Latest news with #Aldar
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE: Dh70 million endowment project to support people of determination, chronic patients
The Endowments and Minors Funds Authority (Awqaf Abu Dhabi) and Aldar have partnered to develop a real estate endowment project, valued at Dh70 million, in support of the Awqaf Abu Dhabi Life Endowment campaign. Proceeds from the project will be dedicated to enhancing healthcare access, specifically by covering treatment costs and providing support for individuals with chronic illnesses, and, People of Determination. Awqaf Abu Dhabi will provide the land, while Aldar will lead with its design, development, and delivery. The project introduces an innovative and sustainable model of real estate investment, generating recurring income that will be reinvested into strengthening the healthcare system and enhance its capacity to meet future challenges. Launched by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), the Awqaf Abu Dhabi Life Endowment campaign, under the slogan 'With You For Life', aims to build a lasting fund to support the healthcare needs of underserved groups. This includes access to medications, mental health services and other forms of medical support.
Al Etihad
2 days ago
- Business
- Al Etihad
Awqaf Abu Dhabi and Aldar to develop Dh70m real estate endowment project to support People of Determination and patients with chronic diseases
29 May 2025 20:17 ABU DHABI (ALETIHAD)The Endowments and Minors Funds Authority (Awqaf Abu Dhabi) and Aldar have partnered to develop a real estate endowment project, valued at Dh70 million, in support of the Awqaf Abu Dhabi Life Endowment from the project will be dedicated to enhancing healthcare access, specifically by covering treatment costs and providing support for individuals with chronic illnesses, and, People of Determination. The initiative aligns with goals of the Awqaf Abu Dhabi Life Endowment campaign, launched by Awqaf Abu Dhabi, as well as Aldar's commitment to driving long-term community impact through strategic investments in social Abu Dhabi will provide the land, while Aldar will lead with its design, development, and delivery. The project introduces an innovative and sustainable model of real estate investment, generating recurring income that will be reinvested into strengthening the healthcare system and enhance its capacity to meet future by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), the Awqaf Abu Dhabi Life Endowment campaign, under the slogan With You For Life, aims to build a lasting fund to support the healthcare needs of underserved groups. This includes access to medications, mental health services, and other forms of medical General of Awqaf Abu Dhabi, His Excellency Fahad Abdulqader Al Qassim, said, 'The Awqaf Abu Dhabi Life Endowment campaign marks a significant shift in the use of endowments for development. It moves beyond traditional models to create an innovative, sustainable system of endowments that direct resources to strengthen the vital healthcare sector. This approach ensures ongoing giving and support, promotes community well-being, and improves public health.''Awqaf Abu Dhabi believes in leveraging endowment assets as a sustainable source of funding for development, providing a consistent revenue stream for social and healthcare projects. This endowment project, developed in collaboration with Aldar, embodies this vision. It will generate sustainable income to strengthen the healthcare system's capacity to provide long-term care for individuals with chronic illnesses, and People of Determination.' Group Chief Executive Officer at Aldar, Talal Al Dhiyebi, said, 'We are honoured to collaborate with Awqaf Abu Dhabi on this groundbreaking endowment project, which underscores the importance of public-private partnerships in developing innovative solutions to address social challenges. By leveraging real estate investment, the initiative will provide greater access to healthcare for those who need it most, reflecting the UAE's deeply rooted values of giving and social solidarity.'
