Press Release

Wednesday 28th May, 2008

ALDAR Brings 1 Million Square Metre Retail Portfolio to London

ALDAR Properties, the leading Abu Dhabi-based integrated property developer is bringing its 1 million square metre retail portfolio to London from the UAE.  A sponsor of the inaugural Global Department Store Summit, ALDAR aims to offer an alternative strategy that will spread the risk profile of department stores in saturated markets by representing Abu Dhabi as the next biggest growth opportunity for world-wide department store brands.  

ALDAR is building opportunities to work in tandem with international department stores.  At the summit, ALDAR will be among major department store brands identifying the latest movements of the industry and analysing trends in the department store market.

"ALDAR's 1 million retail portfolio offers a wide range of opportunities for department store brands to become a part of the growing market in Abu Dhabi for retail.  Bringing top brands into Abu Dhabi is part of the strategy for several retail platforms for ALDAR Properties," commented Frederick Douglas, Director of Leasing, ALDAR Properties.  
 
Already having announced more than USD 70 billion worth of developments, ALDAR is showcasing three of its retail developments including Central Market, Noor Al Ain, and YAS Mall, located on the leisure destination YAS Island. Central Market is a re-development of the former souq located in the heart of the nation's capital city.  Noor Al Ain is a shopping and leisure development in the garden city of Al Ain also in the emirate of Abu Dhabi.  

"Bringing its projects to the world market, ALDAR's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic real estate market by creating unique and prestigious developments that are a benchmark of quality," Douglas noted.

ALDAR Properties will be participating in the World Travel Market also taking place in London later this year.