Aldar gains on Cleveland Clinic deal

August 24, 2014 4:41 pm

Like its sister market in Dubai, the Abu Dhabi equity market index ADXGI started the last week of trading with a positive momentum, ending 0.60 per cent higher at 5,081.73 points on Sunday, August 24.

Aldar Properties surged by 2.10 per cent to hit AED3.95. Earlier in the day, the biggest developer in the capital emirate of the UAE, revealed in a filing to the market that it secured a deal to lease 607 apartments to Cleveland Clinic Abu Dhabi to provide accommodation for the hospital’s employees. The leased units are at the Gate Towers development on Al Reem Island and the Al-Rayyana development in Khalifa City.

Gérard Al-Fil