Saadiyat Cultural District Welcomes Its Newest Addition: Natural History Museum Abu Dhabi

23 March 2022

The Department of Culture and Tourism in Abu Dhabi confirms the development of the fourth museum in Saadiyat Island, the Natural History Museum Abu Dhabi, after Louvre Museum, Zayed National Museum and Guggenheim Abu Dhabi.

The museum designed by architecture firm Mecanoo will cover more than 35,000 square metres, housing a scientific research centre, encompassing studies in zoology, paleontology, marine biology, molecular research and earth sciences when completed at the end of 2025. It aims to provide advance knowledge by increasing … Read more ›

Apollo invests $1.4 billion for a minority stake in Aldar Investment Properties

17 February 2022

New York-based global alternative investment management firm, Apollo Global Management, commits $1.4 billion in Abu Dhabi’s leading developer, Aldar Properties.

It includes a $500 million investment in land joint venture where the land acquired could later be developed or sold, and a $100 million common equity investment which will secure Apollo a minority stake in the real estate investment unit of Aldar. The said commitment will be made by Apollo managed funds and clients.

In addition, Apollo will invest $800 million in … Read more ›

Henry Wiltshire Wins TWO 1st Place Awards at Property Finder Awards 2021

25 November 2021

In its 9th year of celebrating the real estate industry’s top agents and agencies in the UAE, the Property Finder Awards was back live and in person, following its virtual awards ceremony in 2020 due to the COVID-19 restrictions.

The prestigious Property Finder Awards 2021 was held on 16th November at the Armani Hotel in Burj Khalifa, Dubai, where over 450 industry professionals gathered to honour the winners of the esteemed property awards.

We are proud to announce that Henry Wiltshire International … Read more ›

Aldar Reports 11% Increase in Third Quarter Profit; Actively Seeking Acquisitions

04 November 2021

Abu Dhabi’s leading developer, Aldar Properties, records a staggering 11% jump in its third quarter profit, with the boost coming from record developmental sales and strong economic recovery.

Following the report, Aldar announced it is “actively” seeking further acquisition opportunities in the country.

In a statement made by Aldar through the Abu Dhabi Securities Exchange where its shares are traded, the net profit attributable to the owners by the end of September rose to AED 473 million and provisions, impairments and writedowns … Read more ›

UAE Industry 4.0: A manufacturing plan to boost economy

14 October 2021

The Ministry of Industry and Advanced Technology unveiled a new programme to heighten digital capabilities of local manufacturers, with ADNOC, Honeywell, Microsoft, Edge and Siemens among ‘Champions Network’ to assist in the initiative.

The said project is intended to increase productivity and development of innovative products, boosting manufacturing by 30% and adding AED 25 billion to the UAE economy by 2031, a goal in line with the recent government project – Projects of the 50.

Sarah Al Amiri, Minister of State for … Read more ›

Guggenheim Abu Dhabi Targets Opening in 2025

30 September 2021

Nestled on the thriving cultural district of Saadiyat Island, The Guggenheim Abu Dhabi is set to finish by 2025, according to the Department of Culture and Tourism.

The contemporary and renowned museum was designed by architect Frank Gehry, who is also behind the Guggenheim Museum in Bilbao, Spain. The UAE site is said to be the latest and largest installment on the Solomon R Guggenheim Foundation’s list of international museums. DCT Abu Dhabi and Solomon R. Guggenheim Foundation have collaborated to … Read more ›