Interview with Maan Farid Al-Awlaqi, Executive Director, ALDAR Properties PJSC
Abu Dhabi for Indian Investors
Maan Farid Al-Awlaqi, Executive Director at ALDAR Properties PJSC, on his tour to India met Shubhra Saini and discussed about the kind of investment opportunity they seek from the Indian investors.
Established in 2004 and listed on the Abu Dhabi Stock Exchange (ADX) in 2005. Aldar is one of the largest real estate groups in Abu Dhabi by market capitalisation of about 18 billion Dirham in market cap (approx 5 billion USD).Aldar Properties has two divisions- development and investment management and 75 million square metre of land bank, 2/3rdof it being near the Dubai border.
YAS Island is Company’s destination real-estate project, Elaborating on the same, Maan Farid Al-Awlaqi said, “In 2006 Aldar Properties initiated the development of Yas Island, with the goal of turning the island into a leading destination for tourists and business travellers from around the world. More than $40 billion has been invested to develop the island, set to complete an additional phase of construction in 2018. Today Yas Island boasts of Ferrari World Abu Dhabi and the famed Yas Marina Circuit. There are two hotels comprising 2700 hotel keys. We recently launched medium income group project in YAS Island called Bridges, it was sold out in three days and another middle income residential project launched last year is Water’s Edge that will be ready in three years. Another big project we are working on is with ‘twofour54’, Abu Dhabi’s media and entertainment free zone. They have appointed us as the strategic real estate partner of the Media Zone Authority, which will be situated on Yas Island.”
Elaborating on the demography at their properties, he explained, “We deal with different set of demographics in our properties like in YAS acres, there are Western, Asian and domestic residents, so our properties are a popular among both end user and investment buyers.”
Read full Interview here:
http://realtyplusmag.com/abu-dhabi-for-indian-investors/
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