Aldar Properties traded at 7.48 this Monday March 23rd, decreasing 0.39 or 4.96 percent since the previous trading session. Looking back, over the last four weeks, Aldar Properties lost 33.57 percent. Over the last 12 months, its price fell by 13.82 percent. Looking ahead, we forecast Aldar Properties to be priced at 7.75 by the end of this quarter and at 7.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Aldar Properties PJSC is a United Arab Emirates-based real estate development and investment company that undertakes and operates a portfolio of real estate projects in the United Arab Emirates. The Company is engaged, along with its subsidiaries, in the development, sale, investment, construction, management and associated services for real estate. In addition, the Company is also engaged in the development, management and operation of hotels, schools, marinas, golf courses and theme parks. The Company’s subsidiaries include Al Raha Gardens Property LLC, Al Jimi Mall LLC, Addar Real Estate Services LLC, Al Raha Infrastructure Company LLC and Aldar Academies LLC, among others. During the fiscal year ended on December 31, 2012, the Company acquired additional 50% share in Nareel Island Development Company LLC (Nareel). On June 27, 2013, effective at the close of trading, the Company merged with Sorouh Real Estate Co PJSC.