Latest news with #AldarProperties
The National
a day ago
- Business
- The National
Aldar generates more than Dh3.5bn in home sales at Fahid Island launch
Aldar Properties generated more than Dh3.5 billion ($953 million) in sales from Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week, amid soaring property demand. The Fahid Island homes attracted a range of buyers. Expatriate residents and overseas purchasers accounted for 67 per cent of total sales, the developer said in a statement on Friday. Buyers from the UAE, Russia, the UK and China made up the top nationalities by sales volume. The company, Abu Dhabi's biggest listed developer, said 42 per cent of buyers were under the age of 45 and 67 per cent of them were first-time Aldar customers. Watch: Abu Dhabi to develop new island with one-bed apartments priced at $1 million Key demand drivers include Fahid Island's position as Abu Dhabi's first coastal wellness destination, its waterfront lifestyle and proximity to Kings College School Wimbledon, which sits within the wider wellness-inspired masterplan. 'The sales serve as a powerful validation of our vision to place wellness at the heart of community living,' Jonathan Emery, chief executive at Aldar Development, said. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations.' A one-bedroom unit at the new development is priced from Dh3.5 million. The massive project, which has a gross development value of Dh40 billion, will be built in phases. The first residential development – Fahid Beach Residences, with seven buildings – is expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island is being built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of the area dedicated to natural spaces. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage, according to a March report by real estate company Cushman & Wakefield Core. Aldar launches Fahid Island – in pictures The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said in May. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. In response to the 'overwhelming demand' for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House. The new development comprises 11 towers including studios and three-bedroom apartments. It offers views of the sea and Abu Dhabi skyline, shoreline access and connectivity to Coral Drive, the island's boutique retail boulevard. Aldar said on Friday it has planned further residential launches for Fahid Island. The island's waterfront promenade will have a combination of retail, dining and art experiences. Coral Drive will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island.
Zawya
12-06-2025
- General
- Zawya
DCD participates for the first time as part of the UAE delegation at the UN Conference of States Parties
Abu Dhabi – In line with its efforts to promote social development and strengthen Abu Dhabi's position as an inclusive city, the Department of Community Development (DCD) – Abu Dhabi participated for the first time as part of the United Arab Emirates delegation at the 18th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (COSP-18), held at the United Nations headquarters in New York, with the participation of representatives from over 180 countries. This participation reflects DCD's role as the regulator of the social sector and the main driver of the empowerment and inclusion of People of Determination in Abu Dhabi, in close collaboration with the Ministry of Family and the UAE's Permanent Mission to the UN. It exemplifies a unified national approach that reflects the UAE's commitment to human rights and to building a cohesive and inclusive society. During the event, the Department presented Abu Dhabi's pioneering experience in improving the quality of life for People of Determination through the Abu Strategy for People of Determination. One of its key accelerator initiatives highlighted was the 'Disability Friendly City & Community Framework' which is currently being piloted on Yas Island in partnership with Aldar Properties, and in collaboration with strategic partners including the Department of Municipalities and Transport and the Abu Dhabi Early Childhood Authority. The initiative aims to launch an 'Inclusive City Index' that can be applied globally. Since its inception, the Department has worked through such projects to provide an inclusive and empowering environment that enables all segments of society to actively participate in public life. This aligns with its mission to build a cohesive society where everyone enjoys equal opportunities for empowerment and support, and where everyone contributes effectively to the nation and the community. In this context, H.E. Dr. Layla Al Hyas, Executive Director- family care and child sector at DCD, affirmed that the Department's participation in COSP-18 embodies Abu Dhabi's commitment to building a more inclusive and equitable society, where cities are supportive environments for everyone without exception. She explained that this commitment has been translated into action through the pilot model on Yas Island, which reflects a vision for holistic urban transformation based on the needs of individuals and prioritizing quality of life in both urban and social planning. She added: 'We believe that effective social policies must be co-designed with the community and reflect its aspirations. That is why we are working on developing innovative indicators that promote evidence-based planning and contribute to more impactful programs. We also view People of Determination not merely as beneficiaries, but as true partners in shaping solutions and designing cities. Their active involvement in all stages of the framework's development reflects our belief that true empowerment begins with listening to their voices and integrating their visions into future policies and plans.'
Arab News
09-06-2025
- Business
- Arab News
UAE shares end higher as outcome of US-China trade talks awaited
LONDON: Stock markets in the UAE ended higher on Monday, in step with Asian peers, as investors awaited the outcome of US-China trade talks in London in the hope that a deal could boost the global economic outlook. Top US and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two super powers that has widened to export controls over goods and components critical to global supply chains. Dubai's benchmark index hit its highest levels since 2008 and settled up 1 percent, with almost all sectors in positive territory. Tolls operator Salik Company gained 2.3 percent and Deyaar Development surged 14.6 percent. In Abu Dhabi, the index was up for a third straight session and gained 0.1 percent, lifted by a 1.6 percent rise in blue-chip developer Aldar Properties and a 1.8 percent advance in Abu Dhabi's flagship energy firm Abu Dhabi National Energy Company. Most stock markets in the Gulf and Egypt including Saudi, Qatar, Kuwait are closed on Monday due to a public holiday.
Reuters
09-06-2025
- Business
- Reuters
UAE shares end higher as outcome of US-China trade talks awaited
June 9 (Reuters) - Stock markets in the United Arab Emirates ended higher on Monday, in step with Asian peers, as investors awaited the outcome of U.S.-China trade talks in London in the hope that a deal could boost the global economic outlook. Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two super powers that has widened to export controls over goods and components critical to global supply chains. Dubai's benchmark index (.DFMGI), opens new tab hit its highest levels since 2008 and settled up 1%, with almost all sectors in positive territory. Tolls operator Salik Company ( opens new tab gained 2.3% and Deyaar Development ( opens new tab surged 14.6%. In Abu Dhabi, the index (.FTFADGI), opens new tab was up for a third straight session and gained 0.1%, lifted by a 1.6% rise in blue-chip developer Aldar Properties ( opens new tab and a 1.8% advance in Abu Dhabi's flagship energy firm Abu Dhabi National Energy Company( opens new tab. ** Most stock markets in the Gulf and Egypt including Saudi, Qatar, Kuwait are closed on Monday due to a public holiday
Zawya
09-06-2025
- Business
- Zawya
Mideast Stocks: UAE shares end higher as outcome of US-China trade talks awaited
Stock markets in the United Arab Emirates ended higher on Monday, in step with Asian peers, as investors awaited the outcome of U.S.-China trade talks in London in the hope that a deal could boost the global economic outlook. Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two super powers that has widened to export controls over goods and components critical to global supply chains. Dubai's benchmark index hit its highest levels since 2008 and settled up 1%, with almost all sectors in positive territory. Tolls operator Salik Company gained 2.3% and Deyaar Development surged 14.6%. In Abu Dhabi, the index was up for a third straight session and gained 0.1%, lifted by a 1.6% rise in blue-chip developer Aldar Properties and a 1.8% advance in Abu Dhabi's flagship energy firm Abu Dhabi National Energy Company. ** Most stock markets in the Gulf and Egypt including Saudi, Qatar, Kuwait are closed on Monday due to a public holiday
