(MT Newswires) -- Talal Al Dhiyebi, CEO of Aldar Properties, has announced an exceptional year for the company, with an impressive 42% increase in sales. For the third year running, Aldar has doubled its sales from MAD 3.6 billion in 2020 to almost MAD 30 billion in 2023. This performance is underpinned by strong real estate demand in Abu Dhabi from foreign buyers looking for residences or investment opportunities.
He notes that government investment in tourism, cultural and transport infrastructure is beginning to bear fruit. He points out that property prices in Abu Dhabi have seen a healthy and sustainable increase, remaining competitive with major global cities, while offering an attractive lifestyle and a high level of security.
He points out that the company has a diversified investment portfolio with occupancy rates in excess of 95% for its shopping centres, hotels, residences and offices. And, he adds, in 2023 the company has extended its presence to Dubai and Ras Al Khaimah and has launched projects in London in partnership with Aries Management and Carlyle in real estate lending and logistics.

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