The story
Aldar was founded on 12 January 2004. The shares were listed in 2005.
In Astana, Kazakhstan, Aldar was a partner in the develop of the Palace of Peace and Reconciliation and the Khan Shatyr Entertainment Center.
The company's credit rating was downgraded to "junk" in 2010. The company received a $5.2 billion bailout by the Abu Dhabi government in 2011. In 2012, Reuters reported on suspicious stock exchange patterns during the announcement of a state-backed merger of Aldar and Sorouh Real Estate. In 2013 the company merged with Sorouh Real Estate. The combined entity continues to operate under the Aldar name.
In December 2017, Aldar acquired the International Tower in Abu Dhabi. In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai. Aldar and Dubai Holding have partnered to develop projects in Dubai in 2023.
In 2023 Aldar Properties announced it had acquired United Kingdom property developers London Square in a deal worth £230m (AED 1.07bn). The deal was finalised in December 2023, making London Square a wholly owned subsidiary of Aldar.
Aldar Properties was ranked 30th on Forbes Middle East's Top 100 Listed Companies 2025 list.
From Wikipedia’s article on Aldar Properties, shared under CC BY-SA 4.0.4