Aldar posts Dh789m loss

Dubai: Aldar Properties, Abu Dhabi’s property development, investment and management company, posted a net loss of Dh789.5 million for the first six months of 2010, compared to a net profit of Dh1.14 billion for the same period last year as sales declined. The company expects better results for the second half of 2010 on the back of revenue generated from the delivery of the Al Raha Beach and Al Gurm projects. The company also made Dh695 million worth of sales during the first six months of this year which will be recognised in future periods.

Abu Dhabi property market continues to cool

In terms of new property, most of the high-end supply will be concentrated on Reem Island and Al Raha Beach, with mid-end supply coming up on the Abu Dhabi Main Island and more affordable lower end stock on the mainland, which includes the first phase of Al Reef Downtown.

Aldar’s Abu Dhabi HQ: One last spin of the wheel

Aldar’s Abu Dhabi headquarters is one of the final feats of jaw-dropping construction machismo we’ll see from the UAE for a while, says Thomas Lane. And it gives us plenty of reasons to mourn their passing …

Laing O’Rourke to close Mideast division

However, it was confirmed that Laing O’Rourke will maintain its relationship with Aldar, with whom it is working on the AED54bn ($14.7bn) Al Raha beach project.

Aldar reveals Cityscape Abu Dhabi focus

Al Bandar will be the first residential element to be delivered within Al Raha Beach,Aldar’s waterfront development which will provide a vibrant and diverse mix of communities as well as business, retail and leisure. A very limited number of homes at Al Bandar will be made available to the public at Cityscape.

Abu Dhabi’s New Souk to be Inaugurated Middle of This Year

ABU DHABI — The New Souk which will form part of the Central Market project of Aldar Properties in Abu Dhabi will be opened in the middle of this year.

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