News and Media
Aldar net profit grows 57% YoY in H1 2024 on significant backlog realization and strong investment portfolio performance
• Strong development sales momentum of AED 14.0 billion in H1, up 21% YoY, supported by solid demand for new launches and existing inventory.
ALDAR UNVEILS THE ARTHOUSE, AN EXCLUSIVE RESIDENCE IN ABU DHABI’S CULTURAL DISTRICT INSPIRED BY PRIVATE MEMBERS’ CLUBS
• A one-of-a-kind residential concept in the heart of Saadiyat Cultural District, overlooking Guggenheim Abu Dhabi and the Arabian Gulf
ALDAR LAUNCHES ICONIC OFFICE TOWER ON SHEIKH ZAYED ROAD AS PART OF DUBAI COMMERCIAL REAL ESTATE STRATEGY
• Aldar to develop a unique Grade A office tower beside DIFC on Sheikh Zayed Road, with a net leasable area (NLA) of 88,000 sqm, which will also include a luxury boutique hotel and branded residences.
ALDAR INTRODUCES ICONIC HOTEL BRANDS TO ABU DHABI FOR THE FIRST TIME AS PART OF HOSPITALITY PORTFOLIO TRANSFORMATION
• Aldar’s hotel portfolio will undergo an AED 1.5 billion transformation to capitalise on growth of the UAE’s tourism sector and tap into the global luxury travel market
HIS HIGHNESS SHEIKH KHALED BIN MOHAMED BIN ZAYED AL NAHYAN INAUGURATES ALDAR AND MUBADALA PARTNERSHIP TO DEVELOP AND MANAGE PRIME ABU DHABI REAL ESTATE ASSETS VALUED AT OVER AED 30 BILLION
• Strategic partnership to drive further transformation and growth of Abu Dhabi as a global business and lifestyle destination
Community Spirit Shines as Volunteers Unite in Abu Dhabi to Pack 10,000 School Kits with Dubai Cares and Aldar
• A remarkable show of community support saw over 400 dedicated volunteers
DUBAI SOUTH AND ALDAR PARTNER TO DEVELOP GRADE A ASSETS IN DUBAI SOUTH LOGISTICS DISTRICT
• The partnership will see the development of logistics facilities in Dubai’s prime logistics location, bolstering Aldar’s offering and exposure to this key sector
Record development sales and expanded investment portfolio drive Aldar’s 2023 net profit up 40% to AED 4.4 billion
• Highest-ever quarterly development sales of AED 8.5 billion in Q4, with full-year sales hitting a record AED 27.9 billion. • Development revenue backlog doubled to AED 36.8 billion, providing strong income visibility over the next 2-3 years.
ALDAR ANNOUNCES AED 5 BILLION DEVELOPMENT PIPELINE OF NEW RECURRING INCOME ASSETS IN ABU DHABI
• Aldar will leverage both its development and asset management expertise to deliver the new commercial, retail, and hospitality assets within key Abu Dhabi destinations
ALDAR, TADWEER, NE’MA AND POLYGREEN PARTNER TO ELIMINATE LANDFILL AND FOOD WASTE ACROSS ALDAR OWNED AND MANAGED ASSETS IN ABU DHABI
• Joint venture launches Ecoloop, a first-of-its-kind circular model to collect Aldar’s waste, segregate it across four new transfer stations, and transform it into valuable resources at a new Circular Park in Abu Dhabi
ALDAR PARTNERS WITH JOHNSON CONTROLS TO LAUNCH ABU DHABI’S FIRST ‘COOLING AS A SERVICE’ PROJECT
• Annual carbon footprint of the cooling baseline to be reduced by up to 30% at Al Rayyana Complex and Eastern Mangroves through Johnson Controls’ ‘Cooling as a Service’ (“CaaS”) solution
ALDAR BUILDS ON ITS GEOGRAPHIC EXPANSION STRATEGY WITH THE ACQUISITION OF UK PROPERTY DEVELOPER LONDON SQUARE
• The transaction marks Aldar's first acquisition outside the MENA region, reflecting its strategic move to bolster scale, broaden market reach, and diversify revenue streams.
ALDAR’S FIRST RESIDENTIAL COMMUNITY IN DUBAI ACHIEVES REMARKABLE SELL-OUT OF FIRST TWO PHASES GENERATING AED 3.1 BILLION IN SALES
• 786 villas and townhouses sold at ‘Haven by Aldar’ on launch day • Overseas and expatriate resident buyers account for 77%, with Emiratis making up the remaining 23%
Aldar's Q3 2023 net profit rises 48% YoY fueled by record sales and strong performance across recurring income portfolio
Record development sales of AED 7.8 billion in Q3, bringing 9-month sales to a record AED 19.4 billion, with 11 new project launches year-to-date.
