Aldar Properties' Q1 2024 Net Profit Surges 88%

03 May 2024 CW Team

Aldar Properties, based in Abu Dhabi, has announced a remarkable 88% increase in its net profit for the first quarter of 2024. This substantial financial growth underscores the company's resilience and strategic initiatives in navigating the real estate market amidst challenging economic conditions.

The surge in net profit reported by Aldar Properties reflects its effective business strategies, including prudent financial management and a focus on delivering value to stakeholders. Despite market uncertainties, the company has demonstrated its ability to generate substantial returns and maintain investor confidence.

Aldar Properties' strong financial performance in Q1 2024 is a testament to its commitment to driving sustainable growth and maximising shareholder value. The company's diversified portfolio of real estate assets, including residential, commercial, and hospitality properties, has contributed to its robust performance in a competitive market landscape.

The significant increase in net profit underscores Aldar Properties' position as a leading player in Abu Dhabi's real estate sector. With a track record of delivering quality projects and a focus on innovation and customer satisfaction, the company continues to attract investors seeking exposure to the region's dynamic real estate market.

Overall, Aldar Properties' impressive financial results for Q1 2024 demonstrate its resilience and strategic foresight amidst market challenges. As the company continues to pursue growth opportunities and enhance operational efficiency, it remains well-positioned for sustained success in the evolving real estate landscape of Abu Dhabi.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..