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Aldar H1 results boost confidence in Abu Dhabi market |
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Written by Administrator
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Saturday, 29 August 2009 12:14 |
 Abu Dhabi's construction sector may have partially side-stepped the economic slowdown that has decimated neighbouring Dubai's housing market, but it has witnessed slowdown and cancellations.
Which makes Aldar's results for the first half of 2009 encouraging. The local developer, which is currently delivering a number of key anchor projects for the emirate including Al-Raha beach, Yas Island and F1 City, has announced a net profit of Dhs1.14bn. |
