• Business

Aldar Properties Plans Dubai Projects This Year After Venture With Dubai Holding

by CEO Editorial Team

February 9, 2023 2

Aldar Properties, a leading real estate development company in Abu Dhabi, has announced plans to launch multiple projects in Dubai this year after partnering with Dubai Holding, one of the largest investment companies in the UAE. The partnership aims to tap into Dubai’s rapidly growing real estate market, which has been driven by a strong demand for both residential and commercial properties.

Aldar Properties is known for developing world-class residential, commercial, and mixed-use projects across the UAE. With its experience and expertise, the company is well positioned to take advantage of the opportunities presented by the Dubai real estate market. Dubai Holding, on the other hand, has a strong track record of delivering large-scale projects in Dubai and across the UAE, making it an ideal partner for Aldar Properties.

One of the major projects that the two companies plan to undertake is the development of a large-scale residential project in Dubai’s Al Furjan neighborhood. The project will feature a mix of luxury apartments, townhouses, and villas, catering to the demand for high-end residential properties in the area. Al Furjan is a popular location for families and young professionals, and the project is expected to be well received by this demographic.

In addition to the residential project, Aldar Properties and Dubai Holding are also planning to develop a number of commercial projects in Dubai’s Central Business District (CBD). The CBD is home to a number of high-rise office buildings and shopping centers, and is a popular destination for both local and international businesses. The new commercial projects will help to further enhance the appeal of the CBD as a prime business location.

The partnership between Aldar Properties and Dubai Holding is expected to bring a significant boost to Dubai’s real estate market. The projects will create new job opportunities and drive economic growth in the area, while also offering high-quality homes and offices to the people of Dubai.

The launch of these new projects is in line with the UAE’s Vision 2021, which aims to make the country a leading destination for investment and business. The government has been supportive of the real estate sector, investing in infrastructure projects and introducing regulations that make it easier for companies to develop and launch new projects.

Dubai is a “super important market of ours and we see lots of growth there,” Chief Financial Officer Greg Fewer said. “We see well over 20 billion dirhams in growth development value of the projects that we have acquired and partnered” with state-owned Dubai Holding, Fewer said.

Aldar Properties and Dubai Holding have a shared vision of creating sustainable and innovative projects that meet the needs of the modern consumer. With their combined expertise and commitment to excellence, the partnership is poised to deliver some of the most exciting real estate developments in Dubai in the coming years.

The partnership between Aldar Properties and Dubai Holding is a significant step forward for the real estate market in Dubai. The planned projects are expected to bring a new level of development and investment to the city, helping to further establish Dubai as a leading hub for business and investment in the region.