UAE Master-Developer Aldar Delivers 50% Plus Gains On Revenue, Profit

Currently, Aldar is also adding to its Dubai investments, including a Shaikh Zayed Road tower. Dubai: The mega-developer Aldar delivered another blockbuster first-half, with net profit surging 57 % to Dh3.3 billion. The ADX listed company, which in recent weeks has been raising its visibility in Dubai real estate too, had revenues of Dh10.9 billion, a gain of 73 %. (Of this, the April-end June period provided Dh5.3 billion to the top-line.) The latest Dubai launch was for a Grade A office tower on Shaikh Zayed Road, with net leasable area of 88,000 square metres. In addition, the Abu Dhabi … Continue reading UAE Master-Developer Aldar Delivers 50% Plus Gains On Revenue, Profit