The popular companies like Aldar Properties are seeing some changes. The parent company of Aldar is going to be Alpha because it is going to increase its stake this year. The builders have done a number of world-class properties in the housing and commercial sector of locations like Abu Dhabi.
For the last one to two years the builders have been working in Dubai which means that the growth of the company is good and not only but Aldar is also popular for delivering luxurious properties.
The price of the properties built by Aldar is also good for investment and rental yields. The investors are attracted towards the properties built by Aldar properties because of its popularity and fantastic services in UAE. People who have bought houses from them are liking the floor plan and the modern design. There are also new projects to be coming where Aldar is also working in new commercial properties near Al Maktoum International Airport.
Alpha Dhabi Holding, a UAE-based investment holding firm, has become the single big shareholder in UAE's real estate agency Aldar Properties by raising their share in it. Alpha Dhabi has increased Aldar's shareholding with this latest additional investment to match its current majority representation on the Aldar Board of Directors. Aldar will thus be shown as a subsidiary in Alpha Dhabi's consolidated financial accounts, with effects shown in its financial performance for Q2 2022 onwards.
Following required regulatory permissions, Alpha Dhabi acquired an entity already owning shares in Aldar, therefore providing the extra stake.Alpha Dhabi paid 3.5 billion dirhams ($953 million) for a 12.8 percent share in Aldar Properties from Mubadala Investment Company in April last year; Mubadala remained a long-term strategic investor with a 25 percent share in the company which is huge for a real estate company.
Alpha Dhabi acquired a further 17 percent share in the company in January, therefore raising the total ownership to 29.8 percent. Driven by its diversified asset base and developing Abu Dhabi business, Aldar keeps showing great financial performance and shareholder returns.
Having doubled from the sales in the year before, the corporation reported its highest-ever annual development sales in 2021 and has enlarged its land bank in the UAE. Furthermore drawing investment from world giants such as Apollo, which recently committed $1.4 billion in strategic growth capital through monetisation of Aldar's long-term land bank and equity investments into its flagship investment properties platform.
With this more stake of Alpha Dhabi Holding it is expected by the brokers that investors from other countries will be interested in the future properties that will be built by Aldar. There are going to be a number of plans for the works outside Abu Dhabi and in the field of commercial properties. Year 2024 has seen a good percentage of sales and some professionals also said it will be the same next year also which is a good thing for the company.
