Aldar Reports Profit of $1.12 Billion in H1 2025

The net profit before tax of Aldar Properties was up 35% y-o-y to $1.28 billion, while net profit after tax rose 24% y-o-y to $1.12 billion and the earnings per share grew 27% y-o-y to $0.12 on the back of cross-platform earnings growth during H1 2025, Aldar Properties said on Tuesday.

In a bourse filing with Abu Dhabi Securities Exchange (ADX) this morning, Aldar said that the strong group development sales of $4.98 billion in H1 was up 31% y-o-y, 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 $16.96 billion, including $14.54 billion in the UAE, driving revenue recognition over next 2-3 years, and the company sustained appeal among international buyers, with the UAE sales to overseas and expat resident customers reaching $4 billion, 84% of total H1 UAE sales.

Aldar said that a residential building in Mamsha Gardens was sold to Hong Kong private equity firm GAW Capital for $159.54 million, illustrating the growing global institutional investment in the 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 $440 million in H1, with assets under management (AUM) reaching $12.8 billion, the company said.

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 $144.3 million acquisition of high-quality, income-generating warehousing and light industrial assets in ALMARKAZ Industrial Park in Abu Dhabi, Aldar said.

Strong liquidity position supports the company’s prudent growth agenda with $3.32 billion in free and unrestricted cash, and $4.76 billion in committed undrawn bank facilities as at end of June, the company said.

Strong Momentum

Aldar Group CEO Talal Al Dhiyebi said that the company delivered strong momentum in the first half of 2025, with a 24% y-o-y increase in net profit, driven by strong development sales and continued expansion of its investment properties portfolio, underpinned by disciplined capital deployment.

Aldar’s 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,” he added.