White House national security spokesman John Kirby reiterated that the Biden administration is seeking to avoid an escalation in the region
Project sales were recorded across Aldar's developments, led by Yas Acres, Mayan and West Yas. While three phases of Yas Acres were launched, the first two phases have already sold out.
Aldar remains the only developer in Abu Dhabi still talking about new launches as transaction activity ground to a halt last year.
Its retail asset Yas Mall has 94 per cent occupancy, while office assets are running at 95 per cent. Aldar hotels averaged a 77 per cent occupancy, better than the city-wide average of 73 per cent. Aldar's residential portfolio occupancy was 92 per cent - "a strong performance in the face of a challenging macroeconomic environment".
The developer awarded Dh3 billion worth of construction contracts and earned recurring revenue net operating income of Dh1.6 billion last year.
Mohamed Khalifa Al Mubarak, CEO of Aldar Properties, said: "We have enjoyed a solid year in terms of our underlying financial performance. Our assets have delivered consistent returns through natural market cycles."
- business@khaleejtimes.com
White House national security spokesman John Kirby reiterated that the Biden administration is seeking to avoid an escalation in the region
The latest strike came days after deadly sabotage attacks on Hezbollah's communications devices sent tensions soaring.
Firefighters responded within five minutes and the blaze was brought under control
The Green Spine, designed by URB in collaboration with EPIC Lab, promises to redefine urban mobility through 100 per cent solar-powered trams and eco-conscious infrastructure
The Israeli military said in a statement that it carried out a targeted strike
The hosts were 81-3 at stumps in their second innings on day two in Chennai, as they extended their lead to 308
The competition will be a key highlight of the third edition of the 1 Billion Followers Summit, taking place from January 11 to 13, 2025