ALDAR’S FIRST RESIDENTIAL COMMUNITY IN DUBAI TO OFFER RESIDENTS WELLNESS INSPIRED SUBURBAN LIVING
• Haven by Aldar is a premier residential wellness retreat nestled in one of Dubai’s most well-located suburbs away from the hustle and bustle of city life
ALDAR’S MAMOURA BRITISH ACADEMY AMONGST TOP THREE SCHOOLS IN THE WORLD FOR ENVIROMENTAL ACTION
• Mamoura British Academy has achieved a significant milestone by being the only school from the Middle East to reach the final three in the T4 Education World’s Best School prizes, outperforming 50 entrants from 27 countries.
ALDAR SELLS OUT FIRST PHASE OF GARDENIA BAY WITHIN 24 HOURS
• Three buildings were sold out as part of the first phase • 23% of sales were completed by non-resident investors, 40% by expatriate residents, and the remaining 37% by UAE nationals • Due to high demand, further units have been released for sale
ALDAR ESTATES EXPANDS PORTFOLIO THROUGH ACQUISITION OF FAB PROPERTIES
• The transaction adds further weight to Aldar Estates’ position as the region’s largest integrated property and facilities management company • The acquisition includes 22,000 residential units, bringing Aldar Estates total properties under management to 157,000
Gardenia Bay: Redefining Yas Island Living with Nature
• Gardenia Bay is a community steeped in nature that will offer modern waterfront residences complemented by integrated outdoor greenery for a tranquil urban lifestyle • 210 studios, one-bedroom, two-bedroom, and three-bedroom apartments in the first phase of the development will be available to buyers of all nationalities from 08 September 2023
Aldar's Q2 2023 net profit rises 52% driven by record development sales and strong contributions from its recurring income portfolio
1. Cross-platform growth gathers pace fueled by the execution of development revenue backlog, strong quarterly development sales, and growing contributions from the recurring income portfolio.
ALDAR INCREASES INVESTMENT IN ITS RETAIL PORTFOLIO TO AED 1 BILLION WITH NEW REDEVELOPMENT PLANS
- AED 500 million investment committed to redevelop Al Jimi Mall Al Ain and Al Hamra Mall Ras Al Khaimah - Redevelopment plans to redefine the retail experience for customers, expand and refurbish existing retail stores, and diversify brand and F&B offerings - Increased investment follows the recent completion of AED 500 million redevelopment plan to transform Yas Mall Abu Dhabi
ALDAR, IHC, AND ADNEC GROUP CREATE REGION’S LARGEST PROPERTY AND FACILITIES MANAGEMENT COMPANY THROUGH EXPANDED ALDAR ESTATES PLATFORM
• Eltizam Asset Management Group, jointly owned by IHC and ADNEC Group, will merge with Aldar Estates • Aldar will hold a majority stake and retain control of Aldar Estates with the remaining shareholding held equally between IHC and ADNEC Group
ALDAR ADDS LANDSCAPING SERVICES TO ITS GROWING PROPERTY AND FACILITIES MANAGEMENT PLATFORM THROUGH ACQUISTION OF BASATIN
• Basatin adds another key business line to Aldar Estates’ growing platform of integrated property and facilities management services. • Strong growth potential in Abu Dhabi and beyond as Aldar Estates’ comprehensive service offering and reach expands.
ALDAR INVESTMENT PROPERTIES ISSUES USD 500 MILLION 10-YEAR INAUGURAL GREEN SUKUK
• Issued by Aldar Investment Properties, an Aldar-owned entity, the Reg S green sukuk carries a coupon of 4.875%, with the transaction four times oversubscribed • Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions • First issuance under Aldar’s new USD 2 billion corporate sukuk programme
Aldar posts 22% YoY increase in Q1 net profit with record quarterly development sales of AED 4.5 billion and strong contributions from recurring income portfolio
1. Cross-platform growth driven by ongoing execution of development revenue backlog, strong quarterly development sales and rising recurring income from investment properties, reflecting the evolution of Abu Dhabi’s real estate market.
ALDAR APPOINTS BAYAN AL HOSANI AS CHIEF PEOPLE AND COMMUNICATIONS OFFICER
Aldar Properties ('Aldar') announced today that it has promoted Bayan Al Hosani to Chief People and Communications Officer, further strengthening the female and Emirati representation on its senior management team.
