Aldar Properties

Aldar Properties PJSC, established in 2004, stands as a pivotal real estate development and asset management company headquartered in Abu Dhabi. The company was brought to life through a public joint stock company designation by the Government of Abu Dhabi. From its inception, Aldar's strategic objective has been to shape the urban landscape of Abu Dhabi, delivering large-scale, complex projects that serve the emirate's long-term vision.

The company operates a diversified business model structured around two core segments: Aldar Development and Aldar Investment. Aldar Development is responsible for the company's extensive land bank and the execution of residential, commercial, and retail projects for sale to customers. This division's revenue is primarily generated from the sale of properties, including land plots, villas, and apartments. Key developments under this arm include prominent destinations like Yas Island, Saadiyat Island, and Al Raha Beach. Aldar Investment, on the other hand, focuses on managing a robust portfolio of income-generating real estate assets. This portfolio encompasses retail spaces (like Yas Mall), residential properties for lease, commercial office spaces, and hospitality assets, providing a steady stream of recurring revenue. The company serves a broad client base, from individual homebuyers and tenants to international corporations seeking commercial space.

Aldar has delivered some of Abu Dhabi's most iconic and architecturally significant projects. Among its landmark achievements are the circular Aldar Headquarters building, the Gate Towers on Al Reem Island, and the Yas Marina Circuit, which hosts the Formula 1 Abu Dhabi Grand Prix. In recent years, Aldar has embarked on a strategic expansion beyond Abu Dhabi, entering markets in Dubai and Ras Al Khaimah. The company has also been actively acquiring assets and partnering with other major players, such as its 2023 acquisition of London-based developer London Square for AED 1.07 billion and a joint venture with Mubadala to acquire a commercial tower. Demonstrating its financial strength, Aldar reported a 40% increase in net profit to a record AED 4.4 billion for 2023, driven by record development sales.

Keywords: real estate development, asset management, Abu Dhabi property, residential projects, commercial properties, retail assets, hospitality, investment portfolio, master-planned communities, Yas Island