DOCSLIB.ORG

ALDAR PROPERTIES (ALDAR): Slew of Driving Forces Coming Into Play

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ALDAR PROPERTIES (ALDAR): Slew of Driving Forces Coming Into Play Wednesday, May 9, 2018 EQUITY RESEARCH THE NEWS CRUNCHER Research and Advisory ALDAR PROPERTIES (ALDAR): Slew of Driving Forces Coming Into Play Key Price and Enterprise Multiples However, S&P stated that the negative outlook is due to their Shares Outstanding (mn) 7,862.63 concerns that monetizing the deal and developing the new land Forward PE Ratio (x) 6.22 plot will prompt Aldar to increase its debt level, and they may Price to Book Ratio (x) 0.71 take more than two years to start generating income. Dividend Yield (%) 2017 5.80 In the words of the rating agency, unless Aldar managed to EV/EBITDA (x) 2018 7.21 grow its EBITDA to compensate for the higher level of debt, EV/Sales (x) 2018 2.73 S&P expects Aldar's credit ratios will weaken, such that debt to Market data courtesy: Bloomberg EBITDA may exceed 2x and funds from operations (FFO) to debt may dip below 45% over the next 12-18 months which is the Aldar has been recently under the lens of many expected timeframe to handover the new developments or to investors with a punch of news and updates that start generate income for the company. Currently, these ratios drive the prospects, performance and price of the were 1.1x and 84.3%, respectively, as 31 December 2017. share. In the following passages, we present the Aldar is cognizant of these concerns and has formulated corporate strategies to address these concerns. The Company most high-profile driving forces coming into play. has put forward a new corporate structure that would see the Development and Asset Management businesses operate Record Acquisition of Prime Assets Worth AED3.7bn independently. Consequently, this might encourage a more benign outlook on Aldar, going forward. Earlier this week, Aldar announced it has acquired a portfolio of assets from Tourism Development & Investment Company (TDIC) for AED3.7bn in what is considered to be one of the Potential Inflows as MSCI EM UAE Weight Adjusts largest real estate acquisitions in the history of the UAE. The Aldar has increased its foreign ownership limit from 40% to acquired assets consist of: 49%. The MSCI EM Semi-Annual Index Review, which will take 14 operating assets worth AED1.7bn of retail units, residential place on 14 May 2018, could likely see an upgrade to Aldar’s units, hotel rooms as well as adjacent assets such as district weight in the index, from its last published weight of ca. 5.5%. cooling facilities, a school and accommodation facilities. The increase in the ownership limit to 49% will increase the FIF Those acquired operating assets will drive the near-term NOI (Foreign Inclusion Factors) as well as the FO (Foreign Room). growth with their initial yield of ca. 7.5% (with potential With these adjustments, the Company’s Free Float Foreign upside) by generating AED120mn annualized NOI. Market Cap will adjust northwards, accordingly. The potential for an upside in index weighting could mean for A portfolio of projects under development which includes 461 Aldar, some AED100mn to AED120mn passive inflows on the last beachfront apartments in Mamsha project and 83 villas in Jawaher project. Both are located on Al Saadiyat Island and day of May 2018. have a GDV of AED2.5bn. These are seen to drive growth in development revenues and profits. Aldar’s Other Catalysts 1.1mn sqm infrastructure enabled GFA in Saadiyat Island Aldar updated its dividend policy to include 20-40% which will be complimentary to the Company’s existing 6mn distribution from development businesses’ realized profits sqm approved GFA on the core destinations of: Yas Island, Al upon handover. Note that Aldar is now moving into Reem Island and Al Raha Beach. handover mode—with three handovers slated in 2018. Aldar’s entry into Al Saadiyat Island shall enhance the Aldar is undergoing legal and corporate formalization to government’s commitment to make Al Saadiyat Island one of pave the way for a potential spin-off. the most sought after destinations in the world. As well as Aldar’s JV with Emaar will effectively extend its benefiting Aldar to reinforce its leadership in prime geographic reach outside the Capital. destinations. This major buy will be financed through AED2.2bn cash and AED1.5bn out of the newly arranged AED5bn committed An Invitation to our Clients undrawn credit facilities obtained this month. We are very pleased to host Aldar’s Management, led by Group CEO, Thalal Al-Dhiyabi, CFO Greg Fewer and the Investor Relations team for a direct-to-client engagement. S&P Keeps Investment Grade Rating, Revises Outlook to Negative The Aldar Management Team shall be presenting the latest developments as well as the 1Q18 Performance on 16 May Right after the acquisition, S&P has revised its outlook for the 2018, from 11AM to 12NN, at the Al Ramz Capital Head company to negative from stable while affirming their “BBB/A- Quarters, Sky Tower, Reem Island, Abu Dhabi. 