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    ALDAR   AEA002001013

ALDAR PROPERTIES PJSC

(ALDAR)
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Aldar Properties AnnounceS That Noya Luma, the Third Phase of Its Highly Successful Noya Development on Yas Island, Sold Out Within Four Hours

05/30/2021 | 08:06am EDT

Aldar Properties announced that Noya Luma, the third phase of its highly successful Noya development on Yas Island, sold out within four hours. This follows the rapid sell-out of the first and second phases of the community, demonstrating the persistent demand for high-quality homes on Yas Island. In total, Noya, Noya Viva and Noya Luma have generated more than AED 2.5 billion in the past six months. Adding to the first two phases, Noya Luma brings 189 standalone villas to the Noya masterplan. Located in an investment zone, Noya Luma is open to all nationalities with buyers at the development representing a total of 24 countries. UAE nationals purchased the highest number of units (50%), followed by buyers from Lebanon, Jordan, Canada and Syria. Additionally, 73% of buyers purchased their first Aldar property, while 53% were under the age of 40 and 31% of total purchases were made by women. Construction at Noya Luma is due to begin in November 2021, with handovers expected to commence in February 2024. Noya Luma is the latest addition to Aldar's residential portfolio on Yas Island, which includes Noya, Noya Viva, Yas Acres, Water's Edge, Lea, Ansam and Mayan. Yas Island is a leading leisure and entertainment destination home to the Yas Links Golf Course, Yas Mall, Ferrari World, CLYMB, Etihad Park, Yas Beach, Yas Waterworld and Warner Bros World. The one- of-a-kind tourist destination and vibrant residential hub also comprises of numerous luxury villas, apartments, and hotels.


ę S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALDAR PROPERTIES PJSC -0.98% 4.06 End-of-day quote.28.89%
BIKE24 HOLDING AG 0.10% 20.02 Delayed Quote.0.00%
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Analyst Recommendations on ALDAR PROPERTIES PJSC
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Financials
Sales 2021 8 891 M 2 421 M 2 421 M
Net income 2021 2 200 M 599 M 599 M
Net Debt 2021 1 114 M 303 M 303 M
P/E ratio 2021 14,6x
Yield 2021 3,67%
Capitalization 31 922 M 8 691 M 8 692 M
EV / Sales 2021 3,72x
EV / Sales 2022 3,87x
Nbr of Employees 2 891
Free-Float 55,1%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 4,06 AED
Average target price 4,17 AED
Spread / Average Target 2,71%
EPS Revisions
Managers and Directors
Talal Al-Dhiyebi Chief Executive Officer
Gregory Howard Fewer Chief Financial & Sustainability Officer
Mohammed Khalifa Al-Mubarak Chairman
Mohammad H. Abedalrahman Chief Compliance Officer
David Dudley Executive Director-Investments & Partnerships