Al Dar Properties

Aldar Properties has announced the successful sell-out of the first two phases of its first residential development in Dubai, 'Haven by Aldar', generating over AED 3.1 billion in sales. On launch day, 786 villas and townhouses were sold, with 77% of the buyers being overseas and expatriate residents and 23% being Emiratis. First-time Aldar buyers represented 85% of sales. The final phase of the development is set to launch in early 2024.

The document is a review report and interim financial information for ALDAR PROPERTIES PJSC. It covers the financial performance of the company for a period of nine months, ending on 30th September 2023.

The text appears to be an introduction to a review report and interim financial information for ALDAR PROPERTIES PJSC. The financial data covers a nine-month period ending on 30 September 2023.

The Board of Directors of Aldar Properties PJSC held a meeting on 30th October 2023, starting at 09:00 am and ending at 09:30 am. All seven board members were present, achieving a 100% quorum. The board approved the financial statements for Q3/2023 and discussed general business, operational, and strategic items. The meeting was documented and signed by the Company Secretary, Mohammad Hatim Abedalrahman.

Aldar Properties has announced its first residential development in Dubai, named Haven by Aldar. The community is designed as a wellness retreat located in a quiet suburb of Dubai. It features 462 residential units, ranging from three- to six-bedroom properties, available to buyers of all nationalities from 31 October. The development spans almost 1 million sqm and includes a treehouse community centre, a central park, meditation pavilion, zen gardens, and a spa. Haven by Aldar is aiming for LEED Gold and Fit-Well 3 Star ratings, aiming to be the first community in the UAE with both certifications.

Resolution No. 218 of 2023 was issued concerning the temporary suspension of trading on the shares of Al Dar Properties. This decision is subject to article No. 16 of the Regulations concerning the listing of securities on ADX. The resolution was made in light of the Al Dar Properties Board of Directors meeting scheduled for 09:00 on 30-Oct-2023, which coincides with the trading session at ADX. Consequently, trading in ALDAR shares will be suspended from 09:30 on 30-Oct-2023 until ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution, issued on 25/10/2023, has been approved by the authorised person.

The Board Meeting Disclosure Form for Aldar Properties PJSC, dated 25th October 2023, announces a board meeting on 30th October 2023 at 9:00 am. The agenda includes reviewing the company's financial performance for Q3/2023 and considering general business, operational, and strategic items. The authorized signatory for the form is Mohammad H. Abedalrahman.