All Entries Tagged With: "Al Raha Beach and Al Gurm"

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.”