Latest news with #AldarInvestment
Gulf Business
30-07-2025
- Business
- Gulf Business
Aldar reports 24% rise in H1 net profit, revenue grows 42% YoY
Image: Aldar Aldar Properties reported a 24 per cent year-on-year increase in net profit after tax to Dhs4.1bn for H1 2025, driven by strong development sales, the recognition of a record revenue backlog, and continued expansion across its investment platform. H1 revenue rose 42 per cent year-on-year to Dhs15.5bn, while gross profit grew 39 per cent to Dhs5.3bn. EBITDA increased 38 per cent to Dhs5.3bn. Net profit before tax reached Dhs4.7bn, up 35 per cent year-on-year, with earnings per share rising 27 per cent to Dhs0.45. In Q2 alone, Group development sales hit Dhs18.3bn in H1 2025, up 31 per cent year-on-year, boosted by five new UAE project launches and robust demand for existing inventory. The development backlog rose to a record Dhs62.3bn, including Dhs53.4bn in the UAE, providing strong visibility for revenue over the next two to three years. Sales to overseas and expatriate customers reached Dhs14.7bn, accounting for 84 per cent of total UAE sales in H1. In July, Aldar set a new benchmark with the Dhs400m sale of a mansion at Faya Al Saadiyat, while in May, a residential building in Mamsha Gardens was sold to Hong Kong's Gaw Capital for Dhs586m, marking the firm's first UAE investment. Read: Aldar Development revenue soars 50 per cent in H1 Revenue from Aldar Development rose 50 per cent year-on-year to Dhs11.3bn in H1 2025, with EBITDA increasing 47 per cent to Dhs3.3bn. Q2 development revenue was up 54 per cent to Dhs5.6bn, as the group continued to execute its revenue backlog. Project management services backlog hit Dhs86bn at the end of June, with Dhs56.9bn under construction. UAE sales totalled Dhs17.5bn in H1 2025, rising 35 per cent year-on-year, with Q2 alone contributing Dhs9.0bn, up 32 per cent. Internationally, Egypt-based SODIC contributed Dhs291m in revenue and Dhs536m in sales, with a backlog of Dhs6.6bn. In the UK, London Square added Dhs710m in revenue and Dhs362m in sales. London Square's revenue backlog reached Dhs2.3bn, following multiple launches and acquisitions. Aldar Investment delivers 18 per cent EBITDA growth Aldar Investment reported H1 revenue of Dhs3.8bn, up 16 per cent year-on-year, with adjusted EBITDA increasing 18 per cent to Dhs1.6bn. In Q2, revenue rose 18 per cent to Dhs1.9bn, while adjusted EBITDA climbed 26 per cent to Dhs789m. Assets under management reached Dhs47bn, supported by strategic acquisitions including commercial and residential properties in Masdar City. High occupancy and strong rental growth across asset classes drove performance, with commercial assets at 99 per cent occupancy and residential at 98 per cent. Retail EBITDA increased 12 per cent in H1 to Dhs277m, with Yas Mall occupancy at 98 per cent and footfall up 15 per cent. Logistics EBITDA rose 14 per cent to Dhs35m, with further growth expected from newly acquired ALMARKAZ assets and upcoming cold storage facilities. Hospitality occupancy stood at 70 per cent, with RevPAR up 3 per cent and ADR up 8 per cent. EBITDA declined 4 per cent year-on-year in H1 to Dhs171m, due to asset redevelopments. Aldar Education's EBITDA rose 9 per cent to Dhs127m, with enrolment reaching 37,000. Aldar Estates' EBITDA increased 24 per cent to Dhs192m, driven by synergies across its integrated property and facilities management portfolio. Robust balance sheet and liquidity As of June 30, Aldar reported Dhs12.2bn in free cash and Dhs17.5bn in undrawn bank facilities. A new Dhs500m revolving credit facility raised H1 capital generation to Dhs16.8bn. Customer net promoter score (NPS) rose by 27 per cent during Q2. Aldar received an MSCI ESG rating upgrade to 'A' and was included in the FTSE4Good Index. The company also met its 2026 Emiratisation target ahead of schedule, with Emiratis now representing 44.6 per cent of its workforce. Environmental achievements include a 30 per cent improvement in energy use intensity and a 24 per cent reduction in embodied carbon. Aldar also recycled 96 per cent of construction and demolition waste. Aldar partnered with Emirates Steel to source hydrogen-based rebar for Abu Dhabi's first net zero carbon mosque and signed a Fitwel-certified health-focused masterplan for Fahid Island, which also received LEED Platinum pre-certification. Commenting on the results, Aldar chairman Mohamed Khalifa Al Mubarak said the company is well-positioned to capitalise on demand for high-quality real estate, supported by the UAE's macroeconomic fundamentals and growing global profile. Group CEO Talal Al Dhiyebi added that the company will continue to focus on scaling its development and investment platforms while aligning residential launches with market demand.
