Aldar rises 6.5 per cent, Emaar Properties gains 1.2 per cent at market open

21/03/2018 11:33 AST

The shares of Aldar and Emaar Properties, two of the the UAE's biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier.

Aldar shares rose 6.5 per cent on Abu Dhabi Securities Exchange and Emaar, the developer behind the world's tallest tower, Burj Khalifa, gained 1.2 per cent on Dubai Financial Market within the first half hour of trading on bets that the joint venture deal will boost their businesses.

The venture will initially start with lifestyle developments on Saadiyat Grove in the cultural district of Abu Dhabi's Saadiyat Island and Emaar Beachfront, Dubai media office said in a statement yesterday.


The National

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Emaar set to reveal ultra-luxury Dubai Mansions

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Emaar, the name behind some of the world's most iconic destinations, is preparing to unveil its most exclusive residential address to date: Dubai Mansions, a new ultra-luxury community designed for a

Trade Arabia

Ticker Price Volume
EMAAR Sector Market
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Ticker Price Change
ALDAR 9.48 -0.01 (-0.11%)
EMAARDEV 15.10 0.40 (2.72%)
ERES 1.13 -0.01 (-0.88%)
MABANEE 1,001.00 1.00 (0.10%)
TECOM 3.27 0.00 (0.00%)
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The Peninsula