Established in 2010, Aabar Properties LLC operates under the umbrella of Aabar Investments PJS, formerly owned by the International Petroleum Company established by the Abu Dhabi government. Specializing in construction and investment management in the real estate sector, the company prides itself on delivering quality developments. In 2016, Aabar Properties underwent restructuring and was acquired by Mubadala Investment.
ADM : 20230000095124 CN : 2301096
While expanding globally into Dubai, Morocco, Jordan, and other regions, the company’s primary focus remains on Abu Dhabi. Aabar Properties actively contributes to “Abu Dhabi’s Vision 2030” through various development projects. Headquartered in Abu Dhabi, the company employs 30 professionals, each with expertise in different areas of the property sector.
Aabar Properties excels in both commercial and residential developments. Among its notable projects is Bay Tower, a 46-storey residential building on Corniche street offering two to five-bedroom apartments with sea views. Another popular complex, Al Durrah Tower, comprises two 42-floor buildings with one to four-bedroom apartments and penthouses on Al Reem Island. Lamar Residence, situated at Al Seef Precinct on Al Raha Beach, features 440 properties, including one to four-bedroom apartments and two to four-bedroom townhouses.
The Kite, a 29-floor residential development on Al Reem Island, offers 126 two and three-bedroom apartments, with exclusive four-bedroom units and penthouses available. Since its inception, Aabar Properties has developed over 6,000 units in Abu Dhabi, with a focus on key areas like Al Raha Beach, Al Reem Island, Rawdhat, and Saraya.
Aabar Properties actively aligns its projects with Abu Dhabi’s Vision 2030. The company’s commitment to quality is evident in completed projects like The Wave and Al Durrah Tower. Lamar Residences, completed in October 2017, is another significant development on Al Raha Beach. Bay Tower, completed in June 2019, stands out as one of the company’s latest projects in Abu Dhabi city.
Not limited to residential and commercial complexes, Aabar Properties also ventures into commercial establishments. The Curve, located on Sheikh Zayed Road in Dubai, houses retail shops. Commercial projects in Al Raha and Rawdhat areas in Abu Dhabi further showcase the company’s diverse portfolio.
Beyond the UAE, Aabar Properties is expanding globally, with committed projects in Morocco (Tangier, Casablanca, Rabat) and a five-star hotel in Jordan. The company envisions extending its presence into Europe and China through collaborative and partnership-based projects. Aabar Properties stands out not only for its diverse portfolio but also for its commitment to quality and global expansion.
Aabar Properties is due to expand its portfolio into the hospitality sector in Dubai towards the launch of Expo 2020. The main areas in their development plans are Business Bay and Al Jaddaf. One of the most promising projects is a five-star hotel on 1st Khaleej Al Tejari Street in Business Bay which will have views of the Burj Khalifa and Dubai Canal. The hotel will consist of 600 rooms, suites and apartments that will all have a contemporary design. In the Al Jaddaf area there will be three hotels of different ratings along with three serviced apartment buildings with views of the Dubai Canal.
The company is not only focused on real estate but is working hard at making customer and investors profits better. There are some benefits of Aabar Properties that investors might want to take into account:
Even though Aabar Properties is a fairly young company in terms of being established, it has already developed a number of successful projects in Abu Dhabi and Dubai.
The company plans to expand worldwide and has already started to grow their presence in Jordan and Morocco.
Aabar Properties has numerous well-developed residential projects with an average return on investments of 7%. For instance, ROI from a property in Al Durrah Tower is a minimum of 6.1% and from Bay Tower it is 9%.
Headquarter - Office #1102
Makeen Tower, Al Zahiya,
Abu Dhabi – UAE
Tel: +971 2 666 0553
Toll Free - 800 795
info@royallp.com
Saadiyat Branch
The Collection, St Regis Resort Saadiyat Al Saadiyat Island Abu Dhabi – UAE
Toll Free - 800 795
Saadiyatsalescenter@royallp.com