Aldar Properties will continue its focus on the price-conscious Abu Dhabi investor with the launch at a property exhibition in the capital today of its second mid-market off-plan housing project.
Abu Dhabi’s largest listed developer said yesterday that it plans to build 1,272 homes on Reem Island with prices for studio apartments starting at Dh450,000.
At 2015’s Cityscape Abu Dhabi event, Aldar launched Shams Meera, its first mid-market project, with prices starting at Dh900,000 for a one-bedroom flat. Construction work started in 2016.
Aldar said that the new Dh1.3 billion The Bridges project, close to Repton School Abu Dhabi in the Shams district of Reem Island, would comprise six towers, three of which the developer plans to retain as part of its leasing portfolio.
The news comes as brokers published more bearish data on the Abu Dhabi property market. Asteco said yesterday that apartment sale prices for completed properties fell by an average of 2 per cent in the first three months of the year and 4 per cent compared with a year earlier. Earlier, JLL and dubizzle put the decline at 5 per cent.
“As far as we’re concerned work is going at full steam ahead,” said Mohamed Al Mubarak, Aldar’s chief executive.
“Museums are being built, theme parks are being built, schools are being built, hospitals are being built. All these need people to work in them.”
Aldar said it was marketing the project to end users and investors earning between Dh20,000 and Dh30,000 a month – people the company said made up between 40 and 60 per cent of the total population of the capital.
Studio apartments are priced at between Dh450,000 and Dh460,000. One-bedroom apartments will be marketed for Dh730,000 and two-bed apartments for about Dh1 million.
Construction is expected to begin in the fourth quarter, with handover during the first quarter of 2020.
Aldar’s launch is expected to be one of a number of off-plan property launches at Cityscape Abu Dhabi.
These include Imkan, which will start marketing its The Artery building in the new Makers the District on Reem Island, and Abu Dhabi developer Bloom, which will start marketing its Bloom Towers housing development in Jumeirah Village Circle in Dubai.
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
KINGDOM%20OF%20THE%20PLANET%20OF%20THE%20APES
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The%C2%A0specs%20
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12%20restaurants%20opening%20at%20the%20hotel%20this%20month
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Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
Company%20Profile
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Terminator: Dark Fate
Director: Tim Miller
Starring: Arnold Schwarzenegger, Linda Hamilton, Mackenzie Davis
Rating: 3/5
Ponti
Sharlene Teo, Pan Macmillan
Company%20profile
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ALL THE RESULTS
Bantamweight
Siyovush Gulmomdov (TJK) bt Rey Nacionales (PHI) by decision.
Lightweight
Alexandru Chitoran (ROU) bt Hussein Fakhir Abed (SYR) by submission.
Catch 74kg
Omar Hussein (JOR) bt Tohir Zhuraev (TJK) by decision.
Strawweight (Female)
Seo Ye-dam (KOR) bt Weronika Zygmunt (POL) by decision.
Featherweight
Kaan Ofli (TUR) bt Walid Laidi (ALG) by TKO.
Lightweight
Abdulla Al Bousheiri (KUW) bt Leandro Martins (BRA) by TKO.
Welterweight
Ahmad Labban (LEB) bt Sofiane Benchohra (ALG) by TKO.
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR) no contest.
Lightweight
Mohammed Yahya (UAE) bt Glen Ranillo (PHI) by TKO round 1.
Lightweight
Alan Omer (GER) bt Aidan Aguilera (AUS) by TKO round 1.
Welterweight
Mounir Lazzez (TUN) bt Sasha Palatkinov (HKG) by TKO round 1.
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR) by KO round 1.
COMPANY%20PROFILE%20
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Wayne Rooney's career
Everton (2002-2004)
- Appearances: 48
- Goals: 17
Manchester United (2004-2017)
- Appearances: 496
- Goals: 253
England (2003-)
- Appearances: 119
- Goals: 53
COMPANY%20PROFILE
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Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Company%20Profile
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Company%20Profile
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THE SPECS
Engine: 2.0-litre four-cylinder turbo
Transmission: eight-speed automatic
Power: 258hp at 5,000-6,500rpm
Torque: 400Nm from 1,550-4,400rpm
Fuel economy, combined: 6.4L/100km
Price, base: from D215,000 (Dh230,000 as tested)
On sale: now
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
COMPANY%20PROFILE%20
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COMPANY%20PROFILE
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Cherry
Directed by: Joe and Anthony Russo
Starring: Tom Holland, Ciara Bravo
1/5
More on Quran memorisation:
COMPANY%20PROFILE%20
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Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
COMPANY%20PROFILE
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