Khaleej Times
29-07-2025
- Business
- Khaleej Times
Aldar posts record Dh4.1b H1 profit as sales, investments surge
Aldar, one of the UAE's top real estate developers, on Tuesday reported a 24 per cent year-on-year increase in net profit after tax to Dh4.1 billion for the first-half. Net profit before tax surged 35 per cent to Dh4.7 billion, driven by strong demand across its residential and commercial offerings and continued expansion of its investment portfolio. The developer recorded group development sales of Dh18.3 billion in the first six months of 2025, marking a 31 per cent jump from the same period last year. This sales momentum was fuelled by robust demand for existing inventory and five high-profile project launches in the UAE, including two developments on Fahid Island, Waldorf Astoria Residences Yas, Manarat Living III, and The Wilds in Dubai. The company's development backlog climbed to a record Dh62.3 billion, with Dh53.4 billion concentrated in the UAE, offering solid revenue visibility over the next two to three years. The group's earnings per share rose 27 per cent to Dh0.45, underscoring cross-platform growth. Chairman Mohamed Khalifa Al Mubarak credited the results to the strength of Aldar's diversified business model, and the UAE's sound economic fundamentals. 'The country's growing population and global appeal are driving sustained demand for quality real estate,' he said. With Dh12.2 billion in free cash and Dh17.5 billion in undrawn bank facilities, Aldar said it remains well-positioned for sustained growth. Group CEO Talal Al Dhiyebi said, 'Our momentum in the first half reflects disciplined capital deployment and a clear focus on long-term value creation across all platforms.' Aldar's expanding investment business also played a significant role. Adjusted Ebitda for Aldar Investment increased 18 per cent year-on-year to Dh1.6 billion, supported by high occupancy and rising rents. The group's assets under management reached Dh47 billion by the end of June, bolstered by the strategic acquisition of commercial and residential assets in Masdar City and warehousing facilities at Almarkaz Industrial Park. A notable transaction in July — a Dh400 million record-setting mansion sale at Faya Al Saadiyat — demonstrated Abu Dhabi's growing luxury real estate appeal, particularly among ultra-high-net-worth individuals. International investor interest continued to climb, with overseas and expatriate buyers accounting for Dh14.7 billion, or 84 per cent, of Aldar's UAE sales in H1. Additionally, Aldar sold a residential tower in Mamsha Gardens to Hong Kong-based Gaw Capital for Dh586 million, further underscoring global institutional appetite for UAE real estate assets. In terms of development revenue, Aldar reported Dh11.3 billion for H1, up 50 per cent year-on-year, with Ebitda rising 47 per cent to Dh3.3 billion. Cash collections stood at Dh7.9 billion, reflecting accelerated project delivery. Project management services backlog hit Dh86 billion, including Dh56.9 billion worth of developments currently under construction, mostly for the Abu Dhabi government and international arms also contributed meaningfully. Egypt-based SODIC posted Dh291 million in revenue and Dh536 million in sales, with a backlog of Dh6.6 billion. UK-based London Square generated Dh710 million in revenue and Dh362 million in sales in H1, with a backlog of Dh2.3 billion. In the investment portfolio, commercial assets delivered Dh420 million in EBITDA, up 11 per cent, supported by near full occupancy and rising rents. Residential assets added Dh263 million in EBITDA, marking a 35 per cent increase, aided by strong rental growth and 98 per cent occupancy. Retail EBITDA rose 12 per cent to Dh277 million, with Yas Mall maintaining 98 per cent occupancy and a 15 per cent rise in footfall. The logistics platform also grew, with a 14 per cent rise in H1 EBITDA to Dh35 million, backed by 97 per cent occupancy and the acquisition of prime warehousing assets in Almarkaz. A cold storage facility in Dubai South and the Al Falah logistics hub are expected to support future growth. Aldar's hospitality segment saw 70 per cent occupancy in H1, with RevPAR rising 3 per cent and ADR up 8 per cent. However, H1 EBITDA declined 4 per cent to Dh171 million due to asset repositioning under its Dh1.5 billion redevelopment plan. The Aldhafra Resort opened in March as part of this portfolio upgrade. In education, EBITDA increased 9 per cent to Dh127 million, supported by rising enrolments and fee growth. Total student numbers reached 37,000, with further growth expected from new campuses, including a super-premium King's College School Wimbledon branch planned for Fahid Estates recorded 24 per cent growth in H1 EBITDA to Dh192 million, with expansion in property and facilities management services contributing to the performance.
