Aldar hails decision

ABU DHABI — Aldar Properties has welcomed the new Abu Dhabi Executive Council decision, announced yesterday, which specifies initial real estate investment areas where expatriates can invest within the Emirate.

By A Staff Reporter

Published: Wed 31 Aug 2005, 10:35 AM

Last updated: Thu 2 Apr 2015, 2:48 PM

One principal investment area is Aldar’s substantial Al Raha Beach Development — the iconic new shoreline city that will become the future gateway to Abu Dhabi, with over 120,000 inhabitants.

Aldar Chairman Ahmed Ali Al Sayegh said: "Decision No. 23, issued by Shaikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Executive Council, will enable us to sell select local real estate to international as well as national investors.

"The decision in favour of our Al Raha Beach Development enables us to swiftly gear up for international sales interest. I believe that it is only the first of many real estate ownership opportunities that Aldar will offer to worldwide property buyers in the future."

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