Abu dhabi: Aldar, a real estate developer, manager, and investor in Abu Dhabi, announced that its net profit before tax has increased 35 percent year-on-year (YoY) to AED4.7 billion, while net profit after tax rose 24 percent YoY to AED4.1 billion.
According to Emirates News Agency, the company in its financial results for H1 2025 revealed that earnings per share grew 27 percent YoY to AED0.45 in H1, driven by cross-platform earnings growth. The strong group development sales of AED18.3 billion in H1, up 31 percent YoY, were attributed 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 AED62.3 billion, including AED53.4 billion in the UAE, driving revenue recognition over the next 2-3 years. A record AED400 million sale of a mansion at Faya Al Saadiyat in July exemplifies the appeal of Abu Dhabi's luxury segment and increased investment among ultra-high-net-worth individuals (UHNWIs). A residential building in Mamsha Gardens sold to Hong Kong private equity firm GAW Capital for AED586 million, illustrating growing global institutional investment in the UAE real estate sector.
Positive market conditions, high occupancy levels, and elevated rental rates drove an 18 percent YoY increase in Aldar Investment's adjusted EBITDA to AED1.6 billion in H1, with assets under management reaching AED47 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 AED530 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 aims to establish a super-premium K-12 campus on Fahid Island.
Progress in sustainability was reflected in an MSCI ESG rating upgrade to 'A' from 'BBB', and inclusion in the FTSE4Good Index Series. The strong liquidity position supports a prudent growth agenda with AED12.2 billion in free and unrestricted cash and AED17.5 billion in committed undrawn bank facilities as of the 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."
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 AED4.1 billion, driven by strong development sales and continued expansion of our investment properties portfolio, underpinned by disciplined capital deployment."
