Abu Dhabi-listed developer, Aldar Properties, reported a net profit of AED2bn for 2017, a slight decrease as compared to AED2.78bn in 2016.
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Aldar will continue to handover homes at its Ansam and Al Hadeel projects as well as commence handovers on Nareel Island and Al Merief in Q1 2018.
Aldar Properties completed the acquisition of International Tower, a high-quality office tower located in Capital Gate district, for AED658mn.
Following the completion of construction work at Ansam and Al Hadeel, Abu Dhabi-based Aldar Properties has commenced a phased handover of residential units.
Aldar Properties announced that due to strong demand it will release more apartments for sale in Waters Edge, the waterfront development on Yas Island.
Aldar Properties announced that it has sold out the second phase of Waters Edge, bringing the total sales value of all units launched to over AED800mn.
Aldar Properties announced the launch of public sales for the second and final phase of Waters Edge, a waterfront development on Yas Island.
Aldar Properties announced two important appointments of HE Mohamed Khalifa Al Mubarak as its new chairman and Talal Al Dhiyebi as the new CEO.
Abu Dhabi-listed developer, Aldar Properties, reported a net profit of AED601mn for the third quarter of 2017 and a revenue of AED1.38bn.
Aldar Properties, continues to make steady progress across its destinations with the handover of Ansam and Al Hadeel homes to customers in December 2018.