2” rating on Aldar Properties. S&P emphasized the high quality of the acquired assets, Kindly contact your Al Ramz broker to book for your slots. Aldar’s ability to benefit from a high share of recurring income Alternatively, you may get in touch with us—contact details are in total revenues, the prudent funding policy and being backed in the next page. by the government. Research and Advisory 22F Sky Tower | Al Reem Island | Abu Dhabi | United Arab Emirates Phone: +971 2 6262626 Fax: +971 2 6262444 E-mail: [email protected] Website: www.alramz.ae Important Notice and Disclaimer The information provided in this report has been prepared without taking account of your objectives, financial situation or needs. You should, therefore before acting on the advice, consider the appropriateness of the advice having regards to these matters and, if appropriate, seek professional financial and investment advice. All observations, conclusions and opinions expressed in this report reflect the personal views of the Al Ramz Capital analyst and are subject to change without notice. The information in this report has been obtained from sources Al Ramz Capital believes to be reliable. However, Al Ramz Capital does not warrant the accuracy, completeness or currency of, and will not be liable for any inaccuracies, omissions or errors in, or for any loss or damage (including any consequential loss) arising from reliance on the information in this report. Al Ramz Capital does not guarantee the performance of any investment discussed or recommended in this report. Any information in this report relating to the distribution history or performance history of any investment, should not be taken as indication of the future performance of the relevant investment. In this report, Al Ramz Capital may express an expectation or belief as to future events , results or returns generally or in respect of particular investments. Al Ramz Capital makes such statement in good faith and believes them to be have a reasonable basis. However, such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from such forward-looking statements. No guarantee of future returns is given or implied by Al Ramz Capital. .
Load more

Recommended publications
  • List of References by Mbm
    LIST OF REFERENCES BY MBM RAISED FLOOR RAISED FLOOR- REFERENCES PROJECT NAME CLIENT CONTRACTOR MANUFACTURER YEAR ABU DHABI WATER & ELECTRICITY AL AIN GAS TURBINE HOUSE TARGET ENGG. CONST. CO. UNIFLAIR 1993 DEPT ABU DHABI WATER & ELECTRICITY ABU DHABI GAS TURBINE HOUSE TARGET ENGG. CONST. CO. UNIFLAIR 1993 DEPT MUSSAFAH OFFSHORE ADDCAP COSTAIN ENGG. & CONST. UNIFLAIR 1994 LNG PLANT, DAS ISLAND ADGAS C.C.I.C. UNIFLAIR 1994 RENOVATION OF VILLA IN ABU DHABI PRIVATE POLENSKY & ZOELLINER UNIFLAIR 1994 BLDG. FOR MR. HATHBOUR AL RUMAITHI D.S.S.C.B. RANYA CONTG. CO. UNIFLAIR 1994 MIRFA GAS PIPELINE ADCO DODSAL PRIVATE LTD. UNIFLAIR 1995 ABU DHABI INT'L AIRPORT ABU DHABI DUTY FREE DECO EMIRATES UNIFLAIR 1995 ABU DHABI INT'L AIRPORT, EXT. TO TRANSIT ABU DHABI DUTY FREE DECO EMIRATES UNIFLAIR 1995 HOTEL GA MUBARRAZ ISLAND ADNOC TARGET ENGG. CONST. UNIFLAIR 1995 RAS AL KHAIMAH CEMENT FACTORY RAS AL KHAIMAH CEMENT COSTAIN ENGG. & CONST. UNIFLAIR 1995 RENOVATION OF COMPLEX IN ABU DHABI MINISTRY OF INTERIOR AL MANSOURI 3 B UNIFLAIR 1995 31 December 2020 2 RAISED FLOOR- REFERENCES PROJECT NAME CLIENT CONTRACTOR MANUFACTURER YEAR W.E.D. GAS TURBINE PACKAGE AT AUH & AL AIN MARUBENI CORPORATION U.T.S. KENT UNIFLAIR 1995 ETISALAT TELECOM. BLDG. AT BARAHA, DUBAI ETISALAT UNITY CONTG. CO. UNIFLAIR 1995 ETISALAT TELECOM. BLDG.AT SHJ. IND. AREA ETISALAT UNITY CONTG. CO. UNIFLAIR 1995 NATIONAL BANK OF ABU DHABI NATIONAL BANK OF ABU DHABI A.C.C. UNIFLAIR 1995 ETISALAT TELECOM. & ADMIN. BLDG. , FUJAIRAH ETISALAT COSTAIN ABU DHABI CO. UNIFLAIR 1995 ETISALAT TELECOM. & ADMIN .BLDG., RAK ETISALAT COSTAIN ABU DHABI CO.
