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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.

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Salik’s next move: Smart parking coming to Dubai Silicon Oasis, DAFZ and Dubai CommerCity

Published

12 hours ago

July 17, 2026

Michael Gomes

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Salik is taking another step beyond toll collection, announcing plans to introduce smart parking and vehicle access systems across three of Dubai’s major economic zones.

Under a new agreement with the Dubai Integrated Economic Zones Authority (DIEZ), the company will explore parking optimisation and access control solutions covering more than 21,000 parking spaces at Dubai Airport Freezone (DAFZ), Dubai Silicon Oasis and Dubai CommerCity.

The proposed systems are designed to improve traffic flow, reduce congestion, prevent misuse of parking spaces and make it easier for businesses, employees and visitors to move around the free zones.

The partnership marks the launch of a new business vertical for Salik as it continues expanding beyond its traditional road toll operations into wider mobility and digital transport services.

What will change?

The companies plan to integrate their technology platforms to create a connected parking and vehicle access system across the three zones.

Planned features include:

Smart parking management
Automated vehicle access control
Improved traffic flow within free zones
Better use of available parking spaces
Unified operating standards across all three locations

Which areas are covered?

The project will span:

Dubai Airport Freezone (DAFZ)
Dubai Silicon Oasis
Dubai CommerCity

Together, the three locations offer more than 21,000 parking spaces serving businesses, residents, investors and visitors.

No timeline has yet been announced for when the new systems will be rolled out.

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New UAE rule: Emirates ID renewal now allowed one year before expiry

Published

12 hours ago

July 17, 2026

Michael Gomes

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The UAE has doubled the early renewal period for Emirates ID cards, allowing renewals up to 12 months before expiry under a new decision by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). Effective July 14, the change applies to UAE nationals for now.

Renew passport and Emirates ID together

The extended renewal window means citizens whose passport and Emirates ID expire around the same time can now renew both documents in a single transaction, reducing paperwork and saving time.

ICP said the initiative forms part of its strategy to simplify government services, improve customer experience and provide greater flexibility through digital services.

Supporting zero government bureaucracy

Major General Suhail Saeed Al Khaili, Director General of ICP, said the decision reflects the UAE’s commitment to delivering proactive government services while giving citizens more flexibility to complete transactions at a time that suits them.

He added that the initiative supports the UAE’s Zero Government Bureaucracy Programme by reducing procedural steps, improving service integration and using advanced digital technologies, including artificial intelligence, to streamline the customer journey.

The authority said the new policy is part of its wider effort to deliver integrated, digital-first government services while strengthening the UAE’s position as a global leader in identity and public service innovation.

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Dubai warns media against publishing false news after Downtown explosion claim

Published

13 hours ago

July 17, 2026

Michael Gomes

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Dubai authorities have warned media organisations against publishing false or unverified reports after claims circulated that explosions had been heard in Downtown Dubai.

In a statement posted on X, the Government of Dubai Media Office (GDMO) said the emirate would take the necessary legal measures against outlets that publish inaccurate information, in line with local and federal laws.

The warning came after a brief Reuters report cited witnesses claiming they had heard booms in Downtown Dubai on Thursday. The report did not identify the source of the sounds or confirm that any incident had taken place.

The Dubai Media Office rejected the claims, stating that no explosions had occurred in the Downtown area and describing the report as false.

Authorities also urged media organisations and the public to rely on official sources for information and avoid sharing rumours or unverified reports that could cause unnecessary confusion.

The statement reinforces Dubai’s long-standing approach to combating misinformation, particularly during fast-moving events, with authorities stressing the importance of accurate reporting and verification before publication.