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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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From 104 minutes to 16: How new Dubai tunnel is set to change your daily commute

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Drivers in Dubai could soon experience dramatically shorter journeys as the Roads and Transport Authority (RTA) announced that the huge Al Khaleej Street Tunnel Project is now 80 per cent complete.

Part of the wider Al Shindagha Corridor Improvement Project, the development is expected to reduce travel times from 104 minutes to just 16 minutes by 2030.

One of Dubai’s biggest road projects

The giant tunnel project stretches approximately 1,650 metres, extending from the end of the Infinity Bridge ramp in Deira to the intersection of Al Khaleej Street and Al Wuheida Street.

Once completed, the project is expected to serve around one million people across several rapidly growing districts.

The tunnel includes:

  • Three lanes in each direction
  • Capacity for up to 12,000 vehicles per hour, both ways
  • Development of 15 major intersections

Areas set to benefit

The upgraded road network will improve connectivity to several key areas, including:

  • Dubai Islands
  • Waterfront Market
  • Dubai Maritime City
  • Port Rashid

Officials say the project is designed to support population growth and keep pace with rapid urban expansion across the emirate.

Round-the-clock construction

To meet the planned completion schedule in the fourth quarter of this year:

  • 14 teams are working continuously on excavation support
  • Four additional teams are handling tunnel excavation works 24/7

Current excavation output stands at:

  • 5,000 to 6,000 cubic metres daily
  • Expected to increase to 8,500 cubic metres in the next phase

Massive safety milestone reached

The RTA also revealed the project has been completed nearly:

  • Eight million work hours
  • With zero lost-time injuries reported

The workforce currently includes:

  • 1,591 engineers, technicians and workers
  • 221 machines and heavy equipment across sites

Tunnel inspired by Dubai’s skyline

Adding a creative touch to the infrastructure project, the inside of the tunnel will feature a mosaic mural designed by Emirati artist Maryam Hathboor.

The artwork is inspired by banknote-style illustrations showcasing Dubai’s skyline, blending public art with urban engineering.

For commuters frustrated by heavy traffic, this project could eventually become one of the city’s most game-changing transport upgrades yet.

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Healthcare in the UAE is about to change forever under new national plan

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The UAE is preparing for one of its biggest healthcare transformations yet after President His Highness Sheikh Mohamed bin Zayed Al Nahyan directed the adoption of a comprehensive national healthcare system covering citizens across all emirates.

The new framework includes a fully integrated national health insurance scheme designed to guarantee access to medical care and health services for every citizen.

New era for healthcare

Officials said the move reflects the UAE leadership’s long-term vision of building an advanced healthcare sector focused on:

  • Universal healthcare access
  • Preventive medicine
  • Digital transformation
  • Innovation
  • Sustainable health services

The initiative aims to create a fully integrated healthcare model capable of improving efficiency, strengthening sector readiness and ensuring healthcare sustainability for future generations.

Focus on prevention and innovation

According to authorities, the system is designed around international best practices and modern healthcare standards, with strong emphasis on:

  • Public health
  • Smart digital health platforms
  • Long-term health outcomes
  • Resource efficiency across all emirates

Health is a national priority

Ahmed bin Ali Al Sayegh, Minister of Health and Prevention, described the directive as part of a national vision placing human health and quality of life at the centre of the country’s development journey.

He said the UAE continues advancing healthcare systems built on:

  • Prevention
  • Sustainability
  • Innovation
  • Expanded access to medical services

Integrated healthcare 

Officials also highlighted that the UAE already operates through a strong federal and local healthcare model supported by:

  • Advanced medical infrastructure
  • Connected digital healthcare systems
  • Ongoing investment in healthcare quality and accessibility

The new healthcare system is expected to further strengthen integration between health services while improving resilience and long-term care outcomes for citizens at every stage of life.

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Dubai Police energy drink warning: What parents need to know about viral trend

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Dubai Police has issued a serious warning about viral social media content encouraging people, especially children, to consume excessive amounts of energy drinks.

Officials from the Cybercrime Department at the General Department of Criminal Investigations said some online videos are chasing views and engagement without considering the potentially dangerous health consequences behind these trends.

Serious health risks highlighted

Dubai Police warned that excessive energy drink consumption can lead to major health complications, including:

  • Heart rhythm disorders
  • Convulsions
  • Loss of consciousness
  • Sudden cardiac arrest

Authorities also stressed that children may face additional risks, such as:

  • Poisoning
  • Stomach disorders
  • Increased anxiety and nervousness
  • Poor concentration and memory
  • Sleep problems
  • High blood pressure and rapid heart rate

Parents urged to monitor online content

Police are urging parents to closely monitor the content children consume online and to educate them about the dangers of blindly following social media trends.

Officials warned that many viral videos are created purely to gain views, likes and interaction, often without regard for public safety.

Report harmful content

Dubai Police called on the public to report any online content promoting dangerous behaviour or threatening community safety through:

  • The Dubai Police smart app
  • The official eCrime reporting platform
  • The non-emergency hotline 901

Awareness platform launched

As part of broader cyber safety efforts, Dubai Police also highlighted its electronic awareness platform, which guides users in both Arabic and English on:

  • Cybercrime prevention
  • Online fraud awareness
  • Digital safety tips for families and businesses

The platform is aimed at children, parents, employees, business owners and social media users across the country.

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