    [Show full text]
  • Technological Advances and Trends in Modern High-Rise Buildings
    buildings Article Technological Advances and Trends in Modern High-Rise Buildings Jerzy Szolomicki 1,* and Hanna Golasz-Szolomicka 2 1 Faculty of Civil Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland 2 Faculty of Architecture, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland * Correspondence: [email protected]; Tel.: +48-505-995-008 Received: 29 July 2019; Accepted: 22 August 2019; Published: 26 August 2019 Abstract: The purpose of this paper is to provide structural and architectural technological solutions applied in the construction of high-rise buildings, and present the possibilities of technological evolution in this field. Tall buildings always have relied on technological innovations in engineering and scientific progress. New technological developments have been continuously taking place in the world. It is closely linked to the search for efficient construction materials that enable buildings to be constructed higher, faster and safer. This paper presents a survey of the main technological advancements on the example of selected tall buildings erected in the last decade, with an emphasis on geometrical form, the structural system, sophisticated damping systems, sustainability, etc. The famous architectural studios (e.g., for Skidmore, Owings and Merill, Nikhen Sekkei, RMJM, Atkins and WOHA) that specialize, among others, in the designing of skyscrapers have played a major role in the development of technological ideas and architectural forms for such extraordinary engineering structures. Among their completed projects, there are examples of high-rise buildings that set a precedent for future development. Keywords: high-rise buildings; development; geometrical forms; structural system; advanced materials; damping systems; sustainability 1.
    [Show full text]
  • Case Study: Gate Towers, Abu Dhabi
    ctbuh.org/papers Title: Case Study: Gate Towers, Abu Dhabi Authors: Gurjit Singh, Chief Development Officer, Aldar Properties Hossam Eldin Elsouefi, Senior Project Manager, Aldar Properties Peter Brannan, Managing Director, Arquitectonica Subjects: Architectural/Design Building Case Study Keywords: Construction Design Process Façade Skybridges Publication Date: 2013 Original Publication: CTBUH Journal, 2013 Issue IV Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Gurjit Singh; Hossam Eldin Elsouefi; Peter Brannan About the Council The Council on Tall Buildings and Urban Habitat, based at the Illinois Institute of CTBUH Journal Technology in Chicago, is an international International Journal on Tall Buildings and Urban Habitat not-for-profi t organization supported by architecture, engineering, planning, development, and construction professionals. Founded in 1969, the Council’s mission is to disseminate multi-disciplinary information on Tall buildings: design, construction, and operation | 2013 Issue IV tall buildings and sustainable urban environments, to maximize the international interaction of professionals involved in creating Case Study: Gate Towers, Abu Dhabi the built environment, and to make the latest knowledge available to professionals in a useful Designing Tall to Promote Physical Activity in China form. The Monadnock Building, Technically Reconsidered The CTBUH disseminates
    [Show full text]
  • Rajesh Kannan
