Latest news with #Dh16.5
Khaleej Times
23-03-2025
- Business
- Khaleej Times
Masdar invests Dh30 billion in 2024, launches new projects in 9 countries
Abu Dhabi Future Energy Company – Masdar has reinforced its leadership in the global clean energy sector by deploying close to Dh30 billion in equity investments and securing more than Dh16.5 billion of project financing across nine countries. These accomplishments reflect Masdar's commitment to expanding its renewable energy portfolio while driving the global energy transformation. Since its establishment in 2006, Masdar has been a key enabler of the UAE's vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030. Masdar contributes to accelerating development and supporting the UAE's ambition to become the world's largest developer, owner, and operator of renewable energy and green hydrogen. It also aids countries globally in achieving their climate neutrality plans, while increasing its project portfolio's production capacity to 51GW by the end of 2024. Masdar's growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company's presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE. Additionally, Masdar announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan. Masdar also signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.
Al Etihad
23-03-2025
- Business
- Al Etihad
Masdar invests Dh30 billion in 2024, launches new projects in 9 countries
23 Mar 2025 15:33 ABU DHABI (WAM) Abu Dhabi Future Energy Company – Masdar has reinforced its leadership in the global clean energy sector by deploying close to Dh30 billion in equity investments and securing more than Dh16.5 billion of project financing across nine accomplishments reflect Masdar's commitment to expanding its renewable energy portfolio while driving the global energy its establishment in 2006, Masdar has been a key enabler of the UAE's vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by contributes to accelerating development and supporting the UAE's ambition to become the world's largest developer, owner, and operator of renewable energy and green hydrogen. It also aids countries globally in achieving their climate neutrality plans, while increasing its project portfolio's production capacity to 51GW by the end of growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company's presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the Masdar announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan. Masdar also signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.
The National
14-03-2025
- Business
- The National
Money & Me: 'Investing in Dubai property is great to beat inflation'
Dutch national Kristan De Graaf dismisses the idea of saving money in the bank. Instead, he is willing to take big risks and believes in the compounding power of investments. The 30-year-old, who lives with his wife and one-year-old son in Dubai Hills, earns money through two main sources. He is the co-chief executive and founder of Elite Rentals Dubai, a supercar rental and luxury yacht charter service. However, he makes big profits through property investments in which he and his brother buy plots of land to develop or acquire mansions and renovate them. They then sell them on at 'record values'. For instance, Mr De Graaf bought the land for the Dubai Hills property he now lives in three years ago for Dh16.5 million ($4.5 million), built a villa for Dh17.5 million and believes it is now worth Dh82 million. He says his most cherished purchase is a Lamborghini Tecnomar 63 yacht in Dubai, for which he paid €4.6 million ($4.8 million) last year. He has lived in the UAE since 2019 when he arrived on holiday and never left, and has a master's degree in international business management at the University of Amsterdam. My first job was selling apartments to expatriates in Amsterdam and I earned €2,500 per month in 2015. In 2019, my brother and I took over a yacht management and supercar luxury rental in Dubai. My friends were already managing the business very successfully and we took over. We initially earned around €10,000 to €15,000 net profit, or approximately Dh40,000 to Dh45,000, per month. We do big numbers now as the business has scaled a great deal. But luxury car and yacht rentals are just one part of what we do. Our real business is to buy land for development or mansions for renovations, and sell them. For instance, we bought a 13,500 square feet plot in Dubai Hills in 2022 for Dh16 million, spent Dh18 million on developing it and sold it for Dh82 million in 25 months. So, we made a profit of Dh48 million on this project alone. We put all our money in real estate and cryptocurrencies. I started investing in crypto in 2019 and in property three years ago. Most of my property investments are in the UAE. No, I don't take any form of debt. I have strong partners behind me to support my real estate investments. No, I come from nothing. My father was an architect for superyachts. I learnt everything about money myself. We faced a big tax issue in the Netherlands, which put us down very hard. But we came back from it and the incident made us very strong. My standard expenses come up to around €50,000 per month. These are on my basic needs such as clothes, food, drinks and going out socially. I don't save. Instead, I believe in benefiting from the power of compounding investments. I don't plan to retire because I do what I like. Yes, it's saved in a safe crypto wallet that can be liquidated anytime. Yes, when we need money or cash flow for new real estate projects. That's the only thing we worry about. I want to create more awareness about the real estate projects that we undertake. I don't have a personal financial goal per se. To be able to go wherever I want when I want and not stay in one place. I have already achieved financial freedom. Investing in property in Dubai is great to beat inflation. Never put your money in the bank, put it in the right instruments so it will keep compounding.
