Aldar Properties PJSC Verified

About Aldar Properties PJSC

Aldar Properties PJSC

Aldar Properties PJSC (Arabic: شركة الدار العقارية Sharikah al-Dār al-`Iqāriyyah) is the leading real estate development, management, and investment company in Abu Dhabi and the wider United Arab Emirates (UAE). The company plays a fundamental role in creating integrated, livable, and sustainable communities that are shaping the future of the Emirate’s urban landscape.

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History and Founding

• Date of Foundation: Aldar Properties was officially established on January 12, 2004, in Abu Dhabi, UAE.
• Initial Goal: From its inception, the company aimed to redefine the real estate sector in Abu Dhabi and become a key player in the Middle East region, focusing on master planning, construction, investment, and asset management.
• Stock Market Listing: Aldar’s shares were listed on the Abu Dhabi Securities Exchange (ADX) in 2005 (Stock quote: ALDAR:UH).
• Key Merger: A major corporate milestone was the merger with Sorouh Real Estate in 2013, which created one of the largest real estate entities in the region, continuing to operate under the Aldar name.

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Key Ownership and Shareholder Structure

Aldar’s ownership structure is predominantly influenced by government-related investment vehicles in Abu Dhabi.

• Largest Shareholder: Mubadala Investment Company (a sovereign wealth fund of Abu Dhabi) has historically been and remains a significant and influential shareholder. Alpha Dhabi is also reported as the largest shareholder as of recent data, indicating a strong link to the Abu Dhabi government’s strategic investment arm.
• Public Ownership: The company is publicly traded on the ADX, with stakes held by various institutional and individual investors.
• Board Leadership:
  • Chairman of the Board: H.E. Mohamed Khalifa Al Mubarak.
  • Group Chief Executive Officer (CEO): Talal Al Dhiyebi.

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Guiding Principles and Slogan

While not promoting a single, formal public slogan, Aldar communicates its brand identity and commitment through its core values and mission.

• Key Brand Messaging: Phrases like “Live Life to the Fullest with Aldar” and “Driven by Details” are used to reflect their commitment to quality and comprehensive lifestyles.
• Guiding Values:
  • Result-Oriented.
  • Growth-Minded.
  • Community-Focused.
  • Collaborative.
  • Responsible.

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Major Achievements and Iconic Projects

Aldar is responsible for developing several iconic landmarks and integrated communities, primarily concentrated in Abu Dhabi.

Project Type	Project Name	Focus and Key Features
Iconic Island	Yas Island	A major leisure, entertainment, and residential hub, home to the Yas Marina Circuit (F1 track), Ferrari World, Yas Mall (Abu Dhabi’s largest), and numerous hotels.
Corporate Landmark	Aldar HQ	The company’s distinctive circular headquarters building located in Al Raha Beach, recognized as the world’s first circular skyscraper.
Waterfront Development	Al Raha Beach	A massive, luxury mixed-use development, which includes the iconic Gate Towers and Aldar HQ.
Cultural Destination	Saadiyat Island	Developing residential and leisure components near cultural landmarks like the Louvre Abu Dhabi and Zayed National Museum.
Urban Center	World Trade Centre Abu Dhabi (WTC)	A complex of commercial, residential, hotel, and retail towers in the city center.

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Current Operations and Business Segments

Aldar operates a diversified, vertically integrated business model across the real estate value chain, structured into two main arms:

1. Aldar Development:
   • Focus: Master developer of integrated communities, managing the company’s vast land bank.
   • Aldar Projects: Manages fee-based development management, including large-scale government housing and infrastructure projects (e.g., AED 45 billion in government projects).
   • Aldar Ventures: Incubates new business opportunities and innovation areas.
2. Aldar Investment:
   • Focus: Core asset management business, comprising a large portfolio of income-generating investment properties.
   • Aldar Estates: Consolidates integrated property management services, including retail operations (e.g., Yas Mall, Al Jimi Mall), residential, commercial real estate operations, and community management.
   • Aldar Education: Operates a portfolio of schools (Aldar Academies).
   • Aldar Hospitality and Leisure: Manages a portfolio of hotels (over 2,900 keys), golf courses, beach clubs, and marinas, centered around Yas and Saadiyat Islands.

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Frequently Asked Questions (FAQ)