ALDAR AND MOCCAE LAUNCH REAL ESTATE CLIMATE PLEDGE TO SUPPORT UAE NET ZERO STRATEGIC INITIATIVE
• 29 companies in the fields of design and consultancy, engineering, manufacturing, construction, energy services, and facilities services signed the Real Estate Climate Pledge, which is co-sponsored by Aldar and the Ministry of Climate Change and the Environment (MOCCAE) • Pledge signed at meeting of National Dialogue for Climate Ambition, a platform launched by MOCCAE to define and advance the UAE Net Zero by 2050 Strategic Initiative
ALDAR AND MUBADALA TO DEVELOP NEW COMMERCIAL ASSETS ON AL MARYAH ISLAND
• The partnership builds on Aldar and Mubadala’s role in supporting the long-term development of Abu Dhabi’s real estate sector and thriving international financial centre • The initial office tower planned for development will comprise 37 floors with a total net leasable area (NLA) of 63,000 sqm
Aldar Dedicates Homes to Health and Wellbeing at The Source in Saadiyat Grove
• The Source forms the next phase of Aldar’s Saadiyat Grove, a thriving community at the heart of the UAE’s cultural district, Saadiyat Island • Aldar’s first ‘Wellness’ development and a first-of-its-kind project in the UAE will feature 204 apartments and penthouses • Residents will have a cultural playground to explore with kilometres of walkways, running tracks, and beaches set against the backdrop of world class museums • The Source overlooks Saadiyat Grove, offering residents prime views of Zayed National Museum and the exquisite fountains that will become a statement feature of the destination
ALDAR SIGNS PARTNERSHIP WITH EMIRATES RED CRESCENT TO COLLABORATE ON HUMANITARIAN INITIATIVES
Aldar Properties PJSC (‘Aldar’) and Emirates Red Crescent (‘ERC’) have reinforced their long-standing partnership by signing a new year-long agreement to jointly cooperate on humanitarian efforts locally and internationally.
ALDAR’S 2022 SUSTAINABILITY REPORT UNDERSCORES IMPORTANCE OF COLLABORATION TO ACHIEVE CLIMATE GOALS
• Science-aligned Net Zero Plan launched • AED 7.6 billion recirculated to the UAE economy • 42% Emiratisation rate in corporate workforce • Over AED 42 million invested in community support programmes • Improved ratings across three ESG global benchmarks
ALDAR BRINGS ITS NEW URBAN COLLECTION TO ALSHAMKHA WITH THE LAUNCH OF ‘REEMAN LIVING’
• Design-led residential development within Aldar’s Reeman master community launched in response to the growing demand for high-quality living • A vibrant community lifestyle, Reeman Living features integrated parks and other facilities that bring people together • 630 studios, one-bedroom, two-bedroom, and three-bedroom apartments available to buyers of all nationalities during the first phase from 18 March
ALDAR RENEWS PARTNERSHIP WITH SPECIAL OLYMPICS UAE TO CONTINUE EMPOWERING PEOPLE OF DETERMINATON
Aldar Properties (‘Aldar’) and Special Olympics UAE have renewed their strategic partnership until 2025. Aldar has been an official partner of Special Olympics UAE since 2019, offering broad support to the Special Olympics UAE’s operations and its sports, health and education programmes.
Aldar delivers record net profit in a year defined by strong operational performance and significant capital deployment
1. AED 11.3 billion of acquisitions made over 13 transactions completed in 2022 across logistics, commercial, retail, education, and hospitality sectors, as well as geographic expansion across Abu Dhabi, Dubai, and Ras Al Khaimah. 2. Transformational growth agenda is set to accelerate further over the next 12-18 months with AED 5 billion of surplus equity capital earmarked to fund a strong pipeline of value-accretive acquisitions.
Aldar Unveils New Design-lead Concept on Saadiyat Island
• The design led urban collection was created in response to growing demand for aspirational living in prime areas of Abu Dhabi • Unique opportunity to own apartments with direct access to culture-focused, immersive experiences in the heart of Abu Dhabi’s cultural district, Saadiyat Island • Exclusive studios, one, and two-bedroom units for buyers of all nationalities available for purchase from 9 February
ALDAR ENTERS STRATEGIC PARTNERSHIP WITH DUBAI HOLDING TO DEBUT IN DUBAI REAL ESTATE MARKET
• The partnership between Dubai Holding and Aldar further extends the growing portfolio and diversified offering by both organisations via development of three communities across 38.2 million sqft (3.55 million sqm) of land • The communities will be located in the suburban heart of Dubai close to other prominent residential areas and will feature over 9,000 residential units, with the launches being planned to start in 2023
ALDAR EXPANDS STRATEGIC LAND BANK IN ABU DHABI THROUGH ACQUISITION AL FAHID ISLAND