    RAJESH KANNAN Address: No: 911, Al Bustan Building, Masfouth Street, Ajman, UAE. Mob:+ 971-0507305273 E-Mail: [email protected] ---------------------------------------------------------------------------------------------------- Career Objective: To attain growth oriented, challenging and rewarding career in a highly professional company, where I can apply and develop my acquired knowledge and skills for continuous career development. Work Experience : Total 21+ Years of hands on experience in Blasting and Painting, production, Inspection, Quality Assurance & Quality control in India, Malayisa & U.A.E. Experience (At India) : 5.6 years, Experience (At Gulf) : 13 years, (At Malaysia):3 years Educational Qualifications : Diploma in Mechanical Engineering: Technical Education, Tamilnadu, India. IT Skills Technical : Auto CAD, Well versed in Ms office (Word,Excel,Powerpoint) DPCS - Data preparation computer software Govt Industrial Training Institute, Tamil Nadu, India Current Position : Painting Engineer in Eversendai Engineering FZE , Sharjah, U.A.E, from : 19-10-2006 to till date. Present Job Responsibilities : Planning and organizing of production schedules as per Project Requirements. Review of Blasting/Painting Procedure as per applicable Codes and Standards to meet Project Specification. Providing necessary training to blasters, painters & staffs to meet the required level of standard as per project specifications. Qualifying the blasters/painters by conducting the test as per the standard practices. Ensuring that health and safety regulations are met Monitoring the QA/QC System as per the established Quality System at Paint shop and report the discrepancies if any. Identify and report the project non-conformities and initiate necessary corrective actions in co-ordination with Project QA/QC Engineers. Developing the team sprit to achieve more productivity through HSE & Quality aspects.
    [Show full text]
  • Annual Report 2014 Annual Report لعام السنـوي الـتـقريـر أغذية الـتـقريـر السنـوي لعام
    Report Annual Agthia 2014 أغذية الـتـقريـر السنـوي لعام 2014 Annual Report2014 Contents 1 Who We Are 10 Chairman’s Message 22 Corporate Social Responsibility 2 About Us 12 Board of Directors 24 Corporate Governance 3 Core Values 14 CEO’s Message 34 Directors’ Report 4 Financial Highlights 16 Executive Committee 37 Consolidated Financial Statements 6 At a Glance 18 Operational Review 8 Our International Operations Agri Business 9 Our Journey Consumer Business Bankers Corporate Office Address HSBC Middle East P.O. Box 37725 BNP Paribas 17th Floor, Sky Tower J.P. Morgan Al Reem Island Abu Dhabi External Auditors United Arab Emirates KPMG Phone: +971 2 596 0600 Legal Advisor Website: www.agthia.com Al Tamimi & Co Designed and produced by Origin Communications Group Who We Are We are a leading Abu Dhabi-based food and beverage company. Established in the UAE in 2004, and listed on the Abu Dhabi Securities Exchange (ADX) in 2005, the Agthia Group consists of a world-class portfolio of integrated businesses and brands. We provide high-quality, trusted, and essential food and beverage products for customers and consumers across the UAE, GCC, Turkey, and the wider Middle East. 1 About Us Vision To be the UAE’s most valued food and beverage company. Mission Our mission every day is to consistently provide the best quality, nutritious, and responsibly produced food and beverage products of choice, essential at every life stage, for everyone leading progressive, energetic, and healthy lifestyles, here at home, across the Middle East, and beyond. For Wholehearted Living We’re determined to meet the highest food and drink quality standards, in a Everything we do at Agthia is wholehearted.
