Profit of Abu Dhabi's largest developer jumps 152已有 5 次阅读 2012-08-08 13:37 标签: manolo blahnik store
DUBAI,list building - article marketing per costruire la, April 28 () -- The sheikhdom of Abu Dhabi's largest developer Aldar Properties said Saturday it achieved a net profit of 478.2 million Dirham (130.40 million U.S. dollars) in the first quarter of 2012, compared to 189.1 million Dirham (51.56 million U.S. dollars) in the same period of last year.Aldar, which started merger talks with its local rival Sorouh Real Estate in mid-March,Ray Ban 3043, said in a statement that in the first quarter property sales rose more than three-fold to 3.59 billion Dirham (979 million U.S. dollars),New Arrival UGG, up from 784.7 million Dirham ( 213.98 million U.S. dollars).Aldar is known for a number of landmarks it has developed in Abu Dhabi, among them the Formula-1 Grand Prix Circuit on Yas Island, the Ferrari World theme and leisure park and the shopping center Abu Dhabi Central Market.The positive first quarter results would have not been possible without the help of the oil-rich sheikhdom of Abu Dhabi,Suspected shoddy gasoline angers consumers, which is also the capital of the United Arab Emirates (UAE). In 2011,UGG Tassel Short 5835,Syrian media accused Friends of Syria meeting of a, the emirate's government bailed out Aldar two times by buying assets, including the Ferrari theme park, and by providing loan assistance.Aldar received so far some 36 billion Dirham or 9.81 billion U. S. dollars from the Abu Dhabi government under the ruling family of Al-Nahyan.Aldar Properties are listed at the Abu Dhabi bourse ADX. Shortly after Aldar and Abu Dhabi's second developer Sorouh Real Estate announced on March 11 their intention to merge, Aldar shares rose over 30 percent to hit a 2012-high or then 10-month high at 1.40 Dirham (0.38 U.S. dollar) on March 14. Since then, Aldar shares fell back to 1.13 Dirham (0.31 U.S. dollar) on global economic concerns which prevail until now, mainly due to the Euro zone debt crisis.On March 29, Citigroup's Middle East Chief Economist Farouk Soussa commented on the merger plans in his then-published Middle East Macro Monthly: "The possibility of consolidation in the real estate industry is,Women's UGG Coquette, in our view, positive given the downturn the property sector has experienced since 2008, and the ongoing risk of oversupply in the Abu Dhabi market."If the merger between Aldar and Sorouh materializes,www.glassesstockists.com, it would create a developer with assets worth 13.61 billion Dirham or 3.71 billion U.S. dollars.