Aldar Properties Arabia: This year we aim for sales of between 7-8 billion dirhams

Aldar Real Estate Group CEO Talal Al-Dhiyebi said “Aldar” has achieved very strong results in terms of revenues and profits in the first profit of 2022, which saw the addition of the results of the Egyptian “SODIC”, after its acquisition last year, taking into account the Egyptian currency difference, calculated on the basis of the average price for the quarter.

Talal Al-Dhiyabi added, in an interview with Al-Arabiya, today, Wednesday, that the company has a long-term view of the Egyptian market and is investing for future periods, and the movements of the currency are not strange, but it is subject to a number of global geopolitical challenges affecting emerging market currencies, which is part of the company’s normal job.

He explained that the Egyptian economy is strong and is seeing a strong growth rate on the ground and that “Al-Dar Real Estate” is looking forward to increasing its investments. in Egypt in future.

The CEO revealed that Aldar Properties has delivered 1,000 housing units, with a collection value of approximately Dh1.6 billion, in the first quarter of quest’year, and this value is expected to reach 5 billion dirhams by the end of 2022.

Al-Dhiyabi said: “We hope to throw more than 3,000 units of knives quest’year and we aim for sales of between 7 and 8 billion dirhams quest’year, which is the highest sale since the company was founded. “

He pointed out that sales on the Egyptian market were over two billion dirhams in the first quarter of 2022.

Regarding price increase indicators, Aldar Properties Group CEO said villa prices in Abu Dhabi increased by 15-20%, while seaside villas increased by 25-30% and apartment prices Al Reem Island increased by 3-5%, while luxury beach apartments increased by 15-20% and the Emirate of Abu Dhabi achieved the highest sales percentage in its history, after the prices reached 3,000 dirhams per foot in the first quarter of 2022 on an annual basis.

The CEO explained that the investor is looking for luxury units in the main investment areas, in particularly with large government investments in Museums and major projects.

He said Aldar Properties has acquired more than 6 million square meters, which will contain more than 2,000 villas in Saidiat and will be launched in the second half of 2022.

He pointed to the increase in demand from European and Indian investors, along with Russians and Ukrainians, to invest in the UAE, noting that the investments of foreigners not resident in the UAE in the first quarter of 2022 are equivalent to total foreign investments. direct made in 2021.

Al-Dhiyabi attributed this to geopolitical reasons, with investors knowing the UAE is a safe and promising country in light of the launch of many government incentives.

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