    [Show full text]
  • Abu Dhabi Report H22012
    Abu Dhabi Report H2 2012 “2012 was a pivotal year for the Abu Dhabi real estate market with the delivery of significant new developments which have raised the quality of living and working standards in the capital. The residential sub-sectors are now becoming more clearly defined by qualitative factors with tenants seeking value for money. In 2013 we expect to see a widening segregation in rental rates between the popular new developments, which, with occupancy levels rising, will be able to sustain rental levels and in some cases achieve growth, and the less popular older stock, that will continue to see rents come under downward pressure as landlords compete to maintain occupancy.“ Paul Maisfield, Associate Director & General Manager Abu Dhabi, Asteco Property Management Abu Dhabi Supply Estimates 2012 New Supply 2013 Scheduled New Supply Average Apartment Rental Rates (AED’000/pa) Apartments (in units) 9,000 12,000 Studio 1 BR 2 BR 3 BR Villas (in units) 6,000 5,000 From To From To From To From To Offices (in m2) 312,000 290,000 Marasy -- 87 110 135 170 185 237 Marina Square 55 65 75 85 110 130 140 180 Nation Towers - - 95 100 145 170 165 300 Reef Downtown - - 55 65 70 75 85 95 Residential Market Overview Rihan Heights -- 95 122 130 150 155 190 We estimate that approximately 15,000 new homes have been delivered to the Abu Dhabi market Saadiyat Beach Apartments -- 81 128 130 163 165 206 over the course of 2012, with a further 17,000 scheduled for completion in 2013.
    [Show full text]
  • Structural Health Monitoring of Unique Structures in Abu Dhabi Emirate
    STRUCTURAL HEALTH MONITORING OF UNIQUE STRUCTURES IN ABU DHABI EMIRATE Derek Skolnik1, Mauricio Ciudad-Real2, Mathias Franke3 Yavuz Kaya4and Erdal Safak5 ABSTRACT The term "Structural Health Monitoring (SHM)" refers to the real-time monitoring and alerting of structures state-of-health. The primary objective of SHM is to improve safety and reliability of civil infrastructure by detecting damage before it reaches a critical state and to enable rapid post-event (e.g., earthquake) assessment. In addition, the data from afforded SHM systems are used to validate design assumptions and codes, to predict response for large excitations, to calibrate analytical models, and to develop instantaneous damage and loss maps. As part of the Emirate of Abu Dhabi Seismic Hazard and Risk Assessment (ADSHRA) project, several unique and prestigious structures in Abu Dhabi were installed with state-of-the-art SHM systems. Typical systems are composed of up to 30 accelerometers within the building, a wind velocity/direction sensor at the roof, and a three-component downhole accelerometer near the building footprint. Data from these systems are all time-synchronized and recorded continuously at 200sps in real-time. A real-time data processing and analysis software package is developed to observe and display the dynamic characteristics (e.g., modal frequencies, damping ratios, and mode shapes) and responses (e.g., accelerations, velocities, displacements, and inter-story drifts) of the structures and their time variations. Since most of the SHM data are due to ambient forces (i.e., low amplitude vibrations with very low signal-to-noise ratios), advanced signal processing and system identification techniques, based on statistical signal processing and stochastic filtering theories, are used for data processing and analysis.
    [Show full text]
  • Worldcare Members' Handbook
    Administered by: Insured by: MEL 6309 - Swire Pacific Offshore Holdings Limited - Expat Advance WorldCare Members’ Handbook companies Insured by Royal & Sun Alliance Insurance Middle East B.S.C. (c) This summary document is only a guide prepared using extracts from your Members Handbook. Please refer to your Member Handbook for full details of the terms, conditions and exclusion of your plan. Everything you need to know about your international health insurance Effective 1 January 2019 Now Health International Members’ Handbook | 03 Introduction Welcome to Your WorldCare Group Plan. Your company or employer has chosen Us to administer Your international health insurance Group Plan. We have designed WorldCare based on Our understanding of what people who buy international health insurance want and need. At the heart of this is Our commitment to provide clear information about how Your Group Plan works and how to use it. Please read this handbook carefully. How to use this handbook This handbook is an important document. It sets out Your rights and Our obligations to You. Along with the Benefit Schedule in section 4, it explains Your WorldCare Group Plan and the terms of Your cover. Inside You will find details of: • The cover You have (both Benefits and exclusions) • Your rights and responsibilities • How to make a claim • How Your Group Plan is administered • How to make a complaint • Other services available to You under Your Group Plan Throughout the handbook certain words and phrases appear in bold type. This indicates that they have a special medical or legal meaning – these are defined in section 1.
