Yas Island

Aldar shares gain as developer launches three new projects

: Monday, April 21 - 2014 @ 18:08

The Abu Dhabi market index ADXGI finished one per cent higher at 5,191.82 points on Monday, April 21.

Aldar Properties edged up by 4.54 per cent to AED4.61.

Earlier in the day, the first developer in the UAE capital said it launched three new residential developments on Yas Island and at Al Raha beach. Off-plan sales for the three residential and villa developments will commence in May and construction is scheduled to begin in 2015. The three developments have a combined gross development value of approximately AED5bn ($1.36bn).

Gérard Al-Fil

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Monday, April 21- 2014 @ 18:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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