Aldar FY Profit Beats Estimates

The transcript discusses the post-COVID real estate market trends, highlighting significant acquisitions in Abu Dhabi and Dubai. It covers the Dubai holding deal, international sales trends, and market expansion plans. The outlook for Dubai property prices is analyzed, with a focus on single-family homes. Challenges in the Egyptian market, such as currency devaluation, are addressed, along with strategies for mitigating risks. Future expansion plans include investments in logistics and non-conventional sectors, supported by a strong financial position.

What was one of the major acquisitions announced towards the end of 2022?

• A beachfront island in Abu Dhabi

• A vineyard in France

• A skyscraper in New York

• A shopping mall in London

Which regions contributed significantly to the non-resident international buyers in Abu Dhabi?

• North America and South America

• Europe and parts of Asia

• Africa and Australia

• Middle East and Antarctica

What is the expected gross development value of the Dubai holding deal?

• 10 billion dirhams

• 15 billion dirhams

• 20 billion dirhams

• 25 billion dirhams

What is the expected trend for property prices in Dubai for 2023?

• Major price decrease

• Complete market collapse

• Major price increase

• Stable with single-digit increases

What is a key challenge in the Egyptian market according to the transcript?

• Currency devaluation and inflation

• Lack of interest from international buyers

• Strict government regulations

• Overabundance of real estate

What is the company's strategy for mitigating risks in the Egyptian market?

• Focusing only on luxury properties

• Selling and building faster

• Increasing prices significantly

• Reducing the number of projects

What sectors are being prioritized for expansion in 2023?

• Textiles and Fashion

• Oil and Gas

• Life sciences, data centers, and education

• Automobile and Aerospace