Al Dar Properties

Aldar Properties PJSC has released a review report and interim financial information for the six-month period ending on June 30, 2024.

Aldar Properties has launched The Arthouse, an exclusive residential community in Abu Dhabi's Saadiyat Cultural District. Inspired by private members' clubs, The Arthouse offers 281 premium apartments and sky villas designed for residents with a shared interest in arts and culture. The community features vibrant spaces such as an art studio, gallery, and creative rooftop majlis to encourage collaboration and creativity among residents. The Arthouse is situated near major cultural attractions like the Guggenheim Abu Dhabi, Louvre Abu Dhabi, and Zayed National Museum.

Aldar Properties has received the UAE's first LEED Platinum certification for community planning and design at Athlon, a new residential project in Dubai. This certification, awarded by the U.S. Green Building Council, highlights Athlon's focus on sustainability, supporting net zero goals, and promoting healthy, active living. This achievement adds to Aldar's portfolio of five existing LEED Platinum certified assets for Operations and Maintenance in the UAE. The community features energy and water-saving fixtures, smart waste disposal systems, electric vehicle charging points, and shaded walkways and bicycle routes. It is built using low-carbon and locally sourced materials, aligning with the UAE’s Net Zero by 2050 ambition and Aldar’s sustainability objectives.

Aldar Properties PJSC, a prominent real estate developer in the UAE, announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC). The project will feature a net leasable area of 88,000 sqm and will include a luxury boutique hotel and branded residences. Additionally, Aldar has signed an agreement to acquire '6 Falak,' a fully occupied Grade A office building in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business districts and align with its strategy to provide premium office spaces.

Aldar Properties PJSC announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC). The tower will feature a net leasable area of 88,000 sqm and will include a luxury boutique hotel and branded residences. Additionally, Aldar has signed an agreement to acquire '6 Falak,' a fully occupied Grade A office building in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business sectors and align with its strategy to provide premium office spaces in major business districts.

Aldar Properties PJSC has announced plans to develop a Grade A office tower on Sheikh Zayed Road near the Dubai International Financial Centre (DIFC), featuring a net leasable area of 88,000 sqm, a luxury boutique hotel, and branded residences. Additionally, Aldar has signed an agreement to acquire the fully occupied Grade A office building '6 Falak' in Dubai Internet City. These investments, totaling AED 1.8 billion, aim to expand Aldar's presence in Dubai's key business sectors and align with its strategy to provide premium office spaces in major business districts.

Resolution No. 439 of 2024 temporarily suspends the trading of Al Dar Properties shares on the Abu Dhabi Securities Exchange (ADX). This decision is due to a Board of Directors meeting scheduled for 09:00 on 29-Jul-2024, which coincides with the trading session. Trading will resume once ADX receives the meeting results. All relevant departments within ADX are instructed to implement this resolution. The resolution will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on 23/07/2024.

Resolution No. (438) of 2024 announces the temporary suspension of trading in the shares of Al Dar Properties. The suspension will begin at 10:00 on July 29, 2024, due to a Board of Directors meeting scheduled at 09:00 on the same day, which coincides with the trading session at ADX. Trading will resume once ADX receives the meeting results. The resolution mandates all ADX department heads to implement the suspension and requires that it be communicated to the SCA, the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on July 23, 2024.

The Board Meeting Disclosure Form for Aldar Properties PJSC is scheduled for Monday, 29th July 2024, starting at 09:00 am. The meeting agenda includes discussing the company's financial performance for Q2 2024 and considering general business, operational, and strategic items. The authorized signatory for this disclosure is Mohammad H. Abedalrahman, who holds the position of Company Secretary.

Aldar Properties announced the sale of over 660 units at Verdes by Haven, its first apartment offering in Dubai, within 72 hours of launch. Expatriate residents and overseas buyers accounted for 83% of sales, with the top international markets being India, Egypt, and the UK. UAE nationals made up the remaining 17%. Notably, 88% of buyers were purchasing from Aldar for the first time. The sales events generated over AED 1 billion and were held at various locations, including the Dubai World Trade Centre and internationally. The positive response underscores Aldar's growing appeal and momentum in Dubai's real estate market.