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Rolls-Royce opens Abu Dhabi office

Posted on Dec 20, 2011 in Business & jobs, Featured, Press | 0 comments

The office, located in the new “HQ” building, developed by Aldar Properties, will become home to all Rolls-Royce employees in Abu Dhabi. Rob Watson, Rolls-Royce, Regional Director – Middle East, said: “This is an exciting time and an important milestone in the continuing development of our business in the UAE.

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Aldar builds on success as momentum increases

Posted on Nov 18, 2011 in ALDAR, Featured | 0 comments

Aldar Properties, the developer behind some of Abu Dhabi’s most eye-catching projects, yesterday posted its third straight profitable quarter since the company’s debt was restructured in January.

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1,220 units at Al Raha completed

Posted on Nov 18, 2011 in Accommodation, Featured, Gulf News | 0 comments

Abu Dhabi’s largest real estate developer Aldar Properties’ chief executive officer has said that 1,220 units have been completed this year at the Al Raha Beach development and another 800 units will be completed by the end of this month.

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Luxury digs coming to Corniche

Posted on Sep 15, 2011 in Accommodation, The National | 0 comments

The new towers on the Corniche are coming on to the market at the same time as thousands of apartments are being completed on Reem Island and Raha Beach. Jones Lang LaSalle predicts that 16,000 new homes will be completed in Abu Dhabi this year.

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Rental prices in Abu Dhabi fell by 10 per cent

Posted on Jul 27, 2011 in Business & jobs, Featured, Gulf News | 0 comments

Rents in Abu Dhabi fell by 10 per cent in the second quarter as supply continued to outweigh demand amidst expectations that this phenomenon will prevail for the rest of the year whereby up to 14, 000 residential units, primarily high end, will be handed over in Abu Dhabi by the end of 2011.

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Dubai house prices seen declining another 20 per cent

Posted on Jul 22, 2011 in Accommodation, Business & jobs, Featured, Press | 0 comments

Investment bank Rasmala reckons a 20 per cent downside potential to property prices in Dubai, estimating that an additional 35,000 homes will be delivered in the emirate between 2011 and 2013 – boosting the existing housing stock of an estimated 330,000 units by about 10 per cent.

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Handover of Al Zeina homes begins

Posted on Jul 19, 2011 in Accommodation, Featured, Gulf News | 0 comments

Aldar Properties said on Monday that hand-over to homeowners has commenced at the beachfront Al Zeina residential development in its Al Raha Beach project. “Delivery of the first phase of the development which consists of three precincts… began last week, with the remaining homes scheduled for delivery this September,” Aldar said in a statement.

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