [5] [6]
Aldar's projects within the Abu Dhabi Emirate include Al Raha Beach, Al Raha Gardens, the Abu Dhabi Central Market ( Souq) and Al Mamoura, as well as Yas Island which includes the Yas Marina Circuit, Ferrari World and Yas Hotel Abu Dhabi. [7]
Aldar was founded on 12 January 2004. [8] The shares were listed in 2005.
In Astana, Kazakhstan, Aldar was a partner in the develop of the Palace of Peace and Reconciliation and the Khan Shatyr Entertainment Center. [9]: 20
The company's credit rating was downgraded to "junk" in 2010. [10] The company received a $5.2 billion bailout by the Abu Dhabi government in 2011. [11] [12] In 2012, Reuters reported on suspicious stock exchange patterns during the announcement of a state-backed merger of Aldar and Sorouth Real Estate. [13] In 2013 the company merged with Sorouh Real Estate. [14] The combined entity continues to operate under the Aldar name.
In December 2017, Aldar acquired the International Tower in Abu Dhabi. [15] In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai. [16] Aldar and Dubai Holding have partnered to develop projects in Dubai in 2023. [17]
![]() | |
Native name | شركة الدار العقارية |
---|---|
Company type | Public |
Industry | Real estate |
Founded | 12 January 2004 |
Headquarters | Abu Dhabi, UAE |
Area served | Abu Dhabi |
Revenue | AED AED 8.58 billion (2021) |
AED 2.33 billion (2021) | |
Total assets | AED 41.1 billion (2021) |
Total equity | AED 40 billion (2020) |
Number of employees | 500 |
Website |
www |
Footnotes / references [1] [2] [3] |
Aldar Properties PJSC ( Arabic: شركة الدار العقارية Sharikah al-Dār al-`Iqāriyyah) is a real estate development company owned by the Abu Dhabi government and with headquarters in Abu Dhabi, United Arab Emirates. [4] The company's shares are traded on the Abu Dhabi Securities Exchange. The largest shareholder of Aldar is Mubadala, the UAE sovereign wealth fund. [5] [6]
Aldar's projects within the Abu Dhabi Emirate include Al Raha Beach, Al Raha Gardens, the Abu Dhabi Central Market ( Souq) and Al Mamoura, as well as Yas Island which includes the Yas Marina Circuit, Ferrari World and Yas Hotel Abu Dhabi. [7]
Aldar was founded on 12 January 2004. [8] The shares were listed in 2005.
In Astana, Kazakhstan, Aldar was a partner in the develop of the Palace of Peace and Reconciliation and the Khan Shatyr Entertainment Center. [9]: 20
The company's credit rating was downgraded to "junk" in 2010. [10] The company received a $5.2 billion bailout by the Abu Dhabi government in 2011. [11] [12] In 2012, Reuters reported on suspicious stock exchange patterns during the announcement of a state-backed merger of Aldar and Sorouth Real Estate. [13] In 2013 the company merged with Sorouh Real Estate. [14] The combined entity continues to operate under the Aldar name.
In December 2017, Aldar acquired the International Tower in Abu Dhabi. [15] In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai. [16] Aldar and Dubai Holding have partnered to develop projects in Dubai in 2023. [17]