Mamsha Gardens
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Aldar Properties is a leading real estate developer in Abu Dhabi and one founded in 2004 by Christopher Sims, the first CEO of the company, and listed to Abu Dhabi market in 2005. In 2013 the company united with Sorouh Real Estate, one of the largest real estate developers in UAE, and in 2018 it was announced about “strategic partnership”, between Aldar and Emaar, leading real estate developer in Dubai.
ADM : 20230000095124 CN : 2301096
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Aldar Properties is a leading real estate developer in Abu Dhabi and one founded in 2004 by Christopher Sims, the first CEO of the company, and listed to Abu Dhabi market in 2005. In 2013 the company united with Sorouh Real Estate, one of the largest real estate developers in UAE, and in 2018 it was announced about “strategic partnership”, between Aldar and Emaar, leading real estate developer in Dubai.
Now it’s one of the most well-known developers, management and investment companies in the United Arab Emirates. The chairman of Aldar Properties is Mohamed Khalifa Al Mubarak, and Chief Executive Officer is Talal Al Dhiyebi. Key shareholders are state-owned Mubadala Development Company, Abu Dhabi Investment Authority, Abu Dhabi National Hotels, National Corporation for Tourism & Hotels, and the privately owned National Investor. Aldar’s shares are traded on the Abu Dhabi Securities Exchange.
The company established to provide Abu Dhabi’s development by creating new high-quality communities fitted for residential and commercial facilities and operates through six business segments: Property Development and Sales, Investment Properties Portfolio, Operative Village, Hotels, Schools and Leisure.
From its beginnings i to now days, Aldar continues to create and enhance the shape of Abu Dhabi with completed projects and with the new ones. Should be noted that most of them reach international interest.
Aldar Properties PJSC boasts an extensive land bank exceeding 77 million sq. ft., with special investment zones covering 90% of the land, open to foreign nationals for acquisition. Renowned for creating vibrant neighborhoods in Abu Dhabi, notable developments include Reem Island, Saadiyat Island, and Yas Island. Headquartered in Al Raha, the company has gained international recognition for various projects.
Yas Mall, the largest in Abu Dhabi, sprawls over 2.5 million sq. ft. on Yas Island. Boasting 400 international stores, 90 eateries, a 24-screen cinema, and an expansive entertainment zone, it’s a premier destination. Connected to Ferrari World Abu Dhabi, free shuttle services link the mall to Yas Island, approximately a 30-minute drive from the city center.
Yas Marina Circuit, a technological marvel, hosts the annual Formula 1 Etihad Airways Abu Dhabi Grand Prix. Accommodating 50,000 spectators, it features a drag strip, driving academy, and karting. The iconic Yas Viceroy Abu Dhabi Hotel, the world’s first built over an F1 Circuit, enhances the experience. The venue is easily accessible via Sheikh Zayed Bin Sultan St/E10 and Yas Dr St.
The Gate Towers on Reem Island are part of the award-winning Shams Gate development, offering 991 units completed in April 2014. With diverse offerings like apartments, townhouses, and penthouses, it includes amenities like a sauna, parking, smart systems, squash courts, swimming pool, gym, BBQ decks, and more.
Mamsha Al Saadiyat, located in Saadiyat Cultural District, provides easy access to cultural landmarks. Completed in June 2019, it offers premium apartments, penthouses, and townhouses with amenities such as a beach promenade, retail center, walking/cycling tracks, a kids playground, and gardens.
Aldar Properties emerged as the largest listed developer in Abu Dhabi in 2020, managing over 25,000 land plots and villas valued at AED 30B, USD 8B. Despite the pandemic, the company’s net profit surged by 80% in Q1 2021, reaching AED 544M, USD 148M.
Noya Luma, Aldar’s latest addition on Yas Island, is set to start construction in November 2021, featuring 189 standalone villas with a starting price of AED 2.4M, USD 653.4K. Noya Viva, another project on Yas Island, witnessed significant demand, selling 480 units in 48 hours. The minimum price for these villas and townhouses is AED 1.6M, USD 435.6K.
The Bridges on Reem Island, comprising six mid-rise towers with 636 apartments, was completed in Q2 2020. Offering residences for sale and rent, it provides amenities like a café, pop-up shops, and outdoor gym equipment, with prices starting at AED 580K, USD 158K.
Saadiyat Reserve on Saadiyat Island, anticipated for completion in Q1 2022, is a villa project featuring community facilities such as a central plaza market, swimming pool, community amphitheater, and various sports courts. Land plots in Saadiyat Reserve start at a minimum of AED 1.7M, USD 463K.
The consistent success of Aldar Properties reflects its resilience and innovation in the real estate market, driving demand for prime properties despite challenging global conditions.
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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