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Abu Dhabi’s Aldar records best quarter ever on deals, with Dh2.69b in Q3-21

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Occupied offplan dispatch plan is actually benefiting Aldar, and drawing in more youthful purchaser

Dubai: Abu Dhabi ace engineer Aldar is feeling the full advantages from consistent off arrangement dispatches and its expectation on conveying progressing projects. Net benefit for the initial nine months of 2021 are at Dh1.54 billion – and that comes from a 28 percent year-on-year increment.

In the July to end September period, the organization recorded improvement deals of Dh2.69 billion – its most noteworthy ever in any quarter. A “enhancing private purchaser and financial backer profile with expanding number of more youthful and female purchasers” was refered to by the engineer for the business spike.

“Aldar’s solid monetary and working presentation this year proceeded into Q3, mirroring our capacity to support development,” said Talal Al Dhiyebi, Group CEO. “As post-pandemic recuperation built up speed, our enhanced organizations kept on bouncing back at pace, with the second from last quarter conveying Dh2.69 billion being developed deals, supplemented by strong renting movement for our retail and business venture property portfolios.”

Aldar was the main designer in the UAE to get once again into offplan dispatch mode after the COVID-19 made break and it has kept the dispatches coming through occasionally this year too, focussed for the most part on the Yas Island.

“We hope to see working exercises across our business and retail resources keep on developing in accordance with the macroeconomic recuperation that is well in progress,” the CEO added. “Aldar keeps on looking for alluring and worth accretive speculation freedoms to develop our arrangement of working resources and we intend to carry all the more new advancements to the market, driven by our extending customer base, including abroad financial backers.”

Last quarter, the Abu Dhabi organization additionally made a drive into Egypt through a proposal for SODIC, one of the greater players in that market.

Income gains in same direction

With initial nine-month improvement deals at Dh6.14 billion, Aldar’s general incomes for the period was Dh6.32 billion, up 8 percent on 2020. Net benefits were at Dh2.43 billion. (In another enormous silver lining, the income accumulation likewise hit a record Dh5.86 billion, “supporting future income perceivability”.) All of the new deals age is assisting Aldar with hardening its money position, which was parted between Dh3.6 billion of unlimited money and Dh4 billion in undrawn submitted offices. These will assist with ‘feasible long haul development openings,” the designer said.

Obviously, the retail portfolio – with resources like Yas Mall – likewise recorded a ricochet back, with higher footfall and deals coming to up to “close pre-Covid” levels.

Update on Egypt bargain

Aldar is as yet anticipating administrative leeway in Egypt for the SODIC securing. Aldar has lined up with another Abu Dhabi substance – ADQ – in setting up the deal.

It was recently that Aldar talked about a section into new business sectors, mirroring an adjustment of its functional model and a selective spotlight on its headquarters.

SODIC is one of the greater names in the Egypt land space, with a portfolio that ranges for the most part upscale masterplanned networks.

Closer home

Aldar additionally sees openings opening up to gain huge land banks in Abu Dhabi – and somewhere else in the UAE. That would incorporate retail and instructive resources just as private, as per Fewer. Additionally, there will a nearer investigation of potential outcomes in the coordinations and warehousing, which after the pandemic drove interruption has become hot property.

“We think there is opportunities for loads of combination in Abu Dhabi,” said Greg Fewer, Chief Financial and Sustainability Officer. “Aldar has the solid capacity to make groundbreaking acquisitions.”

Obviously, it has the money close by to make those arrangements conceivable, when one appears The close to Dh7 billion has its employments. “Stay fluid when enormous portfolios become accessible out of nowhere,” said Fewer.

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Praggnanandhaa wins Norway Chess 2026 title after stunning comeback

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Indian chess star Praggnanandhaa Rameshbabu produced a brilliant final-round victory to win Norway Chess 2026, capping a dramatic finish to one of the year’s most prestigious tournaments.

Entering the final day half a point behind leader Wesley So, Praggnanandhaa knew only a win would give him a realistic chance of claiming the title. The 19-year-old delivered under pressure, defeating Vincent Keymer with the white pieces to secure the full three points and surge to first place.

The victory lifted Praggnanandhaa to 18 points, enough to overtake Wesley So and clinch the Norway Chess crown in Oslo.

So, who had led the standings heading into the final round, drew his classical game against Alireza Firouzja before winning the Armageddon tiebreak. However, the extra points were not enough to keep him ahead of the charging Indian grandmaster.

Firouzja completed a strong campaign to finish third overall.

