Author : Jaidev
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| ALDAR's development of real estate projects across its portfolio in the emirate of Abu Dhabi is estimated at more than $72 billion |
Leading real estate developer in Abu Dhabi, ALDAR Properties has incorporated three subsidiary companies on Yas Island to meet legal requirements, a senior company executive said.
He said ALDAR's market capitalisation as of yesterday was in the vicinity of Dh10 billion. Shares of ALDAR on the Abu Dhabi Securities Exchange fell 4.90 per cent yesterday to close at Dh3.31 per share.
ALDAR's development of real estate projects across its portfolio in the emirate of Abu Dhabi is estimated at more than $72 billion (Dh264.24 billion) in terms of value with the entire portfolio slated to be completed and delivered over a period of seven to ten years.
Source : Gulf News
