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Strategies of Aldar Properties Company Based in the United Arab Emirates - Research Paper Example

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From the paper "Strategies of Aldar Properties Company Based in the United Arab Emirates" it is clear that Aldar Properties was founded in 2000. It is headquartered in Abu Dhabi and got listed on Abu Dhabi Securities Exchange in the year 2004 when the company made its first IPO of AED 1.5 billion…
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Strategies of Aldar Properties Company Based in the United Arab Emirates
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Download file to see previous pages There are no controls on foreign exchange or other such restrictions like trade barriers or quotas (Aldar-a, 2010).
The economic condition of the nation is such that Aldar’s performance remained unperturbed even in 2009 when the global economy was passing through a tough economic situation. Even during this year, the company maintained a robust performance with the net asset value of the company growing to AED 16,650 million from AED 16032 million.
The performance of the company has consistently outpaced the sector and despite the prevailing economic uncertainty, the company board is expecting a strong performance in 2010. The regional stability and resilience offered by Abu Dhabi have provided a strong platform for the company to move forward. Over the years the company has been able to strengthen its position and made its operations resilient in the rapidly changing business environment. Aldar has taken positive measures to adapt itself in the changing economic scenario making it capable of taking on any business challenges successfully (Aldar Properties PJSC, 2009).
Aldar Properties was founded in 2000. It is headquartered in Abu Dhabi and got listed on Abu Dhabi Securities Exchange in the year 2004 when the company made its first IPO of AED 1.5 billion. The first development of the company was Al Jimi Shopping Centre in Al Ain, the only retail property in UAE to have won an international award. Aldar Properties is leading the development of the capital region and is working towards establishing Abu Dhabi as a dynamic market for real estate by developing things that can act as a yardstick of quality. The significant developments of the company include Yas Island, Al Raha Beach, Central Market, KQ, Al Gurm Resort, Al Raha Gardens, Al Mamoura, Motor World, Cleveland Clinic Abu Dhabi, Al Jimi Mall, Al Falah, Baniyas Towers, Noor Al Ain and Al Ruwais Mall (Aldar-b, 2010).
The real estate sector in the country comprises of stable and calm Abu Dhabi and a struggling Dubai. ...Download file to see next pagesRead More
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