    [Show full text]
  • ISO 45001:2018 Scope of Certification
    INTERNATIONAL GAS SERVICES LLC FLOOR.NO.10, SKY TOWER, AL REEM ISLAND, PO. BOX 3376, ABU DHABI, UNITED ARAB EMIRATES This is a multi-site certificate, additional site(s) are listed on the next page(s) Bureau Veritas Certification Holding SAS – UK Branch certifies that the Management System of the above organisation has been audited and found to be in accordance with the requirements of the management system standards detailed below ISO 45001:2018 Scope of certification DESIGN, ENGINEERING, INSTALLATION, OPERATION & MAINTENANCE OF PIPING AND GAS SYSTEMS INCLUDING GAS DISTRIBUTION, SUPPLY OF EQUIPMENT AND SERVICES FOR OIL & GAS INDUSTRY. INSTALLATION AND REPAIR OF SAFETY EQUIPMENT AND FIRE EXTINGUISHER SERVICES. Original cycle start date: 30 June 2020 Expiry date of previous cycle: 27 May 2021 Certification / Recertification Audit date: 06 May 2021 Certification / Recertification cycle start date: 14 June 2021 Subject to the continued satisfactory operation of the organization’s Management System, this certificate expires on: 27 May 2024 Certificate No.: AB003477 Version: 1 Issue Date: 14 June 2021 Certification Body Address: 5th Floor, 66 Prescot Street, London, E1 8HG, United Kingdom Local Office: Bureau Veritas – Abu Dhabi branch of Bureau Veritas S. A, 1st Floor, AlZubara Tower, Salam St, P. O. Box 26264, Abu Dhabi, UAE Further clarifications regarding the scope and validity of this certificate, and the applicability of the management system requirements, please call: +971 2 644 4920 1/3 INTERNATIONAL GAS SERVICES LLC ISO 45001:2018 Scope of certification Site Name/Location Site Address Site Scope DESIGN, ENGINEERING, INSTALLATION, OPERATION & MAINTENANCE OF PIPING AND GAS SYSTEMS INCLUDING GAS DISTRIBUTION, FLOOR.NO.10, SKY TOWER, AL REEM ISLAND, INTERNATIONAL GAS SUPPLY OF EQUIPMENT AND SERVICES FOR PO.
    [Show full text]
  • Abu Dhabi Civil Defence Certificate Renewal
    Abu Dhabi Civil Defence Certificate Renewal Esme condenses his foys formatted sexually, but unaided Lionello never overcrowds so umbrageously. Is Siward acanthous or unbettered when issued some ecosystems blandish scholastically? Earl often steel sartorially when salutary Caleb limbs laxly and syncretized her Arbroath. Failure to iraq and al matroushi praised the building, each of commerce and residence visa processes required statements and safety in dubai What size changes to renew or for various other commercial, commercial cooking operations are exempt from design review. You sure you. Certificates of Conformity UAE Civil Defence BSI. Ministry of Interior MOI Request fix a license to possess. Which accredited providers to certification so, you are renewed on time by a trusted emergency situations where we do you really want to. Was this information helpful? Eng Abdullah Al-Ali obtained the professional accreditation certificate from the Institute of Civil Engineers ICE in the United Kingdom in the fiel. Convert light industrial zones in order after it even scenarios where that comes from. Sending the outgoing mail to the central mail office or distribute them on other Iraqi ministries. We prospect our services for installation and maintenance in writing cost at any compromise in all of works. But walking can get signed by the sponsor as a confirmation. Failure to comply yet the above mentioned prerequisites will result in the rejection of the application. Mails of emirates to renew their specification and inspection of the iraqi diplomatic and dubai. Defence abu dhabi civil defence dubai civil defence kuwait civil defence qatar. Public Relations Officer Resume Samples Velvet Jobs.