• Featuring iconic mangroves and over 11 km of waterfront, Al Fahid Island represents a prime plot of land nestled between Yas Island and Saadiyat Island • Aldar will develop a new prime destination with a mix of over 4,000 residential units and a range of leisure, retail, and hospitality facilities
ALDAR AND DIAMOND DEVELOPERS SELL OUT FIRST PHASE OF ‘THE SUSTAINABLE CITY – YAS ISLAND’ WITHIN 24 HOURS
• Sell out provides perfect end to Abu Dhabi Sustainability Week for Aldar with a number of sustainability initiatives launched • Over AED 1 billion generated in sales demonstrating high demand for sustainability-centric developments • 87% of customers bought their first Aldar property, with 24% of total buyers purchasing from overseas • Due to unprecedented demand Aldar and Diamond Developers have launched the remaining 352 units at the development
ALDAR TAKES LEADING POSITION ON NET ZERO BY LAUNCHING COMPREHENSIVE PLAN TO DECARBONISE ITS BUSINESS AND ASSETS
• Aldar’s Net Zero Plan is a first of its kind in terms of depth of detail and breadth of scope • The Plan includes a detailed roadmap to achieve Net Zero in Scope 1, Scope 2 and Scope 3 emissions by 2050
ALDAR ADVANCES ITS POSITION AS A REGIONAL ESG LEADER WITH IMPROVED RATINGS ACROSS THREE GLOBAL BENCHMARKS
• Aldar achieved an improved Sustainalytics ESG Risk Rating of 16.1 in 2022 compared to 16.6 in 2021 • Aldar’s 2022 MSCI’s ESG Rating upgraded to ‘BBB’ from ‘BB’ in 2021 • S&P Dow Jones Sustainability Index saw Aldar score 60 points in 2022 compared to 58 points in 2021
Sustainable City: A New Way Of Living Unveiled In Abu Dhabi
• Aldar and Diamond Developers combine to offer customers a uniquely sustainable experience in Abu Dhabi • A live, work, and thrive destination with ample green open spaces, leisurely walkways, and community farming plots • 512 residential units available to purchase in the first phase of the project
ALDAR AND MUBADALA PARTNER TO ACQUIRE GRADE A OFFICE TOWER ON AL MARYAH ISLAND
• 25-storey Al Maryah Tower acquired for AED 450 million • Transaction bolsters Aldar’s commercial office portfolio and brings its total capital deployment into recurring income assets to AED 7.4 billion in the year to date • Deal is in line with Mubadala’s role supporting the UAE’s economic diversification, and the development of Abu Dhabi’s real estate sector and international financial centre on Al Maryah Island
Aldar partners with Nobu Hospitality to bring luxury hotel and region’s first Nobu branded residences to Mamsha Beach on Saadiyat Island
• The agreement will also see the introduction of the first Nobu restaurant in Abu Dhabi • All set on Mamsha Beach, directly opposite Aldar’s Saadiyat Grove development and adjacent to the Guggenheim Abu Dhabi • The partnership further enhances Saadiyat Island’s reputation as an iconic and ultra-premium destination in Abu Dhabi’s cultural and lifestyle district
ALDAR PARTNERS WITH ADGM ACADEMY TO FURTHER DEVELOP LOCAL TALENT AS UAE NATIONAL HEADCOUNT INCREASES ACROSS GROUP
• Both parties will collaborate on a series of training programmes for Emirati graduates aimed at developing local talent within the private sector • Collaboration in line with Aldar’s commitment to investing in UAE national talent and supporting the Emiratisation goals outlined in the UAE’s ‘Projects of the 50’ initiative
ALDAR SELLS OUT ‘YAS PARK GATE’ AND LAUNCHES EXCLUSIVE STANDALONE VILLAS AT ‘YAS PARK VIEWS’
• Over AED 1.1 billion in sales recorded at Yas Park Gate • 341 Yas Park Views homes are available to purchase for all nationalities from 23 November • Final community of its type in North Yas to offer standalone villas in one of Abu Dhabi’s most sought-after destinations
ALDAR JOINS THE CLEAN ENERGY BUSINESS COUNCIL TO HELP ENHANCE ENERGY EFFICIENCY ACROSS THE MENA REGION
• Aldar is the first CEBC Partner member from the real estate industry • Supports the leading role Aldar is taking on climate action in the region
Aldar delivers record nine-month development sales of AED 9.3 billion while transformational growth strategy continues to power strong performance across the Group
1. Execution of transformational growth strategy continues with over AED 11 billion in transactions announced in 2022 year-to-date across multiple geographies and sectors, including the AED 4.3 billion acquisition of the ADGM towers in one of the largest real estate transactions to be completed in the UAE. 2. Remaining components of US$1.4 billion Apollo Global Management transaction closed and fully drawn during Q3, including US$ 500 million land JV and US$ 400 million equity investment into AIP at 100% of NAV, adding significant financial backing to continue scaling up the real estate platform through further transformative acquisitions.
