Abu Dhabi – Mubasher: Aldar Properties’ stock rose in Sunday’s early trades on the Abu Dhabi Securities Exchange (ADX) on the back of news that the company achieved record sales at one of its projects.
By 11:00 am UAE time, Aldar’s stock grew 0.6% to AED 1.55 after 6.94 million shares were traded through 136 transactions, generating AED 10.88 million in turnover.
On Saturday, Aldar Properties revealed that sales of its Alreeman project in Alshamkha had reached AED 1.6 billion, noting that demand was huge owing to the project’s attractive location.
The Alreeman project was launched earlier in January and Aldar had said it had invested around AED 2 billion in its development. Selling prices at Alreeman, which is located close to the Abu Dhabi International Airport, start from AED 690,000 for villa plots and from AED 4.69 million for commercial plots.
The mixed-use development offers residential and commercial land plots available for purchase by all nationalities, Aldar revealed in a statement released on Saturday.
In the meantime, the ADX’s general index was stable after witnessing 9.73 million shares changed hands through 361 transactions at a turnover of AED 32.07 million.