Gulf Today
29-07-2025
- Business
- Gulf Today
Aldar delivers 24% net profit growth in H1 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
Zawya
29-07-2025
- Business
- Zawya
Aldar delivers 24% net profit growth in H1 2025 driven by recognition of revenue backlog and investment platform expansion
RELATED TOPICS EARNINGS RELATED COMPANIES Gaw Cap Prtnrs DP Gaw Cap Prtnrs Adj Sheet Metal Emsteel Building InterContinental H1 2025 Group Highlights H1 net profit before tax up 35% YoY to AED 4.7 billion, while net profit after tax rose 24% YoY to AED 4.1 billion.1 Earnings per share grew 27% YoY to AED 0.45 in H1 on the back of cross-platform earnings growth. Strong group development sales of AED 18.3 billion in H1, up 31% 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. Development backlog rose to a record AED 62.3 billion, including AED 53.4 billion in UAE, driving revenue recognition over next 2-3 years. Sustained appeal among international buyers, with UAE sales to overseas and expat resident customers reaching AED 14.7 billion, 84% of total H1 UAE sales. Record AED 400 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 AED 586 million, illustrating growing global institutional investment in UAE real estate sector. Positive market conditions, high occupancy levels, and elevated rental rates drove an 18% YoY increase in Aldar Investment's adjusted EBITDA to AED 1.6 billion in H1, with assets under management reaching AED 47 billion. 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 AED 530 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. Progress in sustainability reflected in an MSCI ESG rating upgrade to 'A' from 'BBB', and inclusion in the FTSE4Good Index Series. Strong liquidity position supports prudent growth agenda with AED 12.2 billion in free and unrestricted cash, and AED 17.5 billion in committed undrawn bank facilities as at end of June. Aldar Development revenue in Q2 2025 surged 54% YoY to AED 5.6 billion. In H1 2025, revenue jumped 50% YoY to AED 11.3 billion, with EBITDA increasing 47% to AED 3.3 billion, predominately driven by successful execution of the revenue backlog from new and existing projects. Group sales in Q2 2025 rose 22% to AED 9.4 billion maintaining a strong, sustainable run rate. H1 2025 Group sales were up 31% YoY to AED 18.3 billion, with both existing inventory and new launches - mostly in the UAE - performing strongly driven by the global sales network and robust domestic demand. Group revenue backlog reached a record AED 62.3 billion at the end of June 2025, up from AED 54.6 billion in FY 2024 providing strong visibility on UAE and International revenue over the next 2-3 years. Project management services backlog at the end of June 2025 was AED 86.0 billion, with AED 56.9 billion under construction, reflecting the strong pipeline of government investment in infrastructure and housing. The platform manages a large portfolio of projects at various stages of development for both the Government of Abu Dhabi and Aldar. UAE Total UAE sales in Q2 2025 increased 32% YoY to AED 9.0 billion. In H1 2025, UAE sales totalled AED 17.5 billion, a 35% increase YoY, driven by strong demand for existing developments and the five new launches year to date. Aldar launched three projects in Q2 2025: Fahid Beach Residences, The Beach House, and Waldorf Astoria Residences Yas. The sale of an AED 400 million mansion at Faya Al Saadiyat in July set an Abu Dhabi record, reflecting the UAE capital's appeal as a mature, lifestyle-driven investment destination. UAE sales to overseas and expatriate buyers increased to AED 7.3 billion in Q2 2025 and AED 14.7 billion in H1 2025, representing 82% and 84% of total UAE sales respectively. In May, Aldar sold a 71-unit residential building at Mamsha Gardens in Saadiyat Cultural District to Hong Kong-based private equity firm Gaw Capital Partners for AED 586 million. This marks Gaw Capital's first investment in the UAE and highlights Abu Dhabi and Aldar's growing appeal to global institutional capital. UAE revenue backlog at the end of June 2025 stood at a record AED 53.4 billion, up from AED 45.9 billion in FY 2024, with an average duration of 30 months. Cash collections in Q2 2025 stood at AED 4.3 billion, taking the H1 2025 total to AED 7.9 billion as the company pursues accelerated delivery of projects. International SODIC SODIC contributed AED 120 million (EGP 1.6 billion) in revenue in Q2 2025 and AED 291 million (EGP 4.0 billion) in H1 2025 to Aldar Development. SODIC's sales totalled AED 307 million (EGP 4.1 billion) in Q2 2025 and AED 536 million (EGP 7.2 billion) in H1 2025. Revenue backlog reached AED 6.6 billion (EGP 89.5 billion) at the end of June 2025, with an average duration of 37 months. In May, SODIC signed a revenue-sharing agreement to develop a major land parcel in New Sphinx City, West Cairo, which is expected to generate over EGP 353 billion in