Aldar’s 2024 Profit Surges 43% Amid Thriving Property Market

The company's full-year sales amounted to Dh33.6 billion, marking a 20% increase from the previous year. Aldar's development projects, including residential, commercial, and retail properties, have seen heightened demand, contributing to this impressive performance.

In the fourth quarter of 2024, Aldar's net profit rose by 39% to Dh1.4 billion, driven by record development sales. The company's diverse portfolio and strategic investments have positioned it well to capitalize on the thriving property market.

Aldar's CEO, Talal Al Dhiyebi, highlighted the company's commitment to delivering high-quality developments and its focus on sustainable growth. He emphasized that Aldar's strong financial performance is a testament to the resilience of the UAE's real estate sector and the company's strategic vision.

Looking ahead, Aldar plans to expand its presence in the UAE with new projects catering to the rising demand for premium properties. The company remains optimistic about the future, expecting sustained growth in line with the country’s broader economic momentum.

Aldar’s success reflects the overall strength of the UAE’s property sector, which continues to attract investors and homeowners seeking high-quality, sustainable developments.