Elsewhere, world No. 1 Magnus Carlsen signed off in style with a classical victory over reigning world champion Gukesh Dommaraju, delighting home fans with a final-round win.

Final Standings

  • Praggnanandhaa Rameshbabu – 18 points
  • Wesley So – 17 points
  • Alireza Firouzja – 15.5 points

Assaubayeva dominates women’s event

In the Norway Chess Women’s tournament, Bibisara Assaubayeva completed a dominant campaign to secure the title after having already wrapped up first place with a round to spare.

The final day featured three decisive classical games, eliminating the need for Armageddon tiebreaks.

Women’s world champion Ju Wenjun handed Assaubayeva her first classical defeat of the tournament, while Zhu Jiner defeated Humpy Koneru to secure second place overall. Anna Muzychuk also ended her campaign on a high note with a victory over Divya Deshmukh to finish third.

Norway Chess women’s final standings

  • Bibisara Assaubayeva – 16.5 points
  • Zhu Jiner – 16 points
  • Anna Muzychuk – 15 points

Praggnanandhaa’s triumph marks another major milestone in the young Indian grandmaster’s rapidly rising career and further strengthens India’s growing influence at the highest level of world chess.

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Dubai’s RTA to operate air-conditioned rest areas for delivery riders this summer

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Dubai’s Roads and Transport Authority (RTA) has confirmed the operational readiness of around 40 air-conditioned rest areas for delivery riders ahead of the peak summer season.

The facilities, located across key areas including Hessa Street, Al Khawaneej, Al Barsha, Al Satwa, Oud Metha, Al Karama and Arjan, are designed to help riders stay safe and comfortable while working during the hotter months.

According to the RTA, maintenance and preparation works have been completed at all locations, with site selection based on delivery demand and operational data gathered in coordination with delivery companies.

The initiative forms part of Dubai’s wider efforts to improve road safety, support rider wellbeing and enhance working conditions within the rapidly growing delivery sector.

Ahmed Mahboob, CEO of RTA’s Licensing Agency, said traffic safety remains a top priority and that the authority has developed an integrated framework to regulate and support the delivery industry.

Facilities inside rest area

Each rest area includes air-conditioned seating, drinking water facilities and mobile phone charging stations. Depending on the location, the facilities can accommodate around 10 riders at a time and also provide dedicated parking spaces for delivery motorcycles.

The structures have been specially designed to reduce heat exposure and provide thermal insulation, allowing riders to take a break from the sun while remaining close to their delivery routes.

The move comes as Dubai continues to implement measures aimed at improving safety, comfort and quality of life for delivery riders, particularly during the summer months when temperatures can soar.

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What is the UAE’s new pledge initiative and how residents can you take part?

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Citizens and residents across the UAE are being encouraged to take part in a national initiative designed to promote unity, belonging and appreciation for the country’s leadership.

Launched by Sandooq Al Watan, a non-profit organisation supported by Erth Zayed Philanthropies, the campaign invites participants to sign the UAE Pledge and Commitment and receive a personalised digital certificate.

What is the pledge?

The initiative centres on a digital pledge that allows participants to affirm their loyalty to the UAE and its leadership while expressing their commitment to the nation’s values and future.

The pledge highlights the leadership of President Sheikh Mohamed bin Zayed Al Nahyan and recognises his role in supporting security, stability and national development. It also reflects the values of unity, coexistence and community responsibility that underpin life in the UAE.

Participants pledge to remain loyal to the country, uphold its values, live together in harmony and contribute to the continued progress and prosperity of the nation.

Why is it being launched?

According to organisers, the initiative aims to strengthen national identity and reinforce the shared values that bring together citizens and residents from diverse backgrounds.

The campaign also seeks to highlight the UAE’s reputation as a model for tolerance, peaceful coexistence and social cohesion.

How can residents take part?

Residents and citizens can sign the pledge online in just a few minutes through the official platform. Once completed, participants receive a personalised UAE Pledge and Commitment Certificate that can be downloaded and shared on social media.

Organisers hope the initiative will encourage wider community participation and foster a stronger sense of belonging across the country.

How to sign the pledge

Taking part is simple:

  1. Visit pledge.ae
  2. Read the pledge text
  3. Sign it digitally
  4. Download your personalised Certificate of Appreciation

The certificate can be shared on social media or kept as a personal reminder of your commitment to the UAE’s values and vision.

Officials say the initiative is designed to grow into a nationwide movement that combines digital engagement, community participation and public activities to strengthen social cohesion and national belonging across the country.

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