sales. SODIC will receive 79% of revenues from the project. London Square London Square's contribution to Aldar Development's revenue was AED 575 million (GBP 117 million) in Q2 2025 and AED 710 million (GBP 146 million) in H1 2025. London Square sales in Q2 2025 totalled AED 99 million (GBP 17 million), bringing total H1 2025 sales to AED 362 million (GBP 72 million). The revenue backlog rose to AED 2.3 billion (GBP 449 million) at the end of June 2025, with an average duration of 31 months. London Square completed two land acquisitions and three new launches in H1 2025, bringing the total to 15 land acquisitions and six launches since Aldar's acquisition of the company at the end of 2023. The platform is set to drive accelerated growth in H2 2025, underpinned by continued integration into Aldar's sales network, with 25% of H1 sales driven by cross-selling through the World of Aldar platform. Aldar investment Comprises four main segments representing AED 47 billion of assets under management (AUM): Investment Properties houses Aldar's main asset management business comprising prime real estate assets across retail, residential, commercial, and logistics segments. Aldar Hospitality owns a portfolio of hotels as well as leisure assets principally located in Abu Dhabi and Ras Al Khaimah. Aldar Education is the leading private education provider in Abu Dhabi with 31 owned and managed schools primarily across the UAE. Aldar Estates is the region's largest integrated property and facilities management platform. Aldar Investment's revenue in Q2 2025 increased 18% to AED 1.9 billion while Adj. EBITDA rose 26% YoY to AED 789 million. For H1 2025, revenue increased 16% to AED 3.8 billion, with the platform's Adj. EBITDA rising 18% to reach AED 1.6 billion. High occupancy and strong rental growth across the core investment portfolio underpinned solid performance, further supported by strategic acquisitions, including Masdar City assets, which have driven the platform's assets under management to AED 47 billion. Aldar's develop-to-hold pipeline, valued at AED 14.3 billion, is set to drive further scale, diversification, and earnings growth over the next three years. Investment Properties Adj. EBITDA rose 20% YoY to AED 495 million in Q2 2025 and increased 17% YoY to AED 993 million in H1 2025, supported by active asset management and portfolio expansion, while the strength of the UAE economy has supported demand and rental growth across asset classes. Portfolio occupancy stood at 97% as at end of June. Commercial Adj. EBITDA increased 23% YoY to AED 208 million in Q2 2025 and rose 11% YoY to AED 420 million in H1 2025. The strong performance was driven by contributions from Masdar City commercial assets acquired on 1 January 2025, the ongoing ramp-up of Al Maryah Tower, and a strong rise in rental rates year to date across the portfolio. Excluding the one-off gain from disposals in H1 2024, Adj. EBITDA in the first half rose 30%. Demand for Grade A office space continues to fuel rental growth, with the portfolio at near full occupancy at 99%. The platform continues to expand its Grade A supply through execution of the develop-to-hold pipeline, including Yas Place, completed in Q2 and already 95% pre-leased ahead of its opening in Q3 2025. Residential Adj. EBITDA rose 28% to AED 132 million in Q2 2025 and increased 35% to AED 263 million in H1 2025. This was driven by a contribution from Masdar City residential assets, while rental rates across the portfolio increased up to 6% year to date amid 98% occupancy. During the period, Aldar generated AED 65 million from the sale of 47 strata units as part of its strategy to recycle capital into higher-yielding, long-term assets. When excluding these divestments H1 2025 Adj. EBITDA rose 41% YoY. Further growth in the platform will be driven by the develop-to-hold pipeline, including the Expo City joint venture in Dubai. Retail Adj. EBITDA in Q2 2025 increased 14% YoY to AED 138 million, driven by increased rental rates and high occupancy of 91% [1] as at the end of June. Adj. EBITDA in the H1 2025 period was up 12% YoY to AED 277 million, underscoring the portfolio's resilience amid ongoing re-development works. Yas Mall continues to lead with 98% occupancy, a 12% rise in tenant sales, and a 15% increase in footfall. Al Hamra Mall reached 98% occupancy following its recent redevelopment, while Al Jimi Mall is set to complete its upgrade in September 2025. The platform's growth momentum is set to continue, driven by the develop-to-hold pipeline and synergies in the new retail platform comprising Yas Mall and The Galleria Luxury Collection consolidated under the Mubadala joint venture, with completion of the transaction expected in Q3. Logistics Adj. EBITDA increased 16% YoY to AED 18 million in Q2 2025 and 14% YoY to AED 35 million in H1 2025, supported by strong occupancy of 97% [2]. Growth momentum is expected to