Aldar Properties
| Aldar Properties | |
|---|---|
 | |
Native name | شركة الدار العقارية |
| Type | Public |
| Industry | Real estate |
| Founded | 12 January 2004 |
| Headquarters | Abu Dhabi, UAE |
Area served | Abu Dhabi |
| Key people |
|
| Revenue | 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 | |
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. The company's shares are traded on the Abu Dhabi Securities Exchange. The largest shareholder of Aldar is Mubadala, the UAE sovereign wealth fund.
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.
Al Fahid Island, owned by Aldar Properties, is being transformed into a tourist destination.[opinion]
History
 | This section may require copy editing for spelling, grammar, style, cohesion, or tone. (October 2026) |
Aldar was founded on 12 January 2004, with the shares listing in 2005.
In Astana, Kazakhstan, Aldar was a partner in the development of the Palace of Peace and Reconciliation and the Khan Shatyr Entertainment Center.: 20
The company's credit rating was downgraded to "junk" in 2010. The company received a $5.2 billion bailout from the Abu Dhabi government in 2011. In 2012, Reuters reported on suspicious stock exchange patterns during the announcement of a state-backed merger of Aldar and Sorouh Real Estate. In 2013, the company merged with Sorouh Real Estate. The combined entity continues to operate under the Aldar name.
In December 2017, Aldar acquired the International Tower in Abu Dhabi. In March 2018, Aldar announced a partnership with Dubai-based property developer Emaar. In 2023, Aldar partnered with Dubai Holding to develop projects in Dubai.
In December 2023, Aldar Properties announced it had acquired London Square, a UK property developer. for £230m (AED 1.07bn).
Aldar Properties was ranked 30th on Forbes Middle East's Top 100 Listed Companies 2025 list.
See also
References
- ↑ Aldar Annual Report 2016
- ↑ About Aldar, Aldar website. Retrieved 2018-02-16.
- ↑ "Aldar LinkedIn profile". Retrieved 2018-02-16.
- ↑ "Once Sky High, Abu Dhabi's Prices Tumble to Earth". New York Times. 2012.
- ↑ "Lea Residential Plots at Yas Island by Aldar properties". Retrieved 2019-04-15.
- ↑ "Al Fahid Island". New York Times. 2008-04-02.
- ↑ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-10.
- ↑ Curtis, Simon; Klaus, Ian (2024). The Belt and Road City: Geopolitics, Urbanization, and China's Search for a New International Order. New Haven and London: Yale University Press. ISBN 9780300266900.
- ↑ "Abu Dhabi developer stoic despite slump". BBC News. 2010.
- ↑ "Moody's downgrades, reclassifies Abu Dhabi's Aldar". Reuters. 2011.
- ↑ "Aldar Foresees 2011 Profit Thanks to Financing Plan". New York Times. 2011.
- ↑ "Abu Dhabi bourse denies Aldar, Sorouh share trade inquiry". Reuters. 2012.
- ↑ ″Aldar merger kicks off new model for large consolidations,″ Financial Times. July 1, 2013.
- ↑ "Aldar Properties Acquires International Tower for AED 658 MLN," Reuters. December 20, 2017.
- ↑ "Aldar and Emaar alliance a gamechanger for UAE realty market," Gulf News. March 17, 2018.
- ↑ Release, Press. "Aldar enters strategic partnership with Dubai Holding to debut in Dubai real estate market". www.zawya.com. Retrieved 2023-03-20.
- ↑ Nagraj, Aarti. "Aldar acquires UK property developer London Square for $291m". The National. Retrieved 2024-11-12.
- ↑ Mughal, Waqar. "Aldar Properties". Forbes Lists. Retrieved 2026-05-06.