Mr. Maan Al Awlaqi, Executive Director, Commercial, Aldar Properties PJSC
Mr. Maan Al Awlaqi: Aldar Properties PJSC, is the leading real estate developer in Abu Dhabi, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate of Abu Dhabi.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange and it is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail at Yas Mall and The Mall at the World Trade Centre, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Mr. Maan Al Awlaqi: Aldar is focused on creating communities. This means residential developments that place amenities at the heart, along with spaces that enable interaction with others in the community. Examples of this include the wide green spaces in West Yas, the open areas within Ansam, the rooftop pool at Al Hadeel, or the farm project, known as HARVEST in our recently launched Alghadeer masterplan.
In addition to creating homes and communities, rather than simply “units”, our goal is to deliver desirable destinations. For Aldar destination means more than a location. Destination is something that is both aspirational and accessible. Taking Yas Island as an example, in one location you have one of the region’s largest shopping malls – Yas Mall, an award winning links golf course – Yas Links, F1 racetrack – Yas Marina Circuit, and a number of theme parks – Yas Waterworld, Ferrari World Abu Dhabi, and Warner Brothers. Supporting these are a range of real estate products, from the premium villa development of West Yas, gated community Yas Acres featuring villas and townhouses centered upon a golf course, as well as high end apartment communities, Ansam and Mayan, to the more affordable Water’s Edge launched in October last year.
Mr. Maan Al Awlaqi: Chinese investors looking to diversify their investment portfolios will find in Aldar, and Abu Dhabi, and attractive destination for real estate investment. As the seat of government for the UAE, Abu Dhabi is a cosmopolitan business environment, and the beating heart of the country’s hydrocarbon industries, as well as being home to a number of free trade zones such as KIZAD – location of Emirates Global Aluminium – a national champion exporter.
Abu Dhabi real estate is well regulated and governed by the Real Estate Law of 2016 ensuring a transparent, investor friendly environment. With its significant landbank, Aldar is a strong partner for corporates looking to set up headquarters within the UAE that can provide a strong staging post for access into the rest of the GCC – a growing economic bloc with nominal GDP in excess of USD1.5 trillion.
Mr. Maan Al Awlaqi: Aldar Properties plans to present the following projects at LPS: Alghadeer, Reflection, Mayan, Yas Acres.
Mr. Maan Al Awlaqi: For any investment, research is obviously important. Abu Dhabi is a relatively young real estate market, and as such the real estate on offer is increasingly heterogeneous in nature. This means that there is a wide spread of opportunities in which to invest. For international investors, it is also worth noting that there are specific areas designated as “investment zones” which are open to foreign investment.
Real estate markets are cyclical and Abu Dhabi is no different. We believe that given where Abu Dhabi is in the current cycle, numerous opportunities exist to invest in luxury off-plan real estate in order to capitalise on the gains as we move towards the top of the cycle.
Mr. Maan Al Awlaqi: The best thing for investors considering investing in real estate developed by Aldar is to visit us at the LPS event. Alternatively, all of our information can be found at Aldar.com and we would welcome the opportunity to talk to anyone looking to invest with us. Potential investors can of course call us on 00971 800 25327.