All Entries Tagged With: "ALDAR"
Rental prices in Abu Dhabi fell by 10 per cent
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.
Dubai house prices seen declining another 20 per cent
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.
UAE car retailers begin preparing for Aldar’s Motor World opening
The first phase of Motor World, Aldar’s custom-designed destination for new and used car showrooms and servicing facilities in Abu Dhabi, is now being handed over to retailers. All 100 shops, which are all leased, have been completed on schedule and car retailers will now begin the process of fitting out their showrooms as Motor World progresses to its official opening at the end of the year.
First phase of Al Falah on track
Aldar, Abu Dhabi’s property development and investment company, announced that the first phase of the Al Falah residential housing community is on schedule to be handed over to the Abu Dhabi Urban Planning Council (UPC) early next year.
Developer embarks on huge Abu Dhabi affordable housing project
Abu Dhabi-based developer Aldar started work on the first phase of its new Al Falah residential housing project this week. “Approximately 20% of the 4,857 villas are scheduled to be delivered to the Abu Dhabi Urban Planning Council in the first quarter of 2012, with the remainder to be delivered by the end of the year,” the company has told OPP.
Trouvay & Cauvin ink deals for Abu Dhabi projects
Trouvay and Cauvin Group, the Dubai headquartered pipe and valve specialist company, has announced that it has been appointed to supply products and services for two major Abu Dhabi based projects.
Petrochems lift Saudi index to 3-month high
Saudi Arabia’s index TASI hit a three-month high, led by petrochemical stocks, with the market buoyed by higher oil prices in the absence of a local catalyst. “Petrochemicals are currently the most favored by investors with heightened oil prices keeping the sector over a solid floor despite some stock specific profit taking activity,” said Amro Halwani, a senior trader at Shuaa Capital in Riyadh.
Mubadala man takes Aldar top spot
Aldar Properties has elected a new chairman from the top ranks of Mubadala Development to replace Ahmed al Sayegh, the company’s departing leader. Abu Dhabi’s largest property developer will be chaired by Ali Eid al Mehairi, a UAE national who heads Mubadala Infrastructure.
