Aldar Properties has joined forces with the ADRO to enhance Golden Visa services and offerings

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The Abu Dhabi Residents Office (ADRO), which is part of Abu Dhabi Department of Economic Development (ADDED), and Aldar Properties, who is the largest listed developer in the UAE capital, have signed an important strategic agreement regarding the services and offerings of the Abu Dhabi Golden Visa.

In line with the agreement, clients of the master developer will be supported from the ADRO when applying for a Golden Visa through property investment worth over AED 2M (USD 545K) in Aldar Properties’ developments, such as Louvre Abu Dhabi Residences, Mayan and Yas Acres, just to name a few. In addition, the emirate’s Golden Visa holders will be able to benefit from a 2% discount when acquiring select real estate by Aldar Properties, alongside exclusive priority registration at specific education institutions, which are affiliated with Aldar Academies, in addition to taking advantage of the Darna loyalty programme.

His Excellency Hareb Al Mheiri, Executive Director of the Abu Dhabi Residents Office said:

This agreement aligns with the Office’s strategic goals that seek to facilitate the affairs of Abu Dhabi residents, by helping them to settle and integrate into society and developing a number of smart services and benefits that enhance their lifestyle. This partnership will also affirm our efforts to attract top talents from across the world to the Emirate, which is one of the world’s most preferable cities to live and work in.

This agreement further enhances Abu Dhabi’s attractive position as an investment hub, particularly in the real-estate sector which is a vital economic element that influences investors’ trends and plans in the mid and long term.

Jonathan Emery, Chief Executive Officer at Aldar Development, also commented on the signing of the strategic agreement:

As Abu Dhabi’s leading property developer and a key partner for economic growth, Aldar is proud to be part of an initiative that reinforces the UAE’s position as a global destination of choice for residents, investors, entrepreneurs, the business community and talent alike. Since its formation, Aldar has established a wide network of investors, entrepreneurs, and top talent, ensuring it is at the forefront of Abu Dhabi’s growth story and a valuable partner for the Golden Visa programme.

With the help of various Aldar initiatives, such as Manassah, which is a regional incubator programme for innovative retail companies, and ScaleUp, which is a global technology accelerator platform, the real estate giant also has access to some of the world’s most successful entrepreneurs. The programmes mentioned above aim to encourage business professionals to invest and launch their business in the UAE, and assist them in obtaining a Golden Visa.

According to the recently revealed figures by Gulf Business, Aldar Properties registered their ninth quarter of record-breaking sales in a row. In fact, during the first 9 months of 2022, the master developer gained a total of AED 9.3B (USD 2.5B), which is AED 2B (USD 545M) more than the entire year of 2021. At the same time, the company’s development backlog amounted to AED 14.5B (USD 3.9B) by the end of September, with the revenue backlog standing at a thumping AED 9.06B (USD 2.4B), which is a 55% increase y-o-y.

The thriving sales numbers are attributed to an array of high-visibility launches Aldar Properties has witnessed on Yas Island and Saadiyat Island. In addition, the master developer acquired built-up assets in Abu Dhabi and Ras Al Khaimah and has partnered with ADQ to buy SODIC in Egypt.

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