accelerate following the acquisition of assets within ALMARKAZ Industrial Park, which adds 180 thousand sqm of Grade A logistics net leasable area and a custom-designed cold storage facility for Emirates Snack Foods in Dubai South, which is set for handover in Q4 2025. In the near term, further scale will be driven by the DP World partnership and develop-to-hold pipeline, while long-term growth will be anchored by the Al Falah logistics hub under the Mubadala joint venture. The Hospitality portfolio occupancy stood at 70% in H1, with revenue per available room (RevPAR) increasing 3% and average daily rates (ADR) rising 8% YoY. EBITDA in Q2 2024 increased 10% YoY to AED 78 million and declined 4% YoY in H1 2025 to AED 171 million, reflecting the impact of Aldar's AED 1.5 billion redevelopment programme, with several assets partially offline due to the portfolio's strategic repositioning. As part of this programme, Aldhafra Resort, a luxury desert retreat in Liwa, commenced operations in March 2025 under InterContinental Hotels Group's (IHG) Vignette Collection. Aldar Education Adj. EBITDA rose 6% YoY to AED 65 million in Q2 2025 and increased 9% YoY to AED 127 million in H1 2025, largely driven by strong organic growth and fee uplifts in most operated schools. Total enrolment has reached 37,000, with further scale expected from the upcoming opening of Yasmina American School in Khalifa City and a new campus for Muna British School in Saadiyat Lagoons in 2025-2026 academic year, alongside multiple growth levers spanning organic, inorganic, and greenfield developments. Aldar has also entered a partnership to bring King's College School Wimbledon to Fahid Island in the 2028-2029 academic year. Aldar Estates Adj. EBITDA increased 21% YoY to AED 102 million in Q2 2025 and was up 24% YoY to AED 192 million H1 2025, underpinned by synergies and organic growth across the expanded property management, facilities management, and integrated community services portfolio. Group & Corporate Updates Aldar strengthened its liquidity and capital structure through an additional AED 500 million bilateral revolving credit facility arranged in June 2025, taking the total capital raised in H1 2025 to AED 16.8 billion. Aldar's customer net promoter score (NPS) score increased by 27% during the second quarter of 2025, representing a 12-point increase. This increase can largely be attributed to an elevated process for home buyers, as well as customer experience enhancements within the Aldar Estates and Aldar Education businesses. During the first half of 2025, Aldar launched a new Property Listing Experience, enhanced its Broker Portal, and completed Darna integration into Live Aldar, uplifting experience across the entire digital ecosystem. In Q2, Aldar enabled an end-to-end digital sales feature through Live Aldar. Going live for the Fahid Island launch, the feature enabled a selection of overseas buyers to enjoy a fully digital experience with AED 188 million worth of transactions completed. This success will be accelerated in future launches and highlights the continued evolution of Aldar's digital customer journey. There has been a 36% increase of active, registered users across our main digital properties since January, showing strong adoption and engagement in comparison to the previous year. ESG Highlights As one of the UAE's leading real estate developers, Aldar has a duty to uphold best practice international ESG standards. ESG is a core pillar of the company's long-term growth strategy, with strong governance and responsible environmental and social impact integrated into its investment processes and business decisions. Highlights of Aldar's recent ESG activities include: Aldar has been upgraded to an 'A' from 'BBB' in the latest MSCI ESG Rating assessment. The rating upgrade reflects the company's continued progress in strengthening its environmental, social, and governance practices across its operations. Additionally, in June 2025, Aldar was added as a constituent to the FTSE4Good Index series. Aldar has reached its 2026 Emiratisation target ahead of schedule. More than 1,000 job opportunities have been created for UAE nationals since 2021, with Emiratis now representing 44.6% of the Group's employee base. Aldar achieved an Energy Use Intensity (EUI) improvement of 30% by design against the ASHRAE 2007 baseline. The company has also reduced embodied carbon in construction materials by 24% compared to business-as-usual levels and recycled 96% of construction and demolition waste. A partnership with Emirates Steel will allow the Aldar to access hydrogen-based steel rebar, for use in Abu Dhabi's first net zero carbon mosque, serving as a benchmark for future collaboration and use of hydrogen-produced steel. Fahid Island's health-focused masterplan attained Fitwel certification - the first ever for an island - and also achieved a LEED Platinum precertification for