by VIP BROKERAGE
Abu Dhabi, UAE – August 2024: Aldar Properties PJSC, one of the leading real estate developers in the UAE, recently hosted its highly anticipated 2024 Roadshow, attracting investors, stakeholders, and industry professionals from around the globe. The event, held in key international cities including London and Dubai, highlighted Aldar’s latest projects and strategic initiatives, reflecting its commitment to innovation, sustainability, and growth.
Highlights of the Roadshow
1. Showcasing Iconic Projects: During the roadshow, Aldar unveiled its latest landmark developments, including a new Grade A office tower on Sheikh Zayed Road in Dubai. This project, strategically located near the Dubai International Financial Centre (DIFC), will feature a net leasable area of 88,000 sqm, a luxury boutique hotel, and branded residences. This development aligns with Aldar’s strategy to expand its footprint in Dubai’s commercial real estate sector.
2. Impressive Financial Performance: Aldar’s strong financial performance in the first half of 2024 was a focal point. The company reported a 94% year-on-year increase in revenue to AED 7.5 billion, driven by robust property sales and successful project completions. Aldar’s EBITDA also saw a significant rise, reflecting the company’s effective and diversified business model.
3. Strategic Acquisitions and Expansions: Aldar’s acquisition strategy was another key highlight. The company announced the acquisition of ‘6 Falak’, a fully occupied Grade A office building in Dubai Internet City, further broadening its presence in key sectors across Dubai. Additionally, Aldar’s recent purchase of Spark Security Services and various hospitality assets underscores its commitment to enhancing its property and facilities management capabilities.
4. Commitment to Sustainability: Aldar’s ongoing commitment to sustainability was prominently featured, showcasing projects that align with environmental goals and sustainable practices. The company’s focus on creating integrated, amenity-driven communities that cater to both residents and international investors was well received by attendees.
5. Engaging with International Investors: The roadshow served as a platform for engaging with international investors, highlighting the UAE’s real estate market’s solid fundamentals. With 79% of Aldar’s residential sales in the UAE coming from overseas buyers, the event emphasized the country’s appeal as a prime destination for investment and long-term residence.
Conclusion
The Aldar Roadshow 2024 successfully showcased the company’s strategic vision, financial robustness, and commitment to sustainable growth. By engaging with a global audience and highlighting its flagship projects, Aldar continues to reinforce its position as a leader in the UAE’s real estate sector, driving innovation and delivering value to its stakeholders.
