al dar, addar, ad dar,
ALDAR Properties PJSC was formed in 2004, and subsequently took over the assets of the ADDAR Real Estate Services LLC. Today, the company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors throughout the UAE. ALDAR’s principle corporate shareholders include Mubadala Development Company, Abu Dhabi Investment Company, Abu Dhabi National Hotels Company, National Corporation for Tourism & Hotels and National Investor.
ALDAR Properties PJSC is a premier real estate development and investment company in Abu Dhabi. It was established to create valuable and prestigious real estate developments throughout the Emirate of Abu Dhabi, the UAE and across the region. The company currently has an AED multi billion extensive development portfolio underway embracing major residential, commercial, leisure and hospitality schemes in Abu Dhabi and Al Ain.
ALDAR’s flagship development is the redevelopment of the Central Market along Khalifa and Hamdan streets in the UAE capital, under a 50-year concession awarded by the Abu Dhabi government. This site will be transformed into a Town Centre and high rise CBD destination, focused around specialty retail outlets, cultural attractions, a traditional Arab souk and transport hub for the city of Abu Dhabi. Construction work will start in 2005 and will be completed over a period of three to four years.
ALDAR was established in December 2004 through an AED 1.5 billion share offer (IPO) on the Abu Dhabi Securities Market (ADSM). Following the IPO, ALDAR acquired ADDAR Real Estate Services LLC, a 100 percent locally held private company that was formed in May 2000.
ADDAR’s first development project was the Al Jimi Mall in Al Ain in conjunction with the Al Ain Municipality & Town Planning Department. This development was awarded a certificate of merit by the prestigious International Council of Shopping Centers (ICSC) in May 2002 and stands as a role model for public - private partnership transactions in the UAE.
ALDAR has a strong shareholder base. Its founding shareholders include leading Abu Dhabi institutions and prominent, individual shareholders. Principal shareholders include Mubadala Development Company (with 7%), Abu Dhabi Investment Company, the National Investor, Abu Dhabi National Hotels Company and the National Corporation for Tourism & Hotels.
ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors
ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Sas Al Nahkel ,Al Gurm Resort, Ferrari World, Al Mamoura - the Mubadala Development Company - Environment Authority Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain and Jebel Hafeet Resort in Jebel Hafeet, Al Ain.