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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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Indian passport applicants in UAE warned: Use your own email and phone number

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Indian passport and consular service applicants in the UAE have been advised to use their own email address and mobile number when booking appointments, or risk delays or even rejection of their applications.

The warning comes from the newly launched Indian Consular Application Centres (ICACs), which took over passport, visa, attestation and other consular services across the UAE on July 22.

Mismatch could delay process

According to the ICAC, the email address and phone number used during the appointment booking must belong to the applicant.

These details will be verified when the application is submitted at the centre.

The ICAC warned that any mismatch could delay processing or lead to the application being rejected. Please ensure all information and supporting documents are accurate before attending your appointment.

Booking for a family member?

If someone else, such as a relative, books the appointment on the applicant’s behalf, proof of the relationship must be provided during the application process.

Applicants should carry all required supporting documents to avoid delays.

New appointment system

Following the Government of India’s appointment of Alhind Tours & Travels as the new service provider, all passport, visa, consular and attestation appointments must now be booked through the official consularsevainuae.com portal.

New appointment slots are released twice daily at 9am and 9pm.

New ICAC centres

The new network includes 16 Indian Consular Application Centres across the UAE, handling passport, visa and other consular services.

Meanwhile, Indian Ambassador Dr Deepak Mittal visited the ICAC centre in Sharjah, where he reviewed operations and met with staff and applicants as the new system began.

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Two new Etihad Rail passenger stations to open in Abu Dhabi this November

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Etihad Rail’s passenger network is expanding, with two new stations in Abu Dhabi’s Al Dhafra region set to open on November 30.

The opening date for the Madinat Zayed and Liwa stations was confirmed after Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra, met Etihad Rail officials at Al Nakheel Palace on Wednesday.

According to the Abu Dhabi Media Office, Sheikh Hamdan directed that both stations be operational in time for Abu Dhabi’s busy festival and entertainment season, making travel easier for residents and visitors.

Where are the new stations?

Madinat Zayed: The station will connect one of the Al Dhafra region’s largest towns to the UAE’s national passenger rail network.

Liwa: Located in the famous Liwa Oasis, the station is expected to improve access to the region’s iconic desert attractions.

Passenger network rollout

The UAE officially launched Etihad Rail’s passenger service on June 30, with three daily services operating between Mohammed Bin Zayed City in Abu Dhabi and Al Hilal in Fujairah.

More stations will open in phases:

  • September 30, 2026: Jumeirah Golf Estates (Dubai) and Al Dhaid.
  • November 30, 2026: Madinat Zayed and Liwa.
  • December 30, 2026: Al Dhannah and Al Sila.
  • March 30, 2027: University City in Sharjah.

The phased rollout will continue expanding the UAE’s national passenger rail network, improving connectivity between major cities and regional destinations.

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UAE workplace injury compensation: Know the rules before you claim

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The UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has clarified six situations in which employees may not receive compensation for workplace injuries or occupational diseases.

The rules are part of the country’s occupational health and safety framework, which aims to reduce workplace accidents while ensuring employers and employees follow safety standards.

When compensation can be denied

According to MoHRE, employees may lose their right to compensation if they:

  • Intentionally injure themselves.
  • Are under the influence of alcohol, drugs, or other intoxicating substances at the time of the incident.
  • Deliberately ignore clearly displayed workplace safety instructions.
  • Cause the injury through intentional misconduct.
  • Refuse, without a valid reason, to undergo a medical examination or follow prescribed treatment.
  • Are found by authorities to have intentionally violated workplace safety regulations.

Employer responsibilities

Under UAE labour laws, employers must provide a safe workplace by:

  • Supplying personal protective equipment (PPE) free of charge.
  • Training employees on workplace safety.
  • Conducting health checks where required.
  • Keeping records of workplace injuries and occupational diseases.
  • Reporting workplace accidents to the relevant medical and police authorities.

Employers are also required to investigate workplace incidents and maintain health records for employees exposed to occupational risks.

Compensation rules

Employers must cover medical treatment costs for work-related injuries and occupational diseases.

Compensation is calculated based on the employee’s latest basic salary and should be paid within 10 days of the medical report determining the level of disability.

If a workplace injury results in permanent disability or death, compensation is paid according to UAE labour regulations, with the final assessment made by a specialised medical committee.

Importantly, employers cannot terminate an injured employee’s contract until all legal entitlements have been settled.

What counts as a work injury?

A work injury includes accidents that happen while performing job duties, as well as certain accidents during direct travel to or from work. Occupational diseases linked to an employee’s job are also covered under UAE law.

Focus on prevention

MoHRE says the regulations are designed to balance employee protection with personal responsibility. While workers are protected when injuries occur during the course of employment, they are also expected to follow workplace safety rules.

The ministry continues to inspect private-sector companies to ensure compliance, helping create safer and healthier workplaces across the UAE.

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