Aldar to expand asset management portfolio


March 21, 2017 | By RetailME Bureau

Abu Dhabi-based Aldar Properties PJSC is set to further expand its asset management portfolio as part its current investment programme, driving growth of recurring revenue.

The new projects – scheduled to start construction this year and complete during 2019 and 2020 – include a retail park at Yas Island acting as an extension to the Yas Island retail portfolio, which already comprises Yas Mall, IKEA and Ace Hardware. The new retail park will house F&B outlets and new car dealerships.

Next is the four-star Yas Mall Hotel attached to the mall, aimed at the family segment of the market. The hotel will have 349 keys, of which 70 will be serviced apartments, while Shams Marina will be a mixed-use development, comprising 329 marina residences, 192 serviced apartments, 262 key four-star hotel, along with a club house and private beach.

Finally, there will be 600 mid-market residential units on Reem Island. With this project Aldar is looking to capitalise on the untapped potential for high quality mid-market residential property in the heart of Abu Dhabi.

The investment totals AED1.9 billion, following the already invested AED1.1 billion in Al Jimi Mall extension, Daman House acquisition, Al Mamoura and Repton schools.

“The investments we are making meet our twin objectives of providing the market with the right products at the right time, whilst increasing our ability to grow long-term recurring revenues. We believe that the underlying fundamentals of Abu Dhabi’s economy provide a strong and supportive investment climate, thereby providing us with a solid platform for continued growth,” says Mohamed Khalifa Al Mubarak, CEO of Aldar Properties.

Comments

comments

Previous Article Next Article


TRENDS


The role of stores during the holiday season

The role of stores during the holiday season

What will be the role of stores during the holiday season in 

Continue Reading

September 21, 2020 | By RetailME Bureau
Converting mobile browsers into buyers

Converting mobile browsers into buyers

Converting mobile browsers into buyers is the task at hand, states Kalika 

Continue Reading

September 21, 2020 | By RetailME Bureau


MOST POPULAR


adidas Originals and LEGO team up

adidas Originals and LEGO team up

Global brands adidas Originals and LEGO team up to offer a playful 

Continue Reading

October 1, 2020 | By RetailME Bureau
ASOS launches its first circular fashion collection

ASOS launches its first circular fashion collection

British online fashion & lifestyle retailer, ASOS launches its first circular fashion 

Continue Reading

September 30, 2020 | By RetailME Bureau




YOU MAY ALSO LIKE /


Food Crowd is now delivering from farm to home

A new platform in the UAE, Food Crowd is now delivering from 

Continue Reading

October 1, 2020 | By RetailME Bureau
Eagle Hills Sharjah signs up Every Day Fresh Hypermarket

Eagle Hills Sharjah signs up Every Day Fresh Hypermarket to meet the 

Continue Reading

September 14, 2020 | By RetailME Bureau
BinDawood Holding reportedly sets IPO price

Saudi Arabia-based grocery retailer BinDawood Holding reportedly sets IPO price, indicates Reuters. 

Continue Reading

September 13, 2020 | By RetailME Bureau
Choithrams continues supporting UN WFP’s Zero Hunger campaign

For the sixth consecutive year, UAE-based supermarket chain Choithrams continues supporting UN 

Continue Reading

September 9, 2020 | By RetailME Bureau
BRW Society products will soon be available at Spinneys

Having been inducted into the Spinneys incubator programme, home-grown, online tea brand 

Continue Reading

September 8, 2020 | By Rupkatha Bhowmick
Urban Foods is on an expansion spreeUrban Foods is on an expansion spree

UAE-based Urban Foods, a strategic partnership between Meraas and Dubai Holding, is on 

Continue Reading

September 7, 2020 | By Rupkatha Bhowmick
Carrefour launches click & collect self-service at DIFC

Operated in the UAE by Majid Al Futtaim, Carrefour launches click & 

Continue Reading

September 7, 2020 | By RetailME Bureau
Tesco strengthens commitment to create employment opportunities

British grocery retail chain Tesco strengthens commitment to create employment opportunities through 

Continue Reading

September 7, 2020 | By RetailME Bureau
Waitrose & Partners UAE opens a convenience store in Al Barari

Waitrose & Partners UAE opens a convenience store in Al Barari, Dubai. 

Continue Reading

September 6, 2020 | By RetailME Bureau
Amazon-owned Whole Foods Market launched online-only store

Amazon-owned Whole Foods Market launches online-only store in Brooklyn, New York. This 

Continue Reading

September 3, 2020 | By RetailME Bureau
Interior of Grandiose Dubai

Grandiose Supermarket opens in Dubai Sports City, continuing to expand its presence 

Continue Reading

September 2, 2020 | By RetailME Bureau

UAE-based retailer Lulu Group has signed an agreement with the Royal Commission 

Continue Reading

August 31, 2020 | By RetailME Bureau




Download Images RetailME Magazine