Abu dhabi: Aldar has announced a substantial expansion of its strategic landbank in Abu Dhabi, adding AED23 billion in gross development value. The new sites cover more than 2.3 million square meters and are set to deliver approximately 3,000 new homes across Saadiyat Island, Yas Island, and areas adjacent to Yas Island.
According to Emirates News Agency, these sites collectively offer the flexibility to deliver a wide range of residential products, catering to the long-term population growth and housing demand in Abu Dhabi. The developments will be introduced to the market in a phased manner, with the initial project launches expected from 2026 onwards. This strategic phasing approach aims to support stable absorption rates and enhance the visibility of medium- to long-term revenue and earnings growth while maintaining flexibility across market cycles.
The activation of these land plots will be carried out through a joint venture structure with an established partner, ensuring efficient capital deployment. Aldar will retain responsibility for the full development, sales, and delivery lifecycle of the new projects, maintaining control over the quality and execution of the developments.
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, stated that the expansion of their Abu Dhabi landbank underscores their strong belief in the market's long-term prospects and the potential opportunities across the capital. He emphasized that by building on existing destinations and extending into new growth corridors, Aldar aims to deliver diverse and high-quality communities that align with sustained demand. Al Dhiyebi also highlighted that this portfolio is expected to generate significant long-term returns for shareholders while supporting Abu Dhabi's growth as a leading international business and lifestyle destination.
