Dubai, UAE- 6 October 2008-- Visitors to the stand of ALDAR Properties at Cityscape Dubai will come face to face with the vast magnitude of the US$72 billion worth of developments being undertaken by Abu Dhabi's leading integrated property development, management, and investment company.

Platinum sponsors of Cityscape Dubai 2008, which runs from October 6-9, ALDAR is showcasing their most prestigious projects including Yas Island, Al Raha Beach and Central Market. ALDAR executives will be at hand to post guests on the progress of the highly anticipated developments. Apart from these projects, the company will also allow visitors to catch a glimpse of its entire portfolio of developments.

 

Central Market.  




Yas Mall




Al Raha Beach Masterplan.


Al Raha Beach, the Ultimate Waterfront City, is on track for timely completion in 2014.  With a total area of over 6 million square metres, and 11 kms of coastline, Al Raha Beach is fast evolving into one of the most stunning waterfront cities in the world, and the gateway to the new Abu Dhabi, combining cosmopolitan life with community and family oriented relaxation, and offering its 120,000 residents and around 250,000 day population 43 kms of dynamic waterfront living, the project is already making waves across the globe.

Yas Island, with its three themed parks, Ferrari World Abu Dhabi, the Warner Bros. theme park, and the waterpark, will be completed on schedule and already has many firsts to its credit. The Central market is a prestigious mixed-use re-development in the heart of downtown Abu Dhabi.  This development will combine a traditional Arabian souk area with chic boutiques, international brands and convenience outlets along with three ultra-modern towers crowning the development.  

Ronald Stephen Barrott, CEO, ALDAR Properties, commented "Cityscape Dubai 2008 provides us with another high profile platform to present our world class developments. With assignments worth more than $72 billion USD, and some of the most highly anticipated developments in the world."

 "It is also a good opportunity to bring the industry up to date on our efforts to establish Abu Dhabi as the UAE's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city." 

ALDAR Properties PJSC is undertaking multi-billion Dirham civic projects to help develop Abu Dhabi, the capital emirate of the United Arab Emirates, into an international business magnet and tourist destination.

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About ALDAR Properties: 
ALDAR Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. ALDAR was established to create world-class real estate developments for Abu Dhabi, while providing stable and profitable investment portfolio for all our investors and stakeholders

ALDAR Properties PJSC is spearheading the development of Abu Dhabi; entrusted to create multi-billion Dirham civic projects to develop the capital, establishing new sectors for commerce, housing, retail and leisure. ALDAR's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city.

Since its inception in 2004 through a share offer (IPO) of AED 1.5 billion (USD 408 million) on the Abu Dhabi Securities Exchange, ALDAR has already announced more than USD 72 billion worth of developments. The ALDAR issue, the largest IPO in the history of the UAE at the time, was 448 times oversubscribed and raised an unprecedented AED 373 billion (USD 102 billion) in demand. ALDAR's market capitalization is AED 32.3 billion (US$ 8.7 billion).as of July 24th 2008.Total retail area across all developments is currently over 1.5 million square meters.

The company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros and a Ferrari theme park.

ALDAR's first international expansion was announced in August 2007 via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia. This was followed in October 2007 with plans announced to build a mixed-use development in Kazakhstan.

© Press Release 2008