Abu Dhabi-based developer, Aldar Properties, have commenced handovers at Nareel Island, one of the most exclusive islands on the coast in Al Bateen.

Developer Aldar Properties announced it has sold two plots of land in its master-planned Alghadeer for community services.

Aldar Properties signed an escrow agreement with FAB to enable to provide services for buyers of its newly launched master planned development, Alghadeer.

Abu Dhabi developer, Aldar Properties, launched a new AED10bn masterplan that will incorporate one of its already established destinations – Alghadeer.

Abu Dhabi-based Aldar Properties announced its Foreign Ownership Limit has been increased to 49%, from 40%, and will be implemented for trading.

Aldar Properties, reported a 3.8% drop in its net profits for the first six months of 2017, to AED1.26bn from AED1.31bn in the same period last year.