Strong foreign demand sharply boosts Aldar sales
Talal Al-Dhiyebi told the semi-official UAE daily Al-Ittihad that the Company's total residential sales soared to a record high of around 33.6 billion UAE dirhams ($9.15 billion) last year from nearly AED27.9 billion ($7.60 billion) in 2023.
The increase brought the Company's total sales since the end of the Coronavirus pandemic to nearly AED83 billion ($22.61 billion), he stated.
Al-Dhiyebi said there has recently been a large rise in the number of buyers from foreign countries, mainly the UK, Russia, China and India.
He said the value of sales to foreigners residing inside and outside the UAE jumped from around AED16 billion ($4.35 billion) in 2023 to AED22.2 billion ($6.05 billion) in 2024.
'This is equivalent to around 78 percent of the total sales in 2024…sales to UAE citizens stood at around 22 percent last year,' he said.
Al-Dhiyebi attributed the surge in post-pandemic sales to a number of factors, including the enactment of new investment laws in the UAE, better visa and residence facilities, business incentives and lower fees on various services.
In a report in late 2024, Aldar said it was executing housing projects worth at least AED25 billion ($6.8 billion) in the UAE and other countries.
The government-controlled firm, one of the largest developers in the region, said it was also pushing ahead with major projects on Yas and Saadiyat islands and intended to deliver least 1,700 houses, apartments and villas before the end of 2024.
Out of the 43 housing projects launched in Abu Dhabi emirate during 2024, 10 projects are owned by Al-Dar, the Abu Dhabi Municipality said in early 2025.
(Writing by Nadim Kawach; Editing by Anoop Menon)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
a few seconds ago
- Al Etihad
ADNH Catering to take management control of Compass Arabia
21 Aug 2025 14:40 ABU DHABI (ALETIHAD)ADNH Catering, an Abu Dhabi Securities Exchange-listed company, has taken management control of its joint venture Compass Arabia after completing the acquisition of a 50% stake in the Saudi Arabia-based transaction marks a major milestone in ADNH Catering's regional growth strategy. With the step-up acquisition, Compass Arabia's performance will now be consolidated into ADNH Catering's financial results from August Arabia, which has built a strong track record in Saudi Arabia over the past twelve years, will be rebranded and integrated into ADNH Catering's operational and growth strategies in the Kingdom. The company provides catering and support services to a broad range of clients in the Saudi Cowley, Chief Executive Officer of ADNH Catering, described the acquisition as a significant step forward. 'The step-up acquisition and takeover of management of Compass Arabia Limited marks a strategic milestone in pursuing our Group's growth strategy in the Kingdom of Saudi Arabia and the wider GCC region,' he said. The move follows ADNH Catering's recent acquisition of Food Nation Catering, a leading player in the UAE education sector. Together, the acquisitions reflect the Group's commitment to expanding its footprint in both domestic and regional markets through strategic growth and consolidation. Source: Aletihad - Abu Dhabi
Zawya
43 minutes ago
- Zawya
Rotana partners with Lighthouse to advance data-driven revenue optimisation across global portfolio
Abu Dhabi, UAE – Rotana, one of the region's leading hotel management companies, has announced a strategic partnership with Lighthouse, the hospitality industry's leading commercial platform, to enhance data-driven decision-making and revenue performance across its portfolio. Under the agreement, Rotana will deploy Lighthouse's Rate Insight solution, integrated with iDeaS G3 Revenue Management System, across its 79 operating properties, with all future openings set to join the platform. This next-generation technology will provide Rotana's commercial teams with comprehensive real-time market intelligence, automated pricing optimisation, and intuitive analytics to drive agile, informed decision-making in increasingly competitive markets. As global travel continues to recover and evolve, the hospitality sector faces unprecedented fluctuations in demand, shifting booking patterns, and increased competition from both traditional hotels and alternative accommodation providers. In this environment, access to high-quality, actionable data has become a decisive factor in commercial performance. Eddy Tannous, C O O of Rotana, said: 'This partnership is about unlocking the full potential of our commercial strategy. By combining Lighthouse's industry-leading intelligence with our operational excellence, we are giving our teams the ability to make faster, more informed decisions that protect our brand positioning and drive stronger returns. It's a critical investment in both our people and our future.' 'The hospitality landscape demands data-driven commercial decisions. Our ability to deliver real-time market intelligence positions hotel groups like Rotana to drive business growth while maintaining brand integrity,' said Jens Munch, CEO and Co-Founder of Lighthouse. 'Partnering with a forward-thinking group such as Rotana ensures our platform continues to deliver meaningful impact—enhancing rate positioning, efficiency, and strategic agility at scale.' The collaboration follows a rigorous evaluation process led by Rotana's commercial leadership team, who identified Lighthouse's unmatched data accuracy, real-time processing capabilities, and ease of use as key reasons for selection. Rotana expects the integration to deliver measurable benefits in rate positioning accuracy, operational efficiency, and overall revenue optimisation across diverse market conditions. The Lighthouse commercial platform currently supports more than 70,000 hotels globally, processing 1.7 billion hotel prices and profiling 16.4 million properties every day. The platform also tracks 9.1 million global events and processes 1.2 billion daily searches, enabling hoteliers to respond instantly to competitive shifts, seasonality trends, and demand surges. With this level of intelligence, Rotana's revenue teams will be able to refine pricing strategies in real time, ensuring each property remains competitively positioned in its respective market. The rollout of Lighthouse's solutions reinforces Rotana's broader digital transformation strategy, which has seen the company integrate advanced systems across its operational, guest experience, and commercial functions. By aligning its technology stack with best-in-class platforms, Rotana is creating a robust, scalable infrastructure designed to support its continued expansion in the Middle East, Africa, Eastern Europe, and Türkiye. About Rotana Rotana is one of the region's leading hospitality companies, founded in Abu Dhabi in 1992. It manages a portfolio of over 114 properties in operation and under development across the Middle East, Africa, Eastern Europe, and Türkiye. Known for its commitment to quality and guest satisfaction, Rotana operates six distinct brands: Rotana Hotels & Resorts, Centro Hotels, Rayhaan Hotels & Resorts, Arjaan Hotel Apartments, Edge by Rotana, and The Residences by Rotana. As a member of the Global Hotel Alliance (GHA), Rotana is part of the GHA DISCOVERY loyalty program—one of the world's largest for independent hotel brands—offering guests exclusive benefits at more than 900 hotels in nearly 100 countries. With its brand promise of 'Treasured Time', Rotana continues to expand its presence across key markets while delivering trusted hospitality experiences.
