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Abu Dhabi Builder Plans $6.8 Billion Luxury Housing Project [BNN Bloomberg (Canada)]

Ares Management Corporation Class A (ARES)  More Company Research Source: BNN Bloomberg
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Aldar Properties PJSC expects to kick off sales of about 7,000 luxury homes on Al Fahid Island in the second half of the year. The development will include schools, hotels, retail and entertainment facilities, and will cost about 25 billion dirhams ($6.8 billion), Aldar Chief Financial and Sustainability Officer Faisal Falaknaz said. “We continue to see positive sentiment in the UAE real estate market and are confident in our ability to sustain the current development performance levels,” Falaknaz said. Aldar, which aims to build the project within 5 to 7 years, had acquired 3.4 million square meters of land on the island for 2.5 billion dirhams last year. Abu Dhabi is emerging as the new wealth haven in the region with some of the richest people setting up firms there. From the richest man in crypto Changpeng “CZ” Zhao to hedge fund billionaire Ray Dalio, scores have moved into the city adding to demand for luxury homes. The city has also benefited from a rebound in Dubai, whe [Read more]
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Stockreport

Abu Dhabi Builder Plans $6.8 Billion Luxury Housing Project [BNN Bloomberg (Canada)]

Ares Management Corporation Class A  (ARES) 
More Company Research Source: BNN Bloomberg
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Aldar Properties PJSC expects to kick off sales of about 7,000 luxury homes on Al Fahid Island in the second half of the year. The development will include schools, hotels, retail and entertainment facilities, and will cost about 25 billion dirhams ($6.8 billion), Aldar Chief Financial and Sustainability Officer Faisal Falaknaz said. “We continue to see positive sentiment in the UAE real estate market and are confident in our ability to sustain the current development performance levels,” Falaknaz said. Aldar, which aims to build the project within 5 to 7 years, had acquired 3.4 million square meters of land on the island for 2.5 billion dirhams last year. Abu Dhabi is emerging as the new wealth haven in the region with some of the richest people setting up firms there. From the richest man in crypto Changpeng “CZ” Zhao to hedge fund billionaire Ray Dalio, scores have moved into the city adding to demand for luxury homes. The city has also benefited from a rebound in Dubai, whe [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ARES
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Price Change %
Volume Shares
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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Low:
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%
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%
PRICE CHANGE
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%
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%
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TICKS
AVG SHARES PER TRADE
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Event Day Chart will not be displayed beyond 90-day period of the event
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