Cities and Communities. The wellness destination has been designed to promote eco-friendly mobility and connectivity. A partnership with Awqaf Abu Dhabi will develop an AED 70 million endowment residential project, with rental proceeds supporting healthcare for vulnerable chronic disease patients — reinforcing Aldar's commitment to sustainable, community-focused development. About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East and North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of AED 47 billion worth of investment-grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, hospitality, property and facilities management, and education segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates. For more information on Aldar please visit
Arabian Post
02-07-2025
- Business
- Arabian Post
Aldar Deepens Logistics Reach with AED 530 Million Almarkaz Deal
Aldar Investment has sealed the acquisition of 17 high‑quality warehousing and light industrial units from Waha Capital for AED 530 million, immediately expanding its net leasable area by 182,500 sq m at Almarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, now near full occupancy, welcome a mix of international, regional and government-related tenants, reinforcing Aldar's logistics footprint across the UAE. The Almarkaz site spans six million sq m and operates under special economic zone status, offering premium infrastructure and modular facility design that enables seamless scalability. With this purchase, Aldar's logistics portfolio surpasses 600,000 sq m of operational and under-development space, encompassing holdings in Abu Dhabi's Business Hub, Dubai's 7 Central, and forthcoming logistics parks at Dubai South and Jebel Ali with DP World. Jassem Salah Busaibe, CEO of Aldar Investment, explained the deal aligns closely with the firm's strategic direction to enhance and diversify recurring revenue streams. He noted demand for 'well-located premium logistics and industrial space' across Abu Dhabi and Dubai continues to intensify, underpinning Aldar's capital allocation into high-quality warehousing with 'strong fundamentals and growth potential'. ADVERTISEMENT For Waha Capital, the divestment marks a pivotal phase in extracting value from over a decade of development at Almarkaz. Mohamed Hussain Al Nowais, Managing Director at Waha Capital, praised the transformation of the property from a green‑field plot to a strategic logistics hub, describing the sale as a validation of the platform's scalability and the group's long‑term, value‑creation objectives. Market observers attribute this flurry of logistics investment to several drivers. E‑commerce growth, burgeoning regional trade flows, and population expansion are converging, creating heightened demand for grade‑A logistics assets. The Almarkaz facilities, offering modular layouts with variable unit sizes and heights, are well suited to support this evolving tenant landscape. Analysts also view Aldar's move as reinforcing its status as a leading logistics landlord in the UAE, Ramsay Consultants senior director Sarah Al‑Zafiri remarked: 'By adding scale, occupancy and diversification, Aldar is consolidating its edge in a competitive sector increasingly driven by global supply chain dynamics.' The company's pipeline of projects in Jebel Ali and Dubai South—particularly the joint venture with DP World—demonstrates a long‑term commitment to expand capacity in line with regional logistics demand. The strategic purchase comes against the backdrop of Abu Dhabi's broader economic agenda, driving diversification away from hydrocarbons towards industrial, logistics and business infrastructure development. It aligns with the Emirate's infrastructure milestone ambitions, including that of Almarkaz itself, which grew under government-backed initiatives and Waha Capital's vision over the past decade. Financially, the AED 530 million consideration—equivalent to US$144 million—reflects growing investor appetite for stable, income-generating real estate underpinned by long‑term leases and resilient tenant profiles. The acquisition further strengthens Aldar's balance sheet diversification, reinforcing revenue stability as the logistics unit contributes increasingly meaningful recurring income. Looking ahead, both Aldar and Waha Capital signalled openness to future collaborations within Almarkaz. Their aligned interests, combined with the availability of undeveloped land and infrastructure, could unlock new logistic and industrial developments. With Almarkaz now integrated into Aldar's ecosystem, and development momentum building in key zones like Dubai South, Jebel Ali and across Abu Dhabi, the move positions the Emirates to benefit from an expanding logistics network. As strategic partnerships and phased developments roll out, the sector appears primed to support national economic diversification goals alongside private-sector returns.