ALDAR LAUNCHES NATURE-INSPIRED ‘SAADIYAT LAGOONS’ COMMUNITY IN ONE OF UAE’S MOST DESIRABLE LIFESTYLE DESTINATIONS
• Expansive new community complements Saadiyat Island’s growing attractiveness as a world-class destination • Designed in response to growing demand for sustainable and spacious living, lifestyle amenities and customisable design • First phase launch includes 207 four-, five-, and six-bedroom homes available exclusively for UAE nationals
YAS ISLAND PARTNERS COME TOGETHER TO RECREATE THE WORLD-CLASS DESTINATION IN THE METAVERSE
• The Yas Island Metaverse Initiative is the first project of its kind in the UAE • Visitors from around the world will be able to explore one of the country’s most iconic destinations across multiple leading metaverse platforms • A mix of interactive experiences, immersive environments, games, and one-of-a-kind events will provide users with a true taste of what Abu Dhabi offers in the real world
Abu Dhabi Residents Office signs strategic agreement with Aldar Properties
• Supporting Golden Visa applications in Abu Dhabi when purchasing property valued at over AED 2 million • Offers include priority registration at select schools affiliated with Aldar Academies, and benefits from Darna programme
ALDAR INVESTS AED 25 MILLON INTO ITS RESIDENTIAL COMMUNITIES TO SUPPORT ENERGY CONSUMPTION REDUCTION
• Aldar’s latest retrofit project is set to reduce utility consumption by AED 12 million across 13 residential communities, reducing 19,000 tCO2 per year • Electricity consumption to be reduced by 29%, or 45,000 MWH of electricity per year • Water consumption to be reduced by 3%, or 290,000 m3, per year • Chilled water consumption to be reduced by 13%, or 11,800,000 TRH per year
ALDAR SCALES UP PROPERTY AND INTEGRATED FACILITIES MANAGEMENT PLATFORM WITH ACQUISITION OF SPARK SECURITY SERVICES
• Aldar fully acquires Spark Security through an all-cash transaction • Acquisition further strengthens the property and facilities management platform, providing fully integrated services for Aldar’s growing portfolio of assets and for third-party clients
ALDAR LAUNCHES YAS PARK GATE ON THE DOORSTEP OF A FIRST OF ITS KIND FAMILY PARK IN ABU DHABI
• Mediterranean-style gated community located beside Yas Park which is in the heart of North Yas and set to create a new standard for parks in the UAE • Designed in response to growing demand for single-family homes and amenity-driven communities in one of Abu Dhabi’s most sought-after destinations • 508 homes available to purchase for all nationalities from 1 September
Apollo acquires US$ 400 million strategic equity stake in Aldar Investment Properties
• Apollo, through its managed investment vehicles, acquires an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties PJSC and the region’s largest institutional-class real estate platform • Equity stake forms part of the US$ 1.4 billion transaction between Aldar Properties and Apollo announced in February 2022 • Cements Aldar Investment Properties’ position as the region’s pre-eminent real estate investment platform
Aldar reports 62% year-on-year increase in net profit as its transformational growth strategy accelerates
1. Aldar is delivering on its transformational growth strategy with over AED 11 billion announced transactions in first half of 2022 across logistics, commercial, retail, and hospitality sectors, as well as geographic expansion. 2. AED 5 billion of further equity capital to be deployed over the next 12 months. 3. Landmark US$1.4 billion transaction with Apollo Global Management provides significant firepower to strengthen and accelerate long-term growth.
ALDAR PROPERTIES TO ACQUIRE FOUR COMMERCIAL TOWERS IN ABU DHABI GLOBAL MARKET FROM MUBADALA INVESTMENT COMPANY
- AED 4.3BN (USD 1.17bn) transaction for a total net leasable area of 180,000 sqm marks one of the largest real estate transactions to be completed in the UAE - Transaction gives Aldar Properties exposure to commercial property in Abu Dhabi Global Market, Abu Dhabi international financial centre - Four towers were the first buildings in the UAE to achieve LEED Core and Shell Gold precertification by the US Green Building Council when developed by Mubadala in 2013 - Anchor tenants include Abu Dhabi Investment Authority (ADIA), Abu Dhabi National Oil Company (ADNOC), JP Morgan, Blackstone, Reliance Industries and Kraken Exchange
ALDAR BOLSTERS ITS PORTFOLIO IN RAS AL KHAIMAH WITH ACQUISITION OF DOUBLETREE BY HILTON RESORT & SPA ON AL MARJAN ISLAND
• Acquisition of the beachfront resort and an adjacent beachfront development plot for a total consideration of AED 810 million • Transaction ramps up Aldar’s expansion and growth strategy in Ras Al Khaimah following the acquisition of Al Hamra Mall and Rixos Bab Al Bahr earlier this year • Adds further scale to Aldar Investment’s diversified portfolio of recurring income-generating hospitality and leisure assets in an established and growing luxury tourism and staycation hub
ALDAR LAUNCHES APARTMENTS AT GROVE DISTRICT
• Immersive urban development in one of Abu Dhabi’s most sought-after destinations • Five residential buildings located in luxury, lifestyle, and urban themed districts • 612 apartments with direct access to a culture focused retail oasis like no other • First phase will see the launch of Grove Museum Views, a 102-unit building located in the lifestyle themed district • Studios, one- and two-bedroom units for buyers of all nationalities available for purchase from 25 June
