FAQs
- Who are ALDAR Properties PJSC?
ALDAR Properties PJSC (Public Joint Stock Company) is a premier real estate development, management and investment company headquartered in Abu Dhabi, the largest of seven emirates making up the United Arab Emirates. - Who owns ALDAR Properties PJSC?
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. The principal Shareholders are Mubadala Development Company, Abu Dhabi Investment Company (ADIC), Abu Dhabi National Hotels Company (ADNHC), National Corporation for Tourism and Hotels (NCTH) and The National Investor. For more information on our principle founders click here - Why was an Initial Public Offering (IPO) share offering made?
The initial public offering (IPO) in early 2005 raised AED 1.5 billion, of which AED 675 million was subscribed by the founder shareholders, with AED 825 million allocated through public subscription to UAE nationals. The share offer price was AED 1 per share. - Why was ALDAR Properties formed?
ALDAR was created to spearhead the development of Abu Dhabi's strategic sites and set the scene for its bright future, and in doing this promote the region as whole.
ALDAR is creating its own unique brand for our local, regional and eventually, international ambitions. - What is ALDAR's ambition?
ALDAR is a progressive, integrated property development company concentrating on Abu Dhabi and the UAE as whole with ambition to expand into international markets.
As a company, ALDAR prides itself on professional ethics, innovative property solutions and environmental sensitivity. The company's ambition in Abu Dhabi is to create a model world capital city.
Abu Dhabi has a wonderful setting with an abundance of valuable natural coastal habitats. With careful land use planning, investment in infrastructure, high quality design and construction, as well as thoughtful conservation practices a truly remarkable and sustainable city will be taken to its next level.
At the heart of ALDAR's vision is the underlying commitment to provide first class developments for shareholders and occupiers alike. - What investment opportunities does ALDAR offer?
ALDAR offers individuals investment opportunities to purchase their own home in one of their developments. Currently Al Raha Gardens and Al Gurm Resort are available to UAE nationals only, however, ALDAR's prestigious Al Raha Beach development will be open to both national and expatriate home buyers..
As an investor looking to invest in one of the fastest growing cosmopolitan cities, there are opportunities to buy plots of land for development at Al Raha Beach and within other ALDAR projects. For more information on ALDAR Projects click here - If I am interested in buying property or land through ALDAR how do I contact them?
ALDAR Properties can be contacted at PO Box 51133, Abu Dhabi, United Arab Emirates Tel: +971 2 696 4444 or Fax +971 2 641 7504. Details of all our developments and the opportunity to register for up to date information is on our website. - How is ALDAR Properties PJSC different from other property developers?
ALDAR Properties PJSC is an integrated property developer, investor and manager of companies.
We offer coordinated, comprehensive services such as facility management, after sales services and maintenance.
ALDAR is well positioned within the market as it is a real estate development company with the financial resources, management caliber and government support to undertake large-scale, market-driven projects.
We are developing on some of the most strategic sites on Abu Dhabi including areas around the airport, waterfront and city centre.
ALDAR demonstrates a clear balance between being national but with international standards and partners.
ALDAR projects are only undertaken after extensive feasibility studies are completed and measures taken to ensure endurable master planning and infrastructure are in place. ALDAR apply the strictest criteria of quality, yields and investment profiles in all their developments.
ALDAR has complete transparency, full accountability, reporting and review in all phases of the development and investment cycle. - How is ALDAR an integrated developer?
The company researches and secures land and development sites through government concession, long-term leasehold or via land transfer. Projects are undertaken after stringent feasibility studies are completed and once infrastructure is in place to ensure sustainable development. ALDAR Properties PJSC also redevelops existing properties, provided that these are capable of adding value to the company's portfolio of assets. - Who are ALDAR Properties PJSC senior management team?
ALDAR Properties PJSC's Senior Management Team are:
- Ahmed Ali Al Sayegh - Chairman
- Ronald S. Barrott - Chief Executive Officer
- John C. Shaw - Chief Investment Officer
- Abdalla E. Zamzam - Chief Corporate Support Officer
- Shafqat A. Malik - Chief Financial Officer
- Ousama Ghannoum - Marketing & Media Director
For more information click here - What is ALDAR's Commercial aim?
ALDAR Properties PJSC is dedicated to producing high quality sustainable developments whilst generating attractive returns on capital invested by its stakeholders.
Projects are only undertaken after extensive feasibility studies are completed and measures taken to ensure endurable master planning and infrastructure are in place. ALDAR apply the strictest criteria of quality, yields and investment profiles in all their developments. - Can expatriates buy in Abu Dhabi?
