Real Estate Company Reports Strong H1 Profit

Aldar, the Abu Dhabi-based developer, reported a strong first half of the year, with profits reaching Dh4.1 billion, a 24% increase year-on-year. This growth was fueled by robust demand for its projects in Abu Dhabi and Dubai, as well as its commercial real estate portfolio. Key launches, such as Fahid Island, contributed significantly to sales, alongside high-value residential deals like a Dh400 million mansion on Saadiyat Island. Chinese and UK nationals were the top buyers of Aldar's residential offerings, with sales to Chinese buyers reaching Dh1.7 billion.

Aldar's financial performance was marked by a 42% increase in revenues to Dh15.5 billion in H1-2025. The company's stock on ADX also saw a positive trend, rising 28% year-to-date to Dh9.9. Group-wide sales increased by 31% to Dh18.3 billion, driven by strong performance in both existing inventory and new launches, primarily within the UAE. The company's focus remains on delivering its substantial development pipeline while strategically launching residential projects to meet market demand.

The company's revenue backlog reached a record Dh53.4 billion by the end of June, up from Dh45.9 billion in FY 2024, with an average duration of 30 months. Aldar Development's revenue in Q2-2025 surged 54% year-on-year to Dh5.6 billion, contributing to a 50% increase in H1-2025 revenue to Dh11.3 billion. EBITDA also saw a 47% increase to Dh3.3 billion, primarily due to successful execution of the revenue backlog from new and existing projects.

Aldar plans to expand its land holdings in both Dubai and Abu Dhabi, with potential for more affordable projects. The project management services backlog stood at Dh86 billion by the end of June, with Dh56.9 billion currently under construction.