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Aldar HQ completion to double office space
HQ is the first of many other planned developments at Al Dana, the Central Business District of Al Raha Beach. A key part of the Abu Dhabi 2030 Plan, Al Raha Beach is perfectly located for accessing the traditional Central Business District on Island as well as future locations such as the Capital District, the release claimed. Aldar is offering a range of integrated tenant services and there will be a comprehensive range of facilities that include a gym, numerous food and beverage outlets, convenience stores and restaurants, the company said.
Abu Dhabi’s Aldar posts $129.4m Q2 net loss
The company said first-half loss was AED789.5m after a profit of AED1.14bn a year earlier. “The decrease was principally due to lower property sales recognised,” Aldar said in an e-mailed statement. “The second half of this financial year is expected to be different due to the revenue generated from the delivery of Aldar’s projects at Al Raha Beach and Al Gurm.”
Aldar posts Dh789m loss
Dubai: Aldar Properties, Abu Dhabi’s property development, investment and management company, posted a net loss of Dh789.5 million for the first six months of 2010, compared to a net profit of Dh1.14 billion for the same period last year as sales declined. The company expects better results for the second half of 2010 on the back of revenue generated from the delivery of the Al Raha Beach and Al Gurm projects. The company also made Dh695 million worth of sales during the first six months of this year which will be recognised in future periods.
UAE tops US$ 1.3 trillion GCC construction market with growth expected in 2011
The five are the US$ 40 billion development of the Capital District situated between Abu Dhabi International airport and Mohammed bin Zayed City, the US$ 37 billion Yas Island development, the US$ 27.5 billion development of Sadiyat Island, the US$ 22 billion creation of the Masdar sustainable city, the US$ 15 billion development of Al Raha Beach and the US$ 12 billion Road Transport Authority project to construct 500 km of roads.
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.
Mott MacDonald designs bridges for Al Raha Beach Development, Abu Dhabi
“This role continues Mott MacDonald’s successful involvement in the Al Raha Beach development for Aldar Properties PJSC which last year also saw the design of the 6 avenue bridges, a comprehensive review of the public realm design and this successful track record demonstrates the world class skills and local knowledge we bring to all of our projects.”
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 …
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