Zawya
an hour ago
- Zawya
ENEC launches Graduate Plant Operator program to equip Emirati engineers for clean energy leadership
Graduates of the program may progress to Senior Reactor Operator (SRO) training; a critical role for sustainable operations of the Barakah Plant Abu Dhabi, UAE: The Emirates Nuclear Energy Company (ENEC), the entity responsible for delivering the UAE Peaceful Nuclear Energy Program, has launched the Graduate Plant Operator (GPO) Program, designed to nurture the next generation of Emirati nuclear operations leaders, strengthening its commitment to investing in the next generation of Emirati nuclear professionals who will drive the nation's nuclear operations forward. The GPO Program is open to high-achieving Emirati graduates with a bachelor's degree with engineering disciplines (Electrical, Mechanical, Nuclear, etc.). It offers a unique pathway to gain the comprehensive knowledge, hands-on experience, and operational expertise essential for a dynamic career in nuclear energy plant operations and management. Candidates will begin their journey with practical training as Local Operators at the Barakah Nuclear Energy Plant, gaining an in-depth understanding of the plant's operational systems. After three years, successful Operators will progress to Senior Reactor Operator (SRO) training; an essential leadership role responsible for the safe operation, maintenance, and testing of plant systems. His Excellency Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC, said: 'The Graduate Plant Operator Program is a strategic investment in our national human capital. By empowering today's graduates, we are building the UAE's clean energy legacy; ensuring our plant operates to the highest national and international standards of safety, security, and efficiency. Nuclear energy not only plays a critical role in assuring energy security and sustainability, but given the life-cycle of nuclear plants, it has created an entirely new sector that offers high-value careers for at least the next 100 years ahead, providing job security for decades.' The GPO Program is one of numerous education and training initiatives launched by ENEC since its inception to ensure a robust pipeline of skilled professionals dedicated to the safe and efficient operation of the Barakah Plant over its 60 years of operations and beyond. It complements ENEC's existing Graduate Development Program (GDP), which offers 12 to 30 months of structured, workplace-based learning for Emirati graduates across technical and support functions critical to Barakah's operations. Admission criteria for both programs are closely aligned. ENEC has empowered over one thousand Emirati talents through a range of programs, including, Scholarships, Train for Work, the Graduate Development Program (GDP), the Diploma in Nuclear Technology (DNT), and the Internship. State-of-the-art facilities at Barakah have enabled the company to cultivate a team of over 70 Emirati SROs and ROs, who form the backbone of the plant's 190-strong SRO and RO workforce; highlighting the UAE's success in building a local nuclear workforce. Emirati graduates interested in applying to the GPO Program or learning more about ENEC's talent development opportunities can visit: About the Emirates Nuclear Energy Company The Emirates Nuclear Energy Company (ENEC) is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. Established by decree in December 2009 by the late His Highness Sheikh Khalifa Bin Zayed Al Nahyan, ENEC represents all aspects of the United Arab Emirates (UAE) Peaceful Nuclear Energy Program. The four units of ENEC's flagship Barakah Nuclear Energy Plant are generating 40 TWh of safe, clean and reliable electricity 24/7 for the UAE, boosting the Nation's energy security and sustainability in parallel. The Barakah Plant generates around 25% of the nation's electricity while preventing the release of 22.4 million tons of carbon per annum. As a result, ENEC is leading the largest decarbonization effort in the country and spearheading the UAE Net Zero by 2050 Strategic Initiative. Beyond overseeing safe, quality-led operations at Barakah, ENEC is focused on exploring opportunities to maximize the full value of the expertise developed in nuclear mega project program delivery and technology deployment through investment, collaboration and development opportunities. As part of this, ENEC is looking at new nuclear energy technologies such as Small Modular Reactors (SMRs) and Advanced Reactor technologies, through its ADVANCE Program, for potential domestic and international deployment. About ENEC Operations A Joint Venture subsidiary of the Emirates Nuclear Energy Company (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), ENEC Operations is mandated to safely operate and maintain Units 1 to 4 of the Barakah Nuclear Energy Plant in adherence to the highest standards of quality, safety, security, and operational transparency. ENEC Operations is a multinational, multicultural company committed to operating excellence through its skilled nuclear energy workforce in the United Arab Emirates, with a focus on the development of UAE Nationals, and ensuring the highest levels of efficiency and standards in operating the Barakah Plant. About ENEC Commercial A Joint Venture subsidiary of the Emirates Nuclear Energy Company (ENEC) and partially owned by the Korea Electric Power Corporation (KEPCO), ENEC Commercial is in charge of representing the financial and commercial interests of the Barakah Nuclear Energy Plant project. For more information, visit Media Contact: edelman enec@ media@