ALDAR TAPS INTO APAC REAL ESTATE TECH SCENE THROUGH INVESTMENT IN TARONGA VENTURES FUND
• Aldar completes its fifth investment into a global real estate technology fund • Taronga Ventures to introduce opportunities for Aldar to further diversify its business and increase technology transfer to the region
FIVE TECH STARTUPS AWARDED PILOT CONTRACTS THROUGH ALDAR’S SCALE UP PROGRAMME
● LlamaZOO, Darabase, Geotwin, Sook Space awarded pilot programmes with Aldar ● Sook Space and Metaverse Architects awarded pilot programmes with strategic partner Majid Al Futtaim Communities ● Selected startups originate from four different countries ● Solutions in spatial intelligence, blockchain, data analytics, and customer experience, as shift to Web 3.0 accelerates globally
Aldar reports 27% increase in Q1 net profit and record Q1 Group sales amid capital deployment and expansion
1. Record quarterly Group Development sales of AED 2.2 billion, driven by inclusion of SODIC’s strong Q1 performance and continued momentum in Abu Dhabi’s real estate market 2. Expansion of Aldar’s strategic land bank for development with a 6.2 million square metre plot acquired on Saadiyat Island during the second quarter 3. Strong liquidity position, with AED 5.6 billion of free cash and AED 4.9 billion of committed undrawn facilities
ALDAR INVESTMENT LAUNCHES LOGISTICS REAL ESTATE VERTICAL THROUGH THE ACQUISITION OF ABU DHABI BUSINESS HUB
• Acquisition of 70% equity interest in Abu Dhabi Business Hub comprises industrial warehousing and office facilities in Industrial City of Abu Dhabi (ICAD) • Newly set up logistics vertical will focus primarily on the United Arab Emirates, with the potential to expand into Saudi Arabia and Egypt
ALDAR LAUNCHES FAY ALREEMAN WITH VILLAS AVAILABLE FROM AED 2.7 MILLION
• 554 villas launched at Fay Alreeman following solid demand for plots at first phase of Alreeman II • Available exclusively for UAE Nationals with 3-, 4-, 5-, and 6-bedroom villas on offer
Aldar Investment Properties LLC issues US$500 million Subordinated Perpetual Notes to Apollo Global Management priced at a coupon of 5.625%
• Acquisition significantly bolsters Aldar’s ability to develop prime real estate on Saadiyat Island • Plot earmarked for mixed use development with nearly 2,700 units providing homes to over 15,000 people
ALDAR COMPLETES FIRST INVESTMENT IN RAS AL KHAIMAH WITH PLANS FOR FURTHER EXPANSION IN THE EMIRATE
• Acquisition of Al Hamra Mall in Ras Al Khaimah for AED 410 million, with additional development rights • Significant transformation opportunity represents the first asset purchase outside of Abu Dhabi by Aldar Investment
ALDAR SELLS OUT THREE BUILDINGS AT GROVE DISTRICT AND RELEASES A FOURTH
• AED 600 million in sales recorded at Grove District so far • 37% of sales were completed by non resident investors, 27% by expatriate residents, and the remainder by UAE nationals • Due to increased demand, apartments at Grove Gallery Views are now available for purchase by buyers of all nationalities
ALDAR TO INCREASE INVESTMENT IN RAS AL KHAIMAH TO AED 1.5 BILLION WITH ACQUISITION OF RIXOS BAB AL BAHR
• Acquisition of ultra-all-inclusive beach resort for AED 770 million, with additional development rights for 250,000 sq. ft of gross floor area • Transaction marks the extension of Aldar’s expansion strategy in Ras Al Khaimah following acquisition of Al Hamra Mall • Adds further scale to Aldar Investment’s diversified portfolio of recurring income-generating properties
Aldar Investment Properties LLC issues US$500 million Subordinated Perpetual Notes to Apollo Global Management priced at a coupon of 5.625%
• The subordinated perpetual notes are part of Apollo’s US$1.4 billion strategic investment into Aldar’s transformational growth initiatives announced in February 2022 • The notes represent the largest corporate hybrid private placement in the Middle East and North Africa region, with the longest non-call period of 15 years
ALDAR LAUNCHES YAS GOLF COLLECTION – A RESORT STYLE COMMUNITY ON YAS ISLAND
• AED 1.7 billion development overlooking Yas Links Abu Dhabi • Designed in response to growing demand for lifestyle-oriented properties on Yas Island • Studios, apartments and duplexes with stunning golf course and sea views available to all nationalities from 23 July • 519 apartments for sale in initial release
Aldar to build on strong FY2021 performance with acceleration of transformational growth agenda
1. Sustained growth across Aldar’s diversified business, driven by the highest-ever yearly sales for Aldar Development and steady recurring income growth for Aldar Investment 2. Revenue backlog reached a record of AED 6.0 billion, enhancing future revenue visibility and predictability 3. Strong liquidity position with AED 5.4 billion of unrestricted cash and AED 4.7 billion of undrawn committed facilities earmarked to fuel long-term growth opportunities 4. Earnings per share of AED 0.295, up 20% YoY, demonstrating our continued commitment to delivering sustainable shareholder value
Apollo to Invest in Aldar Through Landmark US$1.4 Billion Transaction
