DUBAI: Aldar Properties Company sees uncertain global market conditions generating promising real estate openings for the Abu Dhabi property company, chief financial officer Shafqat Malik said yesterday.
"The market conditions are such that there are some attractive opportunities," Malik told the Reuters Islamic Finance Summit in Dubai.
With the exception of the US, where Aldar does not have the knowledge it thinks it needs to enter the market, the company is seeking talent as well as assets in any acquisition it makes and will not be rushing into any purchases.
Aldar, which is owned by leading Abu Dhabi institutions as well as more than 20,000 other investors there, has developed residential beach resorts and commercial estates in Abu Dhabi.
He said Aldar was actively working on two projects in Malaysia and Kazakhstan.
Tuesday, February 5, 2008
Aldar eyes property market
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