Aldar Properties PJSC — Capital/Financing Update 2017

Mar 20, 2017

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ALDAR PROPERTIES TO INVEST AED 1.9 BILLION IN RECURRING REVENUE ASSETS ON YAS AND REEM ISLANDS

 Completes AED3 billion investment programme with four new projects

 Abu Dhabi’s strong fundamentals provide healthy environment for investment

ABU DHABI, 20 MARCH 2017 : Aldar Properties PJSC (“the Company”), Abu Dhabi's leading listed property development, investment and management company, today announced further details of its current investment programme. This programme will expand Aldar’s asset management portfolio, driving growth of recurring revenue.

The investments announced today comprise mid-market residential, hospitality & leisure, and retail assets on Yas Island and Reem Island. They amount to a total of AED 1.9 billion and follow the AED 1.1 billion already invested in the Daman House acquisition, Al Jimi Mall extension, Al Mamoura school and Repton school.

All projects announced are scheduled to start construction this year and complete during 2019 and 2020.

Details of investment programme:

1. 600 mid-market residential units, Reem Island

As recently stated, Aldar will look to capitalize on the untapped potential for high quality mid-market residential property in the heart of Abu Dhabi. Aldar will develop approximately 600 units for inclusion in its residential portfolio on Reem Island.

2. Shams Marina, Reem Island

Shams Marina, a mixed-use development, will comprise 329 marina residences, 192 serviced apartments, 262 key 4 Star Hotel, including a club house and private beach.

3. Yas Mall Hotel, Yas Island

The 4 Star Yas Mall hotel, attached to the mall, aimed at the family segment of the market. The hotel will have 349 keys, of which 70 will be serviced apartments.

4. Retail park, Yas Island

An extension to Yas Island retail portfolio which already includes Yas Mall, IKEA and Ace Hardware and comprising a leasable area of 27,000 square metres, is to be dedicated to the consumer segment of the automotive market. It will contain new car dealerships and F&B outlets.

Commenting on the investment, H.E. Mohamed Khalifa Al Mubarak, CEO of Aldar Properties, said : “The investments we are making meet our twin objectives of providing the market with the right products at the right time, whilst increasing our ability to grow long term recurring revenues. We believe that the underlying fundamentals of Abu Dhabi’s economy provide a strong and supportive investment climate, thereby providing us with a solid platform for continued growth.”

-ENDS-

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For further information, please contact:

Investors: Media: Chris Wilson Nick Farmer / Obaid Al Tim Falconer / Rima Ali Aldar Properties Yammahi Bell Pottinger +971 2 810 5624 Aldar Properties +971 55 559 7398 +971 2 810 5555

About Aldar

Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.

Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.

Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.

Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.

Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.

www.aldar.com