Aldar Properties (ALDAR) – Introduction and background |
Aldar Properties is an Emirati real estate development and management company based in Abu Dhabi.
Founded in 2005, Aldar has grown to become one of the largest and most influential real estate companies in the UAE. The company’s portfolio includes residential, commercial, retail, hospitality and community developments across the UAE. Aldar is best known for major landmark projects including Al Raha Beach and Yas Island. Ongoing developments include the Shams Island in Abu Dhabi. Aldar has a diversified revenue stream from development, sales and rental income and property management.
Aldar Properties is publicly listed on the Abu Dhabi Securities Exchange, trading under the ticker ALDAR. The company’s shares are included in the ADX General Index and MSCI Emerging Markets Index. Aldar’s largest shareholder is Mubadala Investment Company, which is the sovereign wealth fund of the UAE. That means ALDAR is a state-controlled enterprise.
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