Aldar Properties, Abu Dhabi’s leading property development, management and investment company, has reported a 15% year-on-year increase in revenue to Dhs3.42 billion in the first half of 2019. Abu Dhabi’s property market growth is in the process of soaring!
Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties commented: “There is an upswing in sentiment towards Abu Dhabi‘s real estate market with the recent announcement of our Dhs9 billion worth of development projects since the start of 2019. Those, coupled with government initiatives to spur economic growth, are having a positive multiplier effect on the wider Abu Dhabi economy and stirring confidence. This is reflected in our strong performance for the period, underpinned by near Dhs2 billion in off-plan sales. Also, we are investing wisely, extracting more value from our investment portfolio, which is contributing to our growth. The wheels of change are in motion and Aldar is well-positioned and well-funded to capitalise on emerging opportunities.” Abu Dhabi’s property market growth is constantly being fulled due to government efforts and market corrections.