• Will be one of the largest foreign direct investments into Abu Dhabi’s private sector, reinforcing the strength of its real estate market and Aldar’s market-leading position • Apollo to take direct minority stake in Aldar Investment Properties with a US$400 million equity investment • US$500 million investment into a new land joint venture with Aldar for a portion of Aldar’s 65 million sqm landbank • Apollo to invest US$500 million of Perpetual Subordinated Notes issued by Aldar Investment Properties representing the region’s largest-ever corporate hybrid private placement
ALDAR ACHIEVES RECORD ANNUAL PROPERTY SALES OF AED 7.2 BILLION AND REPORTS PRELIMINARY FULL YEAR NET PROFIT INCREASE OF 21% FOR 2021
Net profit increase of 21% year-on-year, reaching AED 2.33 billion, supported by strong performance across the group businesses • Record sales of AED 7.2 billion supported by successful new project launches across varied price points (sales up 100% year-on-year) • Significant ramp-up of development fee-based business (total project back log of AED 41.1 billion), with over AED 6.9 billion of capex deployed in 2021 • Strong balance sheet and undrawn facilities with liquidity of AED 9.0 billion providing significant dry powder for growth
ALDAR LAUNCHES THIRD EDITION OF ITS RETAIL ENTREPRENEURSHIP PROGRAMME “MANASSAH”
● Manassah 3.0 is inviting applications from retail businesses across the UAE ● Applications are now open and the deadline for submission is August 21 ● Participants to benefit from workshops, coaching, networking opportunities, and access to global strategists and retail experts ● Winners to receive equity-free financial incentives and a space at an Aldar retail destination
ALDAR RELEASES COMPLETED APARTMENTS FOR SALE AT REFLECTION II
• All 182 apartments ready for move-in during Q2 2022 • Stunning overwater location with unique views of Reem Island and Arabian Gulf • Features swimming pools, gym, yoga deck, multipurpose games room and kids play area • Choice of studios, one-, two-, and three-bedroom units for buyers of all nationalities • Show apartment and completed units available for viewing once sales begin on 13 February
ALDAR SET TO DEVELOP ITS FIRST RESIDENTIAL COMMUNITY IN RAS AL KHAIMAH WITH ACQUISITION OF BEACHFRONT PLOT
• This transaction paves the way for a beachfront development with over 2,000 apartments • The deal ramps up Aldar’s expansion and growth strategy in Ras Al Khaimah following the recent acquisitions of Al Hamra Mall, Rixos Bab Al Bahr and DoubleTree by Hilton Resort & Spa Marjan Island
ALDAR TO BOOST EDUCATION PORTFOLIO WITH FURTHER AED 1 BILLION INVESTMENT
• Investment to enable Aldar Education to broaden the choice of quality education in Abu Dhabi • Increasing student capacity by 11,000 seats, taking the total to over 40,000 seats by Academic Year 24/25 • Focus on enhancing Aldar Education’s offering in Khalifa City and key destinations Saadiyat Island and Yas Island • 80% of investment already committed with first ever school acquisition, two greenfield developments, and expansion of two premium campuses confirmed
ALDAR LISTS ABU DHABI’S FIRST REGULATED SHORT STAY APARTMENTS
• ‘Cloud Living’ offers flexible stay options, all-in-one pricing with no hidden costs or utilities • Furnished homes at Aldar’s “The Bridges” and “Arc Towers” on demand • Aldar branches into global short-term stay market valued at $116 billion per year • Aldar worked with Department of Culture and Tourism - Abu Dhabi and Lavanda to devise a new regulatory framework that enables fully flexible short and medium-term leasing
ALDAR ENTERS AGREEMENT WITH EWEC TO ADOPT CLEAN ENERGY ACROSS ALL ASSETS
• 100 per cent of Aldar’s operating assets will be powered by EWEC’s clean energy sources for up to five years • Project will significantly reduce Aldar’s near-term scope 2 emissions in line with SBTi and GHG Protocol • Promotes adoption of clean energy and expansion of decarbonisation in the real estate sector • Strengthens Aldar’s position as a leader in the provision of green energy-powered assets in UAE
ALDAR AND DIAMOND DEVELOPERS TO LAUNCH THE SUSTAINABLE CITY - YAS ISLAND
• JV to be established for the development of fully sustainable community in Yas Island • 864 residential units and 3,000 sqm of retail to be powered by renewable energy to achieve net-zero • Construction to commence in Q4 2022 with a 30-month completion target
ALDAR LAUNCHES PROJECT TO REDUCE ENERGY CONSUMPTION BY 20% ACROSS 80 OF ITS ASSETS
• Carbon emissions to be reduced by 80,000 tons each year • Electricity, water, chilled water, and gas consumption to reduce significantly • Project will enable Aldar to save AED 40 million per year in energy consumption costs • Project accelerates Aldar’s efforts to deliver on its 2025 energy and emissions reduction targets
Aldar-ADQ consortium submits mandatory tender offer for up to 90% stake in EGX-listed real estate company SODIC
Abu Dhabi,UAE – 14 September 2021: • All cash offer of EGP 20.0 per share to SODIC shareholders values the company at EGP 7.1 billion (USD 453 million)
ALDAR REACHES NEW HEIGHTS IN TWO GLOBAL ESG BENCHMARKS
Aldar Properties (‘Aldar’) has increased its ESG ratings within two major global benchmarks, the Dow Jones Sustainability Index (DJSI) and Sustainalytics, driven by a broad base of progress and improvements across its core sustainability pillars comprising environment, community, people, and economic impact.
