Aldar delivers 24% net profit growth in H1 2025

Gulf Today

29-07-2025

Aldar, a real estate developer, manager, and investor in Abu Dhabi, announced that its net profit before tax has increased 35 per cent YoY to Dhs4.7 billion, while net profit after tax rose 24 per cent YoY to Dhs4.1 billion.
The company in its financial results for H1 2025 revealed that earnings per share grew 27 percent YoY to Dhs0.45 in H1 on the back of cross-platform earnings growth.
The strong group development sales of Dhs18.3 billion in H1, up 31 per cent YoY, due to high demand for existing inventory and five new UAE launches: two projects on Fahid Island, Waldorf Astoria Residences Yas, Manarat Living III and The Wilds in Dubai.
The development backlog rose to a record Dhs62.3 billion, including Dhs53.4 billion in UAE, driving revenue recognition over next 2-3 years.
A record Dhs400 million sale of a mansion at Faya Al Saadiyat in July reflects appeal of Abu Dhabi's luxury segment and increased investment among UHNWIs.
A residential building in Mamsha Gardens sold to Hong Kong private equity firm GAW Capital for Dhs586 million, illustrating growing global institutional investment in UAE real estate sector.
The positive market conditions, high occupancy levels, and elevated rental rates drove an 18 per cent YoY increase in Aldar Investment's adjusted EBITDA to Dhs1.6 billion in H1, with assets under management reaching Dhs47 billion.
The commercial and residential assets in Masdar City acquired through the Mubadala partnership made a significant contribution, delivering on the strategic aim to further scale and diversify across the investment properties portfolio.
The logistics platform was expanded through the Dhs530 million acquisition of high-quality, income-generating warehousing and light industrial assets in ALMARKAZ Industrial Park in Abu Dhabi.
Further expansion of Aldar Education's high-quality school offering through a strategic partnership with King's College School Wimbledon to establish a super-premium K–12 campus on Fahid Island.
The progress in sustainability reflected in an MSCI ESG rating upgrade to 'A' from 'BBB', and inclusion in the FTSE4Good Index Series.
The strong liquidity position supports prudent growth agenda with Dhs12.2 billion in free and unrestricted cash, and Dhs17.5 billion in committed undrawn bank facilities as at end of June.
Mohamed Khalifa Al Mubarak, Chairman of Aldar, stated, 'Aldar delivered exceptional first-half earnings growth driven by the continued strength of our diversified business model and disciplined strategy execution. This performance comes against a backdrop of positive macroeconomic fundamentals, underpinned by the UAE's strong fiscal position and sustained investment across key sectors.
"The UAE's rising population and its growing appeal as a global centre for business, talent, and lifestyle are driving significant demand for high-quality real estate — propelling our H1 development sales to Dhs18.3 billion and backlog to a record Dhs62.3 billion.
"Aldar is well-positioned to capitalise on this heightened demand through the accelerated growth of our development and investment platforms, which play a significant role in advancing the UAE's sustainable urban and economic progress.'
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, added, 'Aldar delivered strong momentum in the first half of 2025, with a 24 percent year-on-year increase in net profit to Dhs4.1 billion, driven by strong development sales and continued expansion of our investment properties portfolio, underpinned by disciplined capital deployment.
"Our development business recorded high demand across existing inventory and launches, with standout sales at flagship projects in Abu Dhabi and Dubai. Aldar Investment continues to deliver solid income growth, supported by high occupancy, rising rental rates, and recent acquisitions. We continue to scale and diversify the platform through expansion in the core sectors of retail, residential, hospitality, commercial and logistics.
"Our focus remains on delivering our substantial develop-to-hold pipeline, while maintaining a steady pace of residential launches aligned to market demand.'
WAM