His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the UAE President and Ruler of Abu Dhabi, announced a new law in August 2005 regulating the right to own and transfer real estate by citizens and expatriates.
This law was followed by an announcement from the Executive Council of areas within Abu Dhabi emirate where expatriates can invest in real estate. ALDAR's Al Raha Beach is one of these areas. - Does ALDAR have any projects where expatriates can buy?
ALDAR's Al Raha Beach, a spectacular new waterfront city is located in one of the investment areas identified as suitable for expatriates to buy and own property. Properties in this development will be released to the market in the coming months. - Where is Abu Dhabi?
Situated on the North East coast of the Arabian Peninsula, Abu Dhabi is the Capital of the United Arab Emirates and the largest of the seven emirates which form the federation of the UAE.
Abu Dhabi is 160 kms north of Dubai, the second major city of the UAE, and is easily accessible by air from either the recently expanded Abu Dhabi International Airport located 20 minutes outside the city or Dubai International Airport (1 3/4 hours transfer). The time zone in Abu Dhabi is GMT +4 - Why is Abu Dhabi a good place to live and invest in?
Abu Dhabi has abundant oil resources (10% of the world's oil reserves and 90% of U.A.E oil). These resources have largely driven the rapid growth and development of our economy and our nation.
Real estate and property, like so many sectors, has benefited from and contributed to the ongoing growth, diversification and strategic liberalisation of our economy.
Decision makers have taken bold and deliberate steps to obtain the highest quality standards and ensured that investments are undertaken wisely resulting in a flourishing modern metropolis with a first class infrastructure.
At the same time great care has been taken to protect the setting of Abu Dhabi's natural scenic beauty which includes over 200 natural Islands and 1300km of coastline, that is gently lapped by the azure waters of the Arabian Gulf.
The city is a combination of old world charm and cosmopolitan sophistication, with beautiful beaches, fantastic tax free shopping, top international resorts and a pleasant all year climate.
Abu Dhabi is also one of the greenest cities in the region with green boulevards and large gardens and parks.
The current real estate construction projects will create opportunities for investors and those seeking an ideal place to live.
The UAE has an economy with high per capita income and a sizeable annual trade surplus. The nations wealth is based on oil and gas output (60% of the UAE's GDP). The high per capita income is estimated at $170,000 for Abu Dhabi - How healthy is Abu Dhabi's economy?
The Abu Dhabi economy is very healthy. In 2005 GDP growth was 11%, higher than the UAE at 10.6% and the Middle East and North African region at 6%. This is as a result of the Government's decision to diversify the emirate's economy from its historic dependence on oil and gas.
Along with the traditional energy industries, growth in 2005 was driven by various sectors such as industry, real estate, transport and telecommunications, construction, financial and insurance markets, wholesale and retail trade, restaurants and hotels.
In real estate it is predicted that the value of construction projects in Abu Dhabi emirate will rise from the Dhs 8.6 billion achieved in 2005 to Dhs 23.12 billion in 2006. - What are the future plans for Abu Dhabi?
As well as the real estate sector there are major plans to grow tourism with a planned $10 billion investment in tourism over the next decade. This includes a new $5.7 billion international airport to take 20 million passengers a year; up to 40 new hotels by 2011 and hotel room expansion from the current 7,500 to some 20,000 rooms over 10 years.
There is also industrial expansion through HCSEZ – Abu Dhabi's Higher Corporation for Specialized Economic Zones, which creates new industrial free zones such as the Industrial Cities of Abu Dhabi – or ICAD. The $10 billion ICAD is already home to 160 global manufacturers.
Inward and outward investment is also critical to the economies growth and recent acquisitions of interest in companies such as Ferrari, Leaseplan and Piaggio Aero create international opportunities. - What is Abu Dhabi's climate like?
Abu Dhabi has year round sunshine and a temperate climate. It is coolest between November and April. Temperatures can reach more than 40 degrees Celsius (105 degrees Fahrenheit) during the hottest period of the year (July-August). - What is the currency in Abu Dhabi?
The local currency is the Dirham (pronounced dir-ham) and is the official currency of the UAE. The Dirham is index linked to the Dollar and the official exchange rate is; 3.675 Dirhams to the Dollar. - What is ALDAR Properties PJSC's current property portfolio?
Our property portfolio includes the following announced major developments and re-developments within Abu Dhabi Emirate:
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