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Developers keep capital’s gas network plan alight
Property companies are pressing ahead with the development of gas networks in outlying parts of Abu Dhabi even though the Government has yet to give the green light to a comprehensive plan for the rest of the city. It is four years since the local gas distribution company Q Energy completed a critical preliminary stage of the project known as a “front-end engineering and design study”.
A&O, BLP, DLA make Aldar’s first panel
Aldar, the major Abu Dhabi-based developer of projects, including the Ferrari World Abu Dhabi theme park, has finalised its first panel.
Aldar signs on first House of Fraser store in Mena region to Central Market
Aldar Properties and Retail Arabia International have signed a 10 year lease agreement that will see the development of the region’s first House of Fraser store at Central Market in Abu Dhabi. House of Fraser will be the anchor store for Emporium.
Aldar to deliver last phase of Dh5b Central Market project in 2012
Abu Dhabip: Aldar Properties plans to deliver its Central Market project in the capital, a high-end and fully integrated mixed-use redevelopment, in phases, the last phase being slated for completion in the fourth quarter of 2012, a senior company executive said Monday.
Deutsche Bank cuts Aldar Properties price target
Deutsche Bank lowered its price target on Aldar Properties’ stock to AED5 dirhams from AED7.10, citing increased uncertainties on Yas Island receivables and the nature of future government support for the developer.
