Connect with us

News

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

Published

on

Spread the love

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.

Continue Reading
Advertisement

India

Why Indian passport renewals in the UAE could face longer delays

Published

on

Spread the love

Indian expats in the UAE waiting to renew their passports or access other consular services could face continued delays after the Why Indian passport renewals in the UAE could face longer delaysCourt ordered a fresh tender process for outsourced consular operations.

The ruling affects the Indian Embassy in Abu Dhabi and the Consulate General of India in Dubai, as well as Indian missions in Kuwait, Singapore and Australia.

The court cancelled the previously awarded contract and directed India’s Ministry of External Affairs (MEA) to issue fresh Requests for Proposal (RFPs) within one month.

Why did the court intervene?

The case was brought by two companies that were eliminated during the technical evaluation stage of the bidding process.

While they did not challenge the technical assessment itself, they argued that the evaluation lacked transparency.

The Delhi High Court agreed, ruling that the authorities had failed to disclose how technical marks were awarded, effectively invalidating the tender process.

What happens now?

The contract had been awarded to Alhind Tours & Travels, which was due to take over consular operations from July 1 after submitting the lowest financial bid.

The Kerala-based company had already prepared to operate 16 service centres across the UAE, including a large facility in Bur Dubai with more than 45 service counters.

However, following the court’s ruling, Alhind can no longer formally assume the contract until a fresh tender process is completed.

How are passport services operating now?

Since July 1, passport, visa and other consular services have been handled directly by the Indian Embassy in Abu Dhabi and the Consulate General in Dubai, marking the first time in 17 years that the missions have managed these services in-house.

The missions currently process applications for:

  • Passport renewals
  • Visa services
  • Overseas Citizen of India (OCI) cards
  • Police Clearance Certificates (PCC)
  • Surrender Certificates (SC)
  • Global Entry Programme (GEP) verification
  • Document attestation

Authorities have also warned applicants against unauthorised agents claiming to secure appointments, stressing that bookings through the official portal are free of charge.

Will services be disrupted?

The High Court said existing service providers may be allowed to continue temporarily to minimise disruption, but the final decision now rests with the Indian missions and the Ministry of External Affairs.

Until a new tender is completed and a service provider is officially appointed, applicants may continue to experience longer waiting times for appointments and document processing.

Continue Reading

News

Free Bus On Demand rides are coming to Al Quoz: Here’s how it works

Published

on

Spread the love

Getting around Al Quoz is about to become easier, and for a limited time, it won’t cost a dirham.

Dubai’s Roads and Transport Authority (RTA) has expanded its popular Bus On Demand service to Al Quoz, with free unlimited rides available for the first two weeks from July 20.

Once the promotional period ends, fares will return to the standard Dh5 within the zone and Dh7 for interzone trips.

The RTA also confirmed that the service will soon expand to Al Satwa and Mirdif, although launch dates have yet to be announced.

How does Bus On Demand work?

Unlike traditional buses, Bus On Demand doesn’t follow fixed routes or bus stops.

Using the Dubai Bus On Demand app, passengers simply enter their pick-up and drop-off locations. The app then dispatches a shared minibus to collect them, operating much like a ride-hailing service.

Each vehicle can carry up to 13 passengers, offering an affordable alternative to taxis while providing more flexibility than conventional bus routes.

Where is the service available?

With Al Quoz joining the network, Bus On Demand now serves these communities:

  • Al Barsha 1, 2 and 3
  • Al Karama
  • Al Mankhool
  • Al Nahda
  • Al Qusais
  • Al Quoz
  • Al Rigga
  • Al Warqa’a
  • Barsha Heights
  • Business Bay
  • DIFC
  • Downtown Dubai
  • Dubai Academic City
  • Dubai Investments Park
  • Dubai Silicon Oasis
  • Jumeirah Village Circle
  • Oud Metha
  • Port Saeed

Fares after the free period

After the introductory offer, fares will be:

  • Dh5 for trips within the same zone
  • Dh7 for travel between zones
  • Dh2 for trips within Business Bay
  • Dh4 for each additional passenger included in the same booking

Operating hours

The service operates:

  • Monday to Thursday & Saturday: 5am to midnight
  • Friday: 5am to 1am
  • Sunday: 8am to midnight

The Bus On Demand service forms part of the RTA’s efforts to provide more flexible first and last-mile public transport options across Dubai, particularly in residential communities not directly served by Metro or traditional bus routes.

Continue Reading

News

Want a free taxi ride in Dubai? Here’s how to book the new autonomous cab

Published

on

Spread the love

Dubai residents can now experience the future of transport with free autonomous taxi rides in parts of Jumeirah and Umm Suqeim.

The Roads and Transport Authority (RTA) has started public operations of its driverless taxi service in partnership with Apollo Go and autonomous driving technology company WeRide.

Passengers can book the vehicles through the Uber or Apollo Go mobile apps at no cost during the current trial phase.

Announcing the launch on social media, the RTA said: “Your next ride could be autonomous, and it’s currently free.”

The rollout follows the introduction of Dubai’s commercial autonomous taxi programme earlier this year, which began with a fleet of 100 driverless vehicles. The fleet is expected to expand gradually as demand grows.

The initiative forms part of the Dubai Self-Driving Transport Strategy, which aims to increase the adoption of autonomous transport and reinforce the emirate’s position as a global leader in smart mobility.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/