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ALDAR Properties   (ALDAR.ADSM)
Also known as: ALDAR
Last Trade
5.30 AED
- 1.49%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Mar 16, 2009
 
Joint Stock
 
 
Real estate property investment, development, leasing and management; ownership and management of shopping malls, hotels and primary schools; ready mix concrete production and construction services; district cooling systems; retail and corporate financing.
Addar Real Estate Services
2004 (July)
661 (As of Mar 02, 2009)
 
ALDAR 
Ordinary 
AED 
 
 Key Officers
Ahmad Ali Al Sayegh
Chairman
John Bullough
Chief Executive Officer
 
  Latest Headline
Listed realty firms' profits to hit Dh5.1bn - Emirates Business 24/7
 
  IPO Details
Listing Date:
05Apr05
Size of Offering:
$226.86M
Equity Offering:
55%
Lead
Managers:
Abu Dhabi Investment Company, The National Investor
 

  Sukuk Details
Sukuk Name: Aldar Properties Sukuk
Type of Structure: Modarabah
Issue Size (mil): USD  2,530.00
» View Sukuk Profile & Prices
Sukuk Name: Aldar Properties Sukuk II
Type of Structure: Ijarah
Issue Size (mil): AED  3,750.00
» View Sukuk Profile & Prices
 
  Business Overview
Aldar Properties (Aldar) was established in October 2004 as a real estate developer of retail, residential, commercial, entertainment and hospitality properties. Aldar has established itself as one of the major developers in the region with more than AED275.5 billion (USD75 billion) worth of projects in a diverse property development portfolio.

In November 2006, Aldar launched one of the largest real estate projects in the region: the Yas Island project, which occupies a total land area of 25 million sq. m. (270 million sq. ft.). The Island will feature attractions such as the world's first 'Ferrari World' themed park, a water park, and the Abu Dhabi destination retail development of 300,000 sq. m. (3.2 million sq. ft) retail area, golf courses, lagoon hotels, marinas, apartments, villas as well as food and beverage outlets. The first phase of the project is due for completion in 2009 with the inauguration of the Yas Circuit which will host the Abu Dhabi Formula 1 Grand Prix. Seven hotels will also be operational by the race day. The entire project is due for completion by 2014.

Another flagship project of Aldar is Al Raha Beach development, outside Abu Dhabi Island. With a total area of over 6 million sq. m. (557,000 sq. ft.) and 11 km of coastline, Al Raha Beach is fast evolving into one of the most notable waterfront cities in the world along with the gateway to the new Abu Dhabi which offers its 120,000 residents 43 km of waterfront living. The development consists of eleven precincts with master planned communities featuring unique residential, business, educational and entertainment facilities supported by modern infrastructure. As part of its expansion plan, Aldar is to commission seven hotels on its Yas Island destination in time for the UAE capital’s hosting of the finale round of the 2009 Formula One Grand Prix in November 2009. Aldar plans to build scores of hotels in various parts of the capital, including 20 on Yas Island alone to boost Abu Dhabi’s accommodation inventory.

Aldar partnered with the UAE government to set up 5,000 units for UAE nationals as part of its Al Falah development project. Aldar also expanded outside of the UAE with projects in Malaysia and Kazakhstan.

Aldar raised USD408.4 million (AED1.5 billion) when it listed its shares on the Abu Dhabi Securities Market (ADSM)Abu Dhabi Securities Market (ADSM)Loading... in October 2004. In August 2006, Aldar established the USD138 million (AED507 million) Aseel Finance CompanyAseel Finance CompanyLoading... as a joint venture with First Gulf BankFirst Gulf BankLoading..., Sorouh Real EstateSorouh Real EstateLoading... Company and Reem InvestmentsReem InvestmentsLoading....
 
