Abu Dhabi’s Aldar Q1 2024 Net Profit Jumps 88%, Beats Estimate
The Abu Dhabi-listed Aldar Group's Q1 net profit surged to 1.6 billion UAE dirhams ($436 million) in Q1 2024, up 88% year-on-year (YoY), on continued growth in demand for homes in the UAE. The profit beat analysts’ mean estimate of AED 1.03 billion, according to LSEG data. Group revenue for the UAE real estate developer and investor stood at AED 5.6 billion
Aldar Partners With Siemens To Make Saadiyat Grove Abu Dhabi’s Leading Smart District
Aldar Properties (“Aldar”) has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, a leading global example of smart urban living. The agreement was signed today at the World Future Energy Summit (WFES) in Abu Dhabi. Utilising the Siemens Xcelerator portfolio and its cloud-based Building X platform, Aldar
Ground Breaking Event
Sheikh Musallam Bin Ham Al Ameri, Member of the Advisory Council of the Emirate of Abu Dhabi and Chairman of the Board of Directors of Bin Ham Group, laid the foundation stone for The Bay
Baraka Organized Corporate Event At Hilton – Yas Island
Baraka Real Estate Development event was held on the occasion of introducing its future real estate projects that will be introduced to the market in the near future at the Hilton Abu Dhabi Hotel on Yas Island, in the presence of Sheikh Muslim Bin Ham Al Ameri….
China State Construction Middle East (CSCEC)
I’m glad to announce the signing of the Cooperation Agreement Contract between BARAKA and China State Construction Middle East ( CSCEC ) – The leading Chinese governmental construction company. We are confident that this cooperation and exchnage of experience shall further enhance the business value for both companies and the real estate development market in general.
Baraka Signs An Agreement With A Chinese Company To Develop Yas Bay
We feel elated to announce the partnership of Baraka with CSCEC Middle East (Chinese Construction company) to develop Yas Bay. Hoping that we come up with the most exquisite property to bring a new wave of living.
Baraka Awards The Bay Residence’s Ground Engineering Contract To Dutch Foundation
Baraka Real Estate Development Company, a subsidiary of the Bin Ham Group, has awarded the ground engineering contract for The Bay Residence project on Yas Island to the Dutch Foundation for Foundations. Foundation works are expected to start on September 26.
ADRO And Baraka Have Joined Hands
This partnership enables driven investors to join an ecosystem of growth and opportunity and make their mark #InAbuDhabi, one of the most sought-after destinations that attracts people from all over the world. #GrowInAbuDhabi #WhereYouBelong #UAE
SAAS Properties Reveals Projects In Middle East, Set To Launch In Q2
SAAS Properties, a property development group revealed a portfolio of projects across the Middle East. Currently, the projects under development include the Tower in Business Bay, Dubai, and the high-end Reem Island series in Abu Dhabi. SAAS Business Bay, Reem Five, and One Reem Island are all set to launch in Q2, with Reem Nine launching in Q4 of 2022. Further projects