News

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

Published

5 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.

India

Indian Consulate in Dubai explains new passport process after service provider switch

Published

11 hours ago

August 6, 2026

Michael Gomes

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If you’re planning to renew your Indian passport in the UAE, you may have noticed longer waiting times over the past few weeks. That’s because passport and consular services have moved to a new outsourcing partner, and the Indian Consulate in Dubai says it’s now working to clear the backlog as quickly as possible.

The new Indian Consular Application Centres (ICACs), operated by Alhind Tours and Travels, have replaced the previous service provider and are now handling passport renewals and other consular services across the UAE.

Why are there delays?

According to the Consulate General of India in Dubai, the transition between service providers created a temporary backlog, leading to heavy demand at ICAC centres across the country.

Newly appointed Consul General Dr E. Vishnu Vardhan Reddy said some initial ‘teething problems’ were expected but added that clearing pending applications, particularly Tatkal (fast-track) requests, is now a top priority.

The Consulate and the Indian Embassy in Abu Dhabi together provide consular services to nearly four million Indians living in the UAE.

Who can walk in without an appointment?

To help those with urgent travel needs, the new centres are accepting walk-in applications for genuine emergency cases.

These include:

Tatkal passport applications with proof of urgent travel
Newborn passport applications
Senior citizens
Emergency Certificate applications

Applicants must carry documents supporting their request, such as a confirmed flight ticket for travel within the next two or three days.

Only official appointments permitted

The Consulate has also warned applicants not to use unofficial agents offering paid appointment bookings.

Officials said appointments should only be made through the official portal, adding that Alhind’s Dh19 service fee already includes services such as form filling and photography. Applicants should not be paying additional charges for these services.

The Consulate says it is working closely with the new operator to reduce waiting times and improve the overall experience. More digital services are also being introduced to simplify the application process and reduce the need for intermediaries.

News

Dubai’s historic creek is getting a dazzling new after-dark makeover

Published

11 hours ago

August 6, 2026

Michael Gomes

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Dubai is giving one of its oldest landmarks a spectacular new look after sunset.

Work has begun on the Dh80 million Dubai Creek Lights project, which will transform eight kilometres of the historic waterfront into an immersive nighttime attraction using more than 5,000 architectural lights.

Launched under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the project will illuminate six iconic locations: Creek Quay, Gold Souq Promenade, Infinity Bridge entrance, Al Shindagha Historic District, Bur Dubai Souq and Al Seef Marina.

Rather than simply lighting the area, each location will feature a bespoke design that celebrates Dubai Creek’s heritage while enhancing its architecture and public spaces.

Dubai Municipality said the project has been designed with sustainability in mind, with lighting systems that minimise impact on marine life while improving walkways, waterfronts and visitor safety.

Expected to be completed in early 2027, the project supports the Dubai 2040 Urban Master Plan and aims to make Dubai Creek one of the city’s must-visit evening destinations, blending history, culture and cutting-edge design in one unforgettable waterfront experience.

News

Dubai’s first Etihad Rail station gets official name

Published

11 hours ago

August 6, 2026

Michael Gomes

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Dubai’s upcoming Etihad Rail passenger station will officially be known as Dubai Al Yalayis Station, with signage now installed at the site ahead of its opening on September 30.

The station, located near Jumeirah Golf Estates along Sheikh Mohammed Bin Zayed Road, will open alongside Al Dhaid Station in Sharjah as the next phase of the UAE’s expanding passenger rail network.

One of the biggest advantages for commuters will be its direct connection to the Jumeirah Golf Estates Metro Station on Dubai Metro’s Red Line. A dedicated pedestrian bridge is currently under construction, allowing passengers to move easily between the Metro and Etihad Rail platforms.

The station is expected to serve nearby communities including Al Furjan, Dubai Investment Park, Green Community, Dubai Production City and Expo City Dubai, while also offering convenient access to Al Maktoum International Airport (DWC) in Dubai South.

The announcement comes as Etihad Rail’s passenger service continues to gain momentum. The operator recently revealed it has sold more than 70,000 tickets for the Abu Dhabi–Fujairah route since its launch, with travellers booking trips nearly two weeks in advance on average.

Dubai Al Yalayis Station forms part of Etihad Rail’s 900km national passenger network, which will eventually connect 11 cities and regions across the UAE. More stations are scheduled to open later this year in Liwa and Madinat Zayed, while another station in Sharjah University City is expected to open in March 2027.