Al Dar

Aldar was founded on 12 January 2004.[7] The shares were listed in 2005. In Astana, Kazakhstan, Aldar was a partner in the develop of the Palace of Peace and Reconciliation and the Khan Shatyr Entertainment Center.[8]: 20  The company's credit rating was downgraded to "junk" in 2010.[9] The company received a $5.2 billion bailout by the Abu Dhabi government in 2011.[10][11] In 2012, Reuters reported on suspicious stock exchange patterns during the announcement of a state-backed merger of Aldar and Sorouh Real Estate.[12] In 2013 the company merged with Sorouh Real Estate.[13] The combined entity continues to operate under the Aldar name. In December 2017, Aldar acquired the International Tower in Abu Dhabi.[14] In March 2018, Aldar announced a ″strategic partnership″ with Emaar, a leading developer from Dubai.[15] Aldar and Dubai Holding have partnered to develop projects in Dubai in 2023.[16] In 2023 Aldar Properties announced it had acquired United Kingdom property developers London Square in a deal worth £230m (AED 1.07bn).[17] The deal was finalised in December 2023, making London Square a wholly owned subsidiary of Aldar. Aldar Properties was ranked 30th on Forbes Middle East's Top 100 Listed Companies 2025 li