Al Dar Properties
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Aldar has launched Mamsha Gardens, a resort-style residential development on Saadiyat Island in Abu Dhabi, near Mamsha Al Saadiyat and the Saadiyat Cultural District. The development includes 493 luxury apartments and townhouses with iconic views, surrounded by lush gardens and premium retail spaces. Located within 200 meters of Mamsha Beach, the area is being enhanced to offer a French Riviera-inspired elegance. Mamsha Gardens features a walkway connecting residents to cultural and leisure attractions on the island, including premium retail experiences at Saadiyat Grove. Designed by ACME Architecture, the project incorporates landscaped gardens with water-efficient irrigation systems.
Aldar Properties PJSC has released a review report and interim financial information for the nine-month period ending on September 30, 2024.
Aldar Properties PJSC has released its review report and interim financial information for the nine-month period ending on September 30, 2024.
Aldar Properties PJSC held a Board of Directors meeting on Tuesday, October 29, 2024, from 9:00 am to 9:35 am, with six members present, achieving a quorum of 85.7%. The meeting resulted in the approval of the financial statements for the third quarter of 2024 and the consideration of general business, operational, and strategic matters. The authorized signatory for the meeting was Mohammad Hatim Abedalrahman, the company secretary.
Resolution No. (488) of 2024 concerns the temporary suspension of trading shares of Al Dar Properties on the Abu Dhabi Securities Exchange (ADX). This decision is made in accordance with Article No. (16) of the Regulations concerning the Listing of Securities on ADX. The suspension will occur from 09:00 on October 29, 2024, coinciding with the Al Dar Properties Board of Directors meeting, and will remain in effect until ADX receives the meeting results. All relevant departments in ADX are instructed to implement this resolution, which will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on October 24, 2024.
Aldar Properties PJSC has scheduled a board meeting for Tuesday, 29th October 2024, at 9:00 am. The agenda includes discussing the company's financial performance for the third quarter of 2024 and considering general business, operational, and strategic matters. The authorized signatory for this disclosure is Mohammad H. Abedalrahman, who holds the position of Company Secretary.
Aldar has announced a partnership with Mandarin Oriental to develop Abu Dhabi's first Mandarin Oriental branded residences on Saadiyat Island. Scheduled to launch for sale later in 2024, the development will feature 228 luxury residences with panoramic views of the Arabian Gulf and Zayed National Museum. Located in the Saadiyat Cultural District, the residences will be near world-class museums, dining, and entertainment options. This collaboration highlights Abu Dhabi's growing appeal as a global destination and addresses the increasing demand for luxury branded residences.
Aldar Properties and Mubadala Investment Company have begun construction on One Maryah Place, a two-tower Grade A commercial development on Al Maryah Island in Abu Dhabi. This project will provide around 98,000 square meters of new office space to meet the increasing demand from global corporations and financial institutions at the Abu Dhabi Global Market (ADGM), an international financial center.
Aldar and Expo City Dubai have formed a joint venture to develop a mixed-use project comprising six buildings, valued at over AED 1.75 billion. This development will include residential, office, and retail spaces, enhancing Expo City Dubai's appeal as a desirable location for living, working, and leisure. The project aligns with Expo City's master plan to boost investment and business in Dubai South and adheres to both partners' Net Zero commitments, promoting sustainable urban living. Located near Al Maktoum International Airport and the Dubai Exhibition Centre, the development is well-connected by major highways and a metro station. It is part of a larger plan to expand the Dubai Exhibition Centre, increasing its exhibition space significantly by 2031.