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

Published

4 years ago

November 5, 2021

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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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Inside the UAE-Oman Hafeet Rail project now 40% complete

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5 hours ago

April 22, 2026

Michael Gomes

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The UAE-Oman railway project, officially known as Hafeet Rail, has reached 40 % completion, marking a major milestone in one of the region’s most ambitious transport initiatives.

Once operational, the cross-border rail line will connect Abu Dhabi with Sohar in just 1 hour and 40 minutes, while journeys from Al Ain to Sohar will take only 47 minutes.

First modern cross-border train in the region

Announced in 2023, the project is a joint venture between Oman Rail, Etihad Rail, and Mubadala.

Spanning 303km, the railway will be the first modern cross-border train in the Arab world, carrying both passengers and cargo between the UAE and Oman.

Route and speed

The line will run from the UAE’s existing rail network in Al Wathba to Sohar’s port, passing through varied terrain including deserts, valleys, and mountains alongside Jebel Hafeet.

Train speed: up to 200 km/h
Route length (main section): approx. 238km
Travel time: significantly reduced between key cities

Major engineering works

The project includes:

2,500m of tunnels through mountainous terrain
21 overbridges and 39 underpasses
Viaducts and bridges to ensure smooth, uninterrupted rail flow

These features will help maintain efficient travel across challenging landscapes.

Freight services between nations

Beyond passenger travel, Hafeet Rail is expected to create an integrated logistics network, strengthening trade and economic ties between the UAE and Oman. Freight locomotives will be used to power cargo services across the network, helping to strengthen regional logistics, trade flows, and supply chain efficiency between the two Gulf countries.

The project is valued at around $3 billion and is expected to play a major role in enhancing connectivity and economic integration across the region.

While construction is progressing across multiple locations, no official completion date has yet been announced.

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New Dubai Metro Gold Line to expand network by 25%

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5 hours ago

April 22, 2026

Michael Gomes

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His Highness Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced the launch of the Dubai Metro Gold Line, a major new infrastructure project set to expand the emirate’s transport network.

The 24-kilometre line, with an estimated cost of Dh 34 billion, will pass through 15 key strategic areas, serving around 1.5 million residents and connecting to 55 major real estate developments currently under construction.

Key route and connectivity

The new line will run from Al Ghubaiba in the north to Jumeirah Golf Estates, linking historic and emerging parts of the city.

Total stations: 18
Fully underground line
Intersections with existing Red and Green Metro Lines
Integration with Etihad Rail passenger stations in Meydan and Jumeirah Golf Estates

Boost to metro network

The Gold Line will increase the Dubai Metro’s overall length by 25%, significantly improving connectivity across the city.

The project is scheduled for completion on September 9, 2032.

Sheikh Mohammed said the project is part of Dubai’s ongoing ambition to become the world’s best city to live in, with continued investment in infrastructure and mobility.

The new line is expected to play a key role in reducing congestion, improving travel times, and supporting urban growth across Dubai.

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Drivers can now clear black points at Mushrif Mall pop-up

Published

9 hours ago

April 22, 2026

Michael Gomes

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Motorists in Abu Dhabi looking to clear those lingering traffic black points now have a convenient new option, thanks to an initiative by Abu Dhabi Police.

A dedicated pop-up service has been set up at Mushrif Mall, allowing drivers to review and reduce black points on their licences without the hassle of visiting a traffic department office.

When and where

The service is available:

April 20 to May 20
Daily from 4pm to 10pm
First-floor police platform at Mushrif Mall

What drivers can do

Visitors can:

Review their traffic records and black points
Learn how points are calculated
Get guidance on reducing points
Explore options like traffic awareness courses (which can remove up to 8 points annually)
Receive advice on licence reinstatement if suspended

Focus on safe driving

The initiative aims to make the black-points system more educational rather than punitive, encouraging better driving habits instead of simply penalising motorists.

Drivers nearing the 24-point threshold, which can lead to licence suspension, are especially encouraged to take advantage of the service.

By offering easy access to support and information, authorities hope to promote road safety, awareness, and responsible driving across Abu Dhabi.