 
 Major Shareholders
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  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
ALDAR Academies UAE 100.00%
ALDAR Commercial Property Developments UAE 100.00%
ALDAR EuroAsia Kazakhstan 100.00%
ALDAR Facilities Management UAE 100.00%
ALDAR Hotels and Hospitality UAE 100.00%
ALDAR Marinas UAE 100.00%
Abu Dhabi World Trade Center UAE 100.00%
Al Jimi Mall UAE 100.00%
Al Raha Gardens Property UAE 100.00%
Al Raha Infrastructure Company UAE 100.00%
Addar Real Estate Services UAE 99.00%
Farah Leisure Park Management [Farah] UAE 85.00%
ALDAR Besix UAE 51.00%
ALDAR Laing O'Rourke Construction UAE 51.00%
A and T Cool UAE 50.00%
ALDAR Etihad Investment Properties UAE 50.00%
ALDAR Readymix UAE 50.00%
Al Raha International Integrated Facilities Management [via Al Raha Gardens Property] UAE 50.00%
Coconut Island Development Company UAE 50.00%
Fadar Retail UAE 50.00%
Nareel Island Development Company UAE 50.00%
Royal House UAE 50.00%
Textura Middle East UAE 50.00%
Abu Dhabi Motor Sports Management UAE 40.00%
District Metering and Revenue Collection Company UAE 34.00%
Al Maabar International Investments UAE 20.00%
Aseel Finance UAE 20.00%
Green Emirates Properties UAE 20.00%
Al Yasmina School [via ALDAR Academies] UAE -
Imperial College London Diabetes Center UAE -
The Pearl Primary School [via ALDAR Academies] UAE -
Yacht Club UAE -
Yas Hotel UAE -
Yas Marina UAE -
Investments
 
Name  Country  Holding
Iskandar Holdings Cayman Islands 19.00%
Global Capital and Development Malaysia 11.40%
Developments and Projects
 
Name  Country  Holding
Al Falah UAE 100.00%
Al Gurm Resort UAE 100.00%
Al Raha Beach UAE 100.00%
Central Market [in Downtown Abu Dhabi] UAE 100.00%
Mina Zayed Port UAE 100.00%
Abu Dhabi Plaza - Astana Kazakhstan -
Al Ain Labour Village UAE -
Al Bandar UAE -
Al Bateen District UAE -
Al Dana [in Al Raha Beach] UAE -
Al Gurm Villas UAE -
Al Khubeira project [in Al Raha Beach] UAE -
Al Mamoura Office Complex UAE -
Al Muneera [in Al Raha Beach] UAE -
Al Nareel Island UAE -
Al Raha Gardens UAE -
Al Ruwais Shopping Mall UAE -
Al Zeina Mixed-Use Development UAE -
Al Zeina [in Al Raha Beach] UAE -
Baniyas Office Towers UAE -
Centro by Rotana UAE -
Cleveland Clinic Abu Dhabi Hospital [CCAD] UAE -
Coconut Island [via Coconut Island Development Company] UAE -
Crimea Resort UAE -
Crowne Plaza UAE -
Eco Park Development UAE -
Ferrari World Theme Park [in YAS Island] UAE -
Golf Course [in YAS Island] UAE -
Injazat Data Center UAE -
Intercontinental Hotel [in Al Raha Beach] UAE -
International City Malaysia -
Iskandar Financial District [IFD] Malaysia -
Medini Project Malaysia -
Moevenpick Hotels and Resorts - Abu Dhabi UAE -
Motor World UAE -
Noor Al Ain Project [in Garden City] UAE -
Oberoi Hotels and Resorts [in Al Raha Beach] UAE -
Oberoi Hotels and Resorts [in YAS Island] UAE -
Park Inn Hotel UAE -
Permanent Labor Accommodation Facility UAE -
Radisson SAS Hotel [via ALDAR Hotels and Hospitality] UAE -
Rotana Hotel - Abu Dhabi UAE -
Sea Palace Development UAE -
Shopping Mall [in Central Market] UAE -
Staybridge Suites UAE -
The Abraj Towers UAE -
The Ritz-Carlton Abu Dhabi [in Coconut island] UAE -
The Souk UAE -
Yas Island UAE -
 
 
  Representatives
Auditors
 
Deloitte and Touche Middle East
 
Banks
National Bank of Abu Dhabi
First Gulf Bank
Abu Dhabi Commercial Bank
Dubai Islamic Bank
 
 Summary Financials
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Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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