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AGM Statement
The shareholders of Aldar Properties PJSC held the Company’s Annual General Meeting at the Yas Hotel in Abu Dhabi earlier this afternoon. During the meeting, all agenda items were approved including the report of the Board of Directors on the Company’s activities and its financial position for the year ended 31 December 2010.
Diary of an armchair investor
There’s plenty of ammunition for taking cheap shots at Aldar Properties. For a start, the company lost more than AED1bn every month last year after a massive writedown of property assets. There’s the continued weakness of the Abu Dhabi property market. Then there’s Ferrari World. Aldar’s flagship theme park was barely a quarter full last Saturday when I took my 11-year-old nephew, who was bored within an hour.
Abu Dhabi Earth Hour 2011 video reveals government together with its people and businesses taking action for the planet
In celebration of Earth Day, a 3-minute high definition video released by the Emirates Wildlife Society in association with WWF (EWS-WWF) and twofour54, Abu Dhabi’s regional centre of excellence for Arabic content creation in the media and entertainment industry,reveals a government together with its people and businesses taking action for the planet.
Abu Dhabi developer halts $300m Libya project
Al-Maabar planned to float a construction tender in April for its Al-Waha mixed-use development in Tripoli. The project, launched in late 2009, is a joint venture with Libyan Investment & Development Company (LIDCO).
Abu Dhabi homes for international buyers released
Abu Dhabi-based developer Aldar Properties started to release new homes at the city’s Al Zeina project this week, one of the first developments in the area to have been designed for international buyers.
Aldar wins three Cityscape Abu Dhabi Awards
Aldar Properties, Abu Dhabi’s leading property development, management and investment company, is pleased to announce that it received three awards at the 2011 Cityscape Awards for Real Estate which were presented last night at a gala dinner at the Emirates Palace Hotel. The awards honour those who have demonstrated a commitment to excellence and the development of projects both built and future.
UAE house prices ‘to fall as supply weighs’
House prices in Dubai are set to plummet another 10 percent before they stabilise, extending the pain of a historic crash, while prices in Abu Dhabi will drop another 20 percent, a Reuters poll showed on Tuesday.
Call for comprehensive set of real estate regulations
The emirate of Abu Dhabi should develop a comprehensive set of real estate regulations to make mortgage, brokerage, and land registration procedures more transparent. A large portion of Al Raha Beach development will be handed over to the buyers in the next 12 months.
