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Aldar Properties

History and Background

  • Founded: 2004
  • Headquarters: Abu Dhabi, United Arab Emirates
  • Type: Public Joint Stock Company
  • Stock Listing: Abu Dhabi Securities Exchange (ADX)
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Overview

  • Aldar Properties PJSC is one of the UAE’s leading real estate development, management, and investment companies. It has been instrumental in shaping Abu Dhabi’s urban landscape, especially through landmark projects that integrate sustainability, luxury, and functionality.

Key Milestones in Aldar’s History

  • 2004: Aldar is established by a group of prominent UAE investors with the backing of the Abu Dhabi government.
  • 2005: Launches its first mega project – Al Raha Beach, a waterfront residential community.
  • 2006: Starts development of Yas Island, which would later become a world-renowned entertainment and leisure destination.
  • 2008: Becomes a public company, listed on the Abu Dhabi Securities Exchange.
  • 2009: Completion of the Aldar HQ building, the world’s first circular skyscraper – a symbol of innovation and modern architecture.
  • 2010–2012: Faces financial pressure during the global financial crisis, leading to a strategic restructuring and government-backed recapitalization.
  • 2013: Merges with Sorouh Real Estate, another large Abu Dhabi developer, significantly expanding its asset portfolio.
  • 2020–Present: Expands into real estate investment management, education, and hospitality, while increasing its focus on sustainability and smart cities.

Notable Achievements

  • Developer of Yas Island, home to:

    • Yas Marina Circuit (Formula 1)
    • Ferrari World
    • Yas Waterworld
    • Yas Mall
  • Developed more than 70 million square meters of real estate across Abu Dhabi.
  • Played a leading role in Abu Dhabi’s Vision 2030 plan for sustainable urban development.

Subsidiaries and Business Arms

  1. Aldar Development – Focuses on master-planned communities like Saadiyat Island and Alghadeer.
  2. Aldar Investment – Manages recurring income-generating assets.
  3. Aldar Education – Operates a network of private schools.
  4. Aldar Hospitality and Leisure – Manages hotels and leisure destinations.

Upcoming Projects:

  • Aldar plans an AED 5 billion investment to develop new office, retail, and hospitality facilities by 2027, as part of Abu Dhabi’s financial district expansion.
  • Aldar Properties officially launched Rosso Bay Residences on Al Marjan Island, Ras Al Khaimah in May 2024, marking its first residential development in the emirate.

This expansion signifies Aldar’s strategic move beyond Abu Dhabi and Dubai, tapping into the growing potential of Ras Al Khaimah’s real estate market.Rosso Bay Residences offers a luxurious waterfront lifestyle with a range of 1 to 4-bedroom apartments and 4-bedroom penthouses, complemented by a suite of resort-style amenities.

The development is scheduled for completion in December 2028

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