UAE’s Aldar Launches Luxury Mandarin Oriental Homes in Abu Dhabi
Aldar, a real estate developer in the UAE, has introduced Abu Dhabi’s first Mandarin Oriental Residences. This is a high-end private housing community in the Saadiyat Cultural District.
Mandarin Oriental Residences
- This luxury housing complex in Abu Dhabi will include 226 fully furnished homes designed by the famous Bjarke Ingels Group (BIG).
- Managed by the Mandarin Oriental Hotel Group from Hong Kong, the residences will go on sale starting November 21, 2024.
- The complex will be located in a prime area, offering views of the Zayed National Museum and its fountains, and is close to Mamsha Beach, providing various cultural attractions.
- Residents will enjoy top wellness amenities such as a spa, gym, and beauty bar.
- They’ll also have access to the Mandarin Oriental Cake Shop and can enjoy facilities like a game room, theater, and library for entertainment.
Important statement
“The Mandarin Oriental Residences in Saadiyat Cultural District, Abu Dhabi, offer top-quality luxury living with easy access to the city’s most famous cultural landmarks,” said Aldar Development CEO Jonathan Emery.
“This is a unique opportunity for our local and international customers who want a prestigious home near Abu Dhabi’s cultural center,” he added.
Financial Performance
Aldar Properties saw its net profit rise by 41% compared to last year, reaching $353.9 million (AED 1.3 billion) in the third quarter of 2024, thanks to strong revenue growth.
From July to September, the company’s revenue increased by 61% to $1.5 billion (AED 5.6 billion). Its earnings before interest, taxes, depreciation, and amortization (EBITDA) also grew by 41%, reaching $408.4 million (AED 1.5 billion), as reported in October.
Published: 15th November 2024
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