Leading property development and tourism infrastructure firm RAK Properties has announced the delivery of Bermuda Villas, its latest residential development in Mina Al Arab. The villas, the latest edition to the company’s already diverse property portfolio, was developed to help meet the growing demand for residential property in the emirate of Ras Al Khaimah. Designed …
Tag Archives: property development
twofour54 appoints Aldar to develop new home on Yas Island
twofour54, Abu Dhabi’s thriving media and entertainment free zone, has appointed Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, as the strategic real estate partner of the Media Zone Authority, to be the developer of its new, permanent home which will be situated on Yas Island. The agreement was signed in …
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Aldar Properties reports 39% increase in Q1 2017 Gross Profit to AED 753 million
Aldar Properties PJSC , Abu Dhabi’s leading listed property development, investment and management company, announced a 39% increase in Gross Profit to AED 753 million for the first quarter ended 31 March 2017, up from AED 542 million in Q1 2016. Q1 Financial highlights: Revenue grew 28% to AED 1.58 billion, driven by revenue recognition …
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Abu Dhabi’s Aldar Properties awards $460m development contract for Yas Acres
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island – Yas Acres. Trojan General Contracting will mobilise on site immediately as it works on all infrastructure, 652 villas and …
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China Vanke’s net profit rises 16% to RMB21.02 billion sales amounts in 14 cities exceed RMB10 billion in 14 cities, actively explores new businesses
China Vanke Co., Ltd. announced that its revenue for the year ended 31 December 2016 amounted to RMB228.92 billion, representing a year-on-year increase of 24.2 per cent; with profit attributable to equity shareholders of the Company rose by 16.0 per cent year-on-year to RMB21.02 billion. Basic earnings per share were RMB1.9, representing a 16.0 per …
Abu Dhabi’s Aldar awards AED 500 million development contract for Mayan
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot General Construction, one of the leading construction companies in the region. The AED 500 million contract will deliver the construction of five, eleven-storey buildings …
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Rotana signs agreement with RSG International for a new five star hotel and serviced apartment project in Dubai
Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today signed an agreement with RSG International, a UAE-based global conglomerate, with interests in the property development, automotive and industrial equipment sectors across the Middle East, North America and South Asia, for a new five star hotel …
Aldar Properties to invest AED1.9 billion in recurring revenue assets on Yas and Reem Islands
Aldar Properties PJSC , Abu Dhabi’s leading listed property development, investment and management company, announced further details of its current investment programme. This programme will expand Aldar’s asset management portfolio, driving growth of recurring revenue. The investments announced comprise mid-market residential, hospitality & leisure, and retail assets on Yas Island and Reem Island. They amount …
KSH wins S$145.7 million contract To build research building for the National University Of Singapore
KSH Holdings Limited , a well-established construction, property development and property management group, announced it has clinched a S$145.7 million contract from the National University of Singapore (“NUS”). Under the scope of the project, KSH will erect a Research Building comprising 16 floors and a basement. The project, which will lift KSH’s order book to …
Abu Dhabi’s Aldar Properties reports an 8% increase in net profit to AED 2.8 billion for 2016
Aldar Properties PJSC , Abu Dhabi listed property development, investment and management company, today announced net profit of AED 2.8 billion for the financial year ended 31 December 2016, up 8% from AED2.6 billion in 2015. Underlining Aldar’s commitment to returning capital to shareholders, the company has proposed an 11 fils per share dividend for …