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RIYADH: Aldar Properties, Abu Dhabi's biggest developer, has built up 6.8 billion dirhams ($1.85 billion) in capital, and is considering investments in large real estate portfolios to grow its management business, Bloomberg reported. Aldar has the resources to make purchases both in its home market and around the UAE, according to chief financial officer Greg Fewer. It is ....
Dubai: Living in the UAE isn’t cheap. If you are used to prices back home, whether that’s in India, Egypt, the Philippines, The UK or America, you will notice that life is slightly more expensive here. It can be quite an adjustment, especially if your salary’s been cut. The first piece of advice anyone will give you if they hear about your income decreasing, is: Do not spend that money on anything non-essential. You should be able to survive these next few months without food delivery, online shopping or frivolous grocery expenses. However, there are some things that you cannot live without spending on: ....
Aldar Properties reports revenue of Dhs8.39bn for 2020, up 17% 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Its 2020 gross profit also rose 8 per cent to Dhs2.98bn by Gulf Business February 15, 2021 Abu-Dhabi headquartered real estate development, management and investment company Aldar Properties reported a 17 per cent rise in revenue to Dhs8.39bn for 2020 on Sunday, February 14. Its 2020 gross profit also rose 8 per cent to Dhs2.98bn. Its full-year net profit decreased slightly by 2.5 per cent from Dhs1.98bn in 2019 to Dhs1.93bn for 2020. “Abu Dhabi has successfully navigated the considerable challenges of the global pandemic and is now moving into recovery,” said Mohamed Al Mubarak, chairman of Aldar Properties, Abu Dhabi’s largest real estate developer. ....
UAE’s Aldar Estates acquires Asteco Property Management 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP UAE’s Aldar Estates acquires Asteco Property Management Aldar Estates now manages more than 32,000 units under property management and nearly 28,000 units under owners’ association management February 14, 2021 Aldar Estates has acquired the full-service real estate services company Asteco Property Management and all its branches across Abu Dhabi and Dubai last week. Aldar Estates will through the acquisition scale up its existing integrated estate management solutions to include building consultancy, valuation and advisory as well as franchising services, it said in a press statement. ....
Aldar Estates acquires realty management firm 12 Feb 2021 Picture used for illustrative purpose. Aldar Estates, a recently established estate management company that consolidated Aldar Properties’ retail operations alongside existing residential and commercial real estate operations managed by ‘Provis Estate Management’, has acquired the award-winning full-service real estate services company Asteco Property Management and all its branches across Abu Dhabi and Dubai. Through the acquisition, Aldar Estates will scale up its existing integrated estate management solutions to include building consultancy, valuation and advisory as well as franchising services. Jassem Saleh Busaibe, Chairman of Aldar Estates and Chief Executive Officer at Aldar Investment, said: “This major acquisition transaction, together with the significant consolidation bringing in the retail operations, firmly positions Aldar Estates as the largest estat ....