Aldar to Launch Magnolias at Yas Acres
Abu Dhabi,UAE – 22 August 2021: • Premium family villas in an established and sought-after community • Villas and townhouses available with golf course views in new precinct • Designed in response to growing demand for spacious and lifestyle-oriented properties on Yas Island • Sales set to commence on Saturday 4th September
Aldar Invites Tech Startups To Apply To Scale Up Programme As Shift To Web 3.0 Accelerates Globally
• The equity-free programme enables tech startups from around the world to access the UAE market • Targeting web 3.0, blockchain, data analytics, and customer experience focused solutions • Up to three startups will secure commercial pilot contracts with Aldar • Majid Al Futtaim Communities joins the programme as a strategic partner and will provide up to two startups with pilot contracts • Applications for the programme are open until 5 February 2022
Aldar secures Egyptian real estate platform alongside strategic partner ADQ as majority shareholders in SODIC
• Aldar-ADQ consortium will own 85.52% of SODIC’s outstanding share capital • Consortium enters as a long-term strategic equity partner to help guide future growth
Majid Al Futtaim and Aldar aim to become First Developers in UAE to digitalise real estate sales transactions
MOU signed between both entities on innovation, customer experience, digital transformation and sustainable practices in the real estate sector
Aldar to Create 1,000 Jobs For UAE Nationals By 2026 in Line With ‘Projects Of The 50’ Nafis Programme
• Aldar to provide career opportunities for 200 locals each year for the next five years • Roles to be created in investment and development management, education, retail, customer management and hospitality amongst others • Amongst UAE private sector organisations Aldar is one of the largest employers of local talent representing 33.5% of its workforce • More than 100 UAE nationals added to Aldar’s workforce in the past 2 years • Half of Aldar’s executive team are UAE nationals as well as 32% of department heads
Aldar Completes the Sale of all Homes at Newly Launched ‘Magnolias’ Yas Acres
Abu Dhabi,UAE – 10 October 2021: • Over AED 1 billion in sales at the third phase of Aldar’s flagship development on Yas Island • International and expatriate buyers represent 55% while UAE nationals represent 45% • 78% of Magnolias customers are first time buyers of an Aldar home • Next phase of Yas Acres development ‘Dhalias’ being prepared for sales launch
Aldar sustains growth momentum with 15% rise in gross profit, as development sales surge to a record AED 2.35 bn
Sustained growth momentum across Aldar’s diversified businesses, driven by another quarter of record development sales, increased fee income from management of third-party projects and stable recurring income generated by Aldar Investment
Aldar Achieves Highest ESG Ranking of Listed Real Estate Companies In The UAE
Abu Dhabi, UAE – 3 August 2021: • Aldar’s ESG score has increased to well above the industry average for both Dow Jones Sustainability Index and Morgan Stanley Capital International (MSCI) • Aldar further highlights its ESG credentials through its newly launched 2020 Sustainability Report, developed for the first time in line with the Task Force on Climate-Related Financial Disclosures (TCFD) climate risk disclosure framework • Highlights include the reduction of energy consumption by 17%, carbon footprint by 13%, and water consumption by 9.7% in 2020
Aldar Sells Out Exclusive Waterfront Land Plots at Al Gurm
Abu Dhabi, UAE – 2 August 2021: Aldar Properties (‘Aldar’) has announced the sell-out of land plots at the second phase of Al Gurm, the luxurious and secluded beachfront community on the South-West side of Abu Dhabi’s main island.
Aldar Sells Out Saadiyat Reserve The Dunes
Abu Dhabi, UAE, 7 July 2021: • 83 high quality villas sold at Aldar’s latest development on Saadiyat Island • Sell out follows the success of Saadiyat Reserve’s first two phases of villa plots • Demand was driven by stunning design, prime location and Aldar’s reputation • Buyers represent 14 countries with women completing 25% of transactions • 50% of buyers are first time purchasers of an Aldar home
Aldar Signs Agreement with HSBC to Become The First Mena Real Estate Company to Secure Sustainability-Linked Loan
● AED 300 million five-year loan linked to sustainability performance targets ● Interest margin will be adjusted annually in line with targets on energy and water intensity, waste recycling and worker welfare
Aldar Launches Saadiyat Reserve The Dunes
Abu Dhabi, UAE, 30 June 2021: • 83 four- and five-bedroom villas open for sale to all nationalities • Customisable finishes and specifications according to customer preferences • Prices start from AED 6.49 million and sales commence on 3 July