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Aldar Investment unveils $136m Yas Mall revamp plan

Aldar Investment unveils $136m Yas Mall revamp plan
ABU DHABI, 7 days
ago
Aldar Investment, a real estate investment unit of UAE developer Aldar, has announced a AED500 million ($136 million) redevelopment plan for its retail destination, Yas Mall to reinforce the asset’s position as the centrepiece of Yas Island, Abu Dhabi’s fast-growing residential and leisure hub.

The substantial investment will enhance the customer journey by reimagining the mall’s spaces and introducing new innovative retail concepts, said the statement from Aldar.

The redevelopment will add a total of 15,000 sqm of office space to Yas Mall. This includes the recently launched Cloud Spaces, a co-working space designed as a differentiated business concept, which marks the first milestone in the redevelopment. ....

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Dhs500 million Yas Mall extension will add more than 100 shops

Dhs500 million Yas Mall extension will add more than 100 shops
whatson.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whatson.ae Daily Mail and Mail on Sunday newspapers.

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Abu Dhabi's Aldar to expand co-working spaces in Yas Mall in $136m post-pandemic revamp

Abu Dhabi's Aldar to expand co-working spaces in Yas Mall in $136m post-pandemic revamp
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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Abu Dhabi's Aldar to spend Dh500m to upgrade Yas Mall

Abu Dhabi's Aldar to spend Dh500m to upgrade Yas Mall
thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.

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Aldar bullish about growth of fee-based businesses amid international expansion ambitions

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Developer Aldar Properties expects its fee-based revenue to increase as it expands its asset management business amid growing profitability.
The company manages about Dh2 billion in assets owned by third parties and is “taking on more asset management” projects, chief executive Talal Al Dhiyebi told Bloomberg TV yesterday.
Aldar Development, the unit responsible for developing its 7,500-hectare land bank in Abu Dhabi, also reported strong growth.
“Our development unit, which is normally more cyclical compared to our asset management [business], right now gives a very strong recurring income,” said Mr Al Dhiyebi.
He said cash collection for the developer remained strong. ....

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