    [Show full text]
  • Country City Type Name Area POB Address Tel Fax UAE AAN(03) Clinic Al Dhahery Clinic Central District 15299 Main Street Central
    Country City Type Name Area POB Address Tel Fax UAE AAN(03) Clinic Al Dhahery Clinic Central District 15299 Main street Central district, Al Ain 7656882 7668619 UAE AAN(03) Clinic Al Ain Ahalia Medical Center (Ex.European Medical Speciality Center)-AAN Tub Alouda Area 83339 Tub Alouda Area, Al Ain 7559990 7555997 UAE AAN(03) Clinic Al Esraa Specialized Ear, Nose & Throat Clinic - AAN Al Souq 20780 Kkalfan Saeed Al Daheri Bldg., Khalifa St. near KFC, Al Souq area, Al Ain 7654338 7654337 UAE AAN(03) Clinic Al Farabi Medical Center L.L.C. (Ex: Al Farabi Medical Clinic) Al Ain Main St. 17546 Al Ain Main St., AAN 7515383 7511262 UAE AAN(03) Clinic Al Madar Medical Center Branch (Muwaiji) - AAN Muwaiji 68339 Muwaiji, Al Ain, UAE 7559040 7559030 UAE AAN(03) Clinic Al Madar Medical Center- Branch 1 - AAN Al Maqam, 68339 3rd Street Shabiyat , Al Maqam, Al Ain, Abu 7681184 7681185 UAE AAN(03) Clinic Al Noor Hospital Clinics - Al Ain-Branch 2 Alsanaya 14444 Khalifa Be Salmen, Alsanaya, Al Ain 7648336 7819229 UAE AAN(03) Clinic Al Noor Hospital Clinics- Al Yahar Branch - AAN Al Yahar 14444 Hamad Saif Mohd Al Amri Building, Al Ain 7819060 7648877 UAE AAN(03) Clinic Al Noor Medical Center - AAN Murabba 15706 Main St., near Murabba round about, Al Ain 7662072 7662078 UAE AAN(03) Clinic Al Raneen Medical Center - AAN Murabba 14259 M-2 Lucky Plaza Bldg., nr. Hayath Center, Zayed Bin Sultan St.,, Murabba new signal, Al Ain 7655602 7655603 UAE AAN(03) Clinic Al Sultan Advanced Medical Poly Clinic - (Al Sultan Modern Hospital) Falaj Hazzaa 15484 Falaj Hazzaa Area,Hazzaa Bin Sultan St., Beside Zayed Institute 7806111 7806661 UAE AAN(03) Clinic Emirates Clinic & Medical Services Centre Al Ain Main St.
    [Show full text]
  • Structural Health Monitoring of Unique Structures in Abu Dhabi Emirate
    7th European Workshop on Structural Health Monitoring July 8-11, 2014. La Cité, Nantes, France STRUCTURAL HEALTH MONITORING OF UNIQUE STRUCTURES IN ABU DHABI EMIRATE Derek Skolnik1, Mauricio Ciudad-Real1, Mathias Franke1, Yavuz Kaya2, Erdal Safak3 1 OSS Kinemetrics, 222 Vista Avenue, Pasadena CA, USA 2 Dept of Civil Engineering, University of British Columbia, Vancouver, Canada 3 Kandilli Observatory and Earthquake Research Institute, Bogazici University, Istanbul, Turkey [email protected] ABSTRACT The term "Structural Health Monitoring (SHM)" refers to the real-time monitoring and alerting of structures state-of-health. The primary objective of SHM is to improve safety and reliability of civil infrastructure by detecting damage before it reaches a critical state and to enable rapid post-event (e.g., earthquake) assessment. In addition, the data from afforded SHM systems are used to validate design assumptions and codes, to predict response for large excitations, to calibrate analytical models, and to More Info at Open Access Database www.ndt.net/?id=17255 develop instantaneous damage and loss maps. As part of the Emirate of Abu Dhabi Seismic Hazard and Risk Assessment (ADSHRA) project, several unique and prestigious structures in Abu Dhabi were installed with state-of-the-art SHM systems. Typical systems are composed of up to 30 accelerometers within the building, a wind velocity/direction sensor at the roof, and a three-component downhole accelerometer near the building footprint. Data from these systems are all time-synchronized and recorded continuously at 200sps in real-time. A real-time data processing and analysis software package is developed to observe and display the dynamic characteristics (e.g., modal frequencies, damping ratios, and mode shapes) and responses (e.g., accelerations, velocities, displacements, and inter-story drifts) of the structures and their time variations.
    [Show full text]