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FINANCIAL NEWS
UAE’s Aldar Properties revenues grew 13% in H1
11 Sep 2014
(MENAFN) UAE’s Aldar Properties said that average occupancy rates within its hotel portfolio stood at 82 percent during the end of the second quarter of 2014 compared to 78 percent in 2013, Arabian Business reported.
The developer said that the company’s revenues for the first half of 2014 reached USD77.03 million, up 13.1 percent from the same period last year.
Aldar said that the improved performance reflected a “substantial increase” in leisure and corporate visitors to Abu Dhabi, particularly to Yas Island.
The company added that F&B revenues across the portfolio – 35 units in total – were up 11.4 percent in the first six months of 2014 compared to the same period last year.
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