Time Out Abu Dhabi
4 days ago
- Business
- Time Out Abu Dhabi
These brand-new Yas Island residences completely sold out in one day
Yas Island just dropped a major flex. The capital's hottest new address – the Waldorf Astoria Residences Yas – sold out all 133 units in just one day. That's Dhs850 million in sales before the ink was even dry, setting a new price-per-square-metre record for the island at a jaw-dropping Dhs37,000. That's not just a splash; that's a cannonball into the deep end of the luxury market. So, what makes this place so irresistible? Think five-star hotel service, panoramic views over Yas Links Golf Course and the Yas Marina Circuit and ultra-luxe living from a brand that practically invented glamour. It's Waldorf Astoria's first-ever residential project in Abu Dhabi and clearly, that name still carries serious weight – especially when teamed up with Yas Island's global clout. Buyers weren't just local, either. The biggest chunk of interest came from the UK, China and the UAE, with 76 percent of the sales going to expats and international investors. First-time Aldar buyers made up 70 percent of the buyers and here's a stat that might surprise you – 66 percent of buyers were under 45. So, yes, luxury living is getting younger, faster and savvier. The homes range from stylish one-beds to sprawling four-bedroom penthouses, each fully furnished and built for people who expect their homes to come with concierge service, resort-level amenities and bragging rights. Set right on Yas Island, you're never far from a mega-mall, a race track, a rollercoaster or an award-winning meal – this is living large, Abu Dhabi style. And if you missed out? Consider it a wake-up call. Yas Island is only getting hotter and Aldar clearly knows how to throw a launch. More going on in Abu Dhabi UAE residents can now save big time on flights thanks to a new Skyscanner feature No complaints here You can now get a robotaxi from Zayed International Airport Trips to the airport just got an upgrade Abu Dhabi's best restaurants: Everywhere you should eat at least once Your dinner inspo is sorted 20 incredibly fun ways to explore Abu Dhabi after dark The city is at its most fascinating once the sun goes down
Forbes
4 days ago
- Business
- Forbes
See Inside Waldorf Astoria Residences Yas, Which Sold Out In A Day
Waldorf Astoria Residences Yas is the first branded residences on Abu Dhabi's Yas Island Would you live on an island with a Formula One race circuit and Disney theme park? Well, if you answered yes, you're not alone. Yas Island, long-established as the home of the Abu Dhabi Grand Prix, is known across the United Arab Emirates as an entertainment hub. Its reputation as a vibrant, family-friendly destination is further cemented with the recent announcement of a landmark Disney theme park—the first in the Middle East. Evidently, Yas Island is also a coveted place to live. Waldorf Astoria Residences Yas, the first-ever branded residential development on the island, broke records as one of the fastest-selling properties by Aldar, the leading real-estate developer in Abu Dhabi. Developed by Aldar, Waldorf Astoria Residences broke records as one of the fastest selling properties globally Each of the 133 residences, priced at AED 3.8 million price per unit, were sold in 24 hours—an amazing feat for any new product, let alone a property. Since it launched on May 22, it has already generated AED 850 million in sales. What's the appeal? Firstly, the high-end development is on a quieter side of Yas Island and offers sweeping views of the Yas Links Golf Course as well as the Yas Marina Circuit. The new Waldorf Astoria Residences Yas will have three buildings, which are being designed according to biophilic principles by Nordic Office Architects. The development has sweeping views of the Yas Links Golf Course Aldar is also committed to a more sustainable approach, employing low carbon concrete and steel during construction. It also aims to create homes that are 35% more energy efficient and 45% more water efficient when compared to similar developments. The furnished homes, which include one-to-three-bed apartments, one-bed duplexes, and four-bed ultra-luxurious penthouses, will have interiors that speak of the signature glamor associated with the Waldorf Astoria brand. The cherry on top? Luxury amenities and services including a residents' lounge, spa and wellness facilities, as well as a 24/7 personal concierge. Waldorf Astoria Residences Yas has 133 units that sold out in a day Interestingly, the future homeowners of Waldorf Astoria Residences Yas are a global group, with international buyers largely from the UK and China making up 76% of the sales. Majority of the buyers are Xennials—individuals born between the late 1970s and early 1980s that sit on the cusp of Generation X and the Millennials—with 66% under the age of 45.
Zawya
5 days ago
- Business
- Zawya
Aldar announces launch day sell-out of all 133 homes at Waldorf Astoria Residences
ABU DHABI: Aldar has announced the launch day sell-out of all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island generating AED 850 million in sales. The development attracted a broad range of buyers with its world-class amenities, legendary Waldorf Astoria service, and prime location on Yas Island. Expatriate residents and international investors account for 76% of total sales, with the remaining 24% attributed to UAE nationals. Global demand was led by buyers from the UK and China reflecting the international appeal of Yas Island due to its position as one of the region's most vibrant destinations. Notably, 66% of buyers were under the age of 45, highlighting strong demand for luxury, hospitality-driven living among younger demographics. Additionally, 68% of sales were to first-time Aldar buyers, reflecting the expanding reach and appeal of Aldar's residential offerings. The project brings Hilton's iconic Waldorf Astoria brand to Abu Dhabi for the first time, setting a new benchmark for luxury living in the capital. Commenting on the sales performance, Jonathan Emery, Chief Executive Officer at Aldar Development said: 'The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address. As the island's first branded residential offering, its overwhelming success is a strong indicator of the rising demand for luxury, hospitality-led living in Abu Dhabi and the universal appeal of the Waldorf Astoria brand.' Waldorf Astoria Residences Yas comprises an exclusive collection of elegantly furnished homes, including one-to-three-bedroom apartments, duplexes, and luxurious four-bedroom penthouses. The development is strategically located along the iconic Yas Links Golf Course, with sweeping views of both the lush fairways and the world-famous Yas Marina Circuit, home to the Formula 1 Etihad Airways Abu Dhabi Grand Prix.
