Aldar Posts $1.28B H1 Profit with $5B in Sales, Record Backlog

Abu Dhabi, UAE – 30 July 2025 - Aldar, the leading real estate developer, investor, and manager in Abu Dhabi, has announced robust financial results for the first half of 2025. Net profit before tax rose 35% year-on-year to approximately $1.28 billion (AED 4.7 billion), while net profit after tax increased 24% YoY to around $1.12 billion (AED 4.1 billion).

Earnings per share grew 27% YoY to AED 0.45, reflecting strong cross-platform earnings performance across the Group.

$5 Billion in Sales and Record Backlog

Aldar achieved $5 billion (AED 18.3 billion) in group development sales in H1 2025, a 31% YoY increase. This was driven by high demand for existing inventory and five new UAE project launches:

• Two developments on Fahid Island
• Waldorf Astoria Residences Yas
• Manarat Living III
• The Wilds in Dubai

The Group’s development backlog hit a record $17 billion (AED 62.3 billion), with $14.5 billion (AED 53.4 billion) of that in the UAE, ensuring strong revenue visibility over the next 2–3 years.

Read more: Aldar Launches $10.9B Fahid Island Mega Project in Abu Dhabi

Landmark Sales Underscore Luxury Segment Growth

In July, Aldar recorded a record-breaking $109 million (AED 400 million) sale of a mansion at Faya Al Saadiyat, reinforcing the strength of Abu Dhabi’s luxury property market and rising interest from ultra-high-net-worth individuals (UHNWIs).

Additionally, Aldar sold a residential building in Mamsha Gardens to Hong Kong-based private equity firm GAW Capital for $160 million (AED 586 million)—highlighting increased global institutional investment in UAE real estate.

Investment Platform Growth: $1.6B EBITDA and $12.8B AUM

Aldar Investment saw adjusted EBITDA rise 18% YoY to approximately $436 million (AED 1.6 billion). This was supported by strong market conditions, high occupancy, and rising rental rates. Total assets under management reached $12.8 billion (AED 47 billion).

The Mubadala partnership contributed significantly through the acquisition of commercial and residential assets in Masdar City, supporting Aldar’s strategy to scale and diversify its investment property portfolio.

Strategic Acquisitions in Logistics and Education

Aldar expanded its logistics platform with the $144 million (AED 530 million) acquisition of income-generating warehousing and light industrial assets at ALMARKAZ Industrial Park in Abu Dhabi.

In education, Aldar entered a strategic partnership with King’s College School Wimbledon to develop a super-premium K–12 campus on Fahid Island—strengthening its portfolio of high-quality educational offerings.

Sustainability and ESG Recognition

Aldar’s commitment to sustainability was reflected in an upgrade to its MSCI ESG rating to ‘A’ from ‘BBB’, along with its inclusion in the FTSE4Good Index Series—further validating its environmental, social, and governance performance.

Liquidity Position Supports Long-Term Growth

As of June 30, 2025, Aldar reported a strong liquidity position with:

• $3.32 billion (AED 12.2 billion) in free and unrestricted cash
• $4.75 billion (AED 17.5 billion) in committed undrawn bank facilities

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 AED18.3 billion and backlog to a record AED62.3 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 AED4.1 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.”