"The house" Achieved 4.9 billion dirhams in net profits during the first half, a growth of 18%
Abu Dhabi, July 29 / WAM / Aldar Group achieved remarkable financial and operational performance during the first half of 2026, driven by the continued momentum of its development work, the strength of its portfolio of investment properties, and the growth of its business in regional and international markets, which was reflected in an increase in net profits after tax by 18% on an annual basis to reach 4.9 billion dirhams, thanks to recording revenues from development projects under implementation and stable profits achieved by the diversified investment properties portfolio, while earnings per share increased by 18% on an annual basis to reach 4.9 billion dirhams. 17% on an annual basis, reaching 0.53 dirhams during the first half of the year.
This July, Aldar revealed the “Saadiyat Marsa” project, marking the launch of the final phase of the master plan for Saadiyat Island, with a total development value amounting to 100 billion dirhams, of which Aldar is developing projects worth 60 billion dirhams, with launches to begin during the second half of the year.
The group also announced the “Yas Point” project, a mixed-use waterfront destination worth 6 billion dirhams on Yas Island, and launched its first residential project within the destination, “The Canopies.”
The group recorded development sales worth 12.1 billion dirhams during the first half, reflecting a balanced approach in launching new projects in the UAE in response to market conditions, with three successful projects being launched in the country during the second quarter.
The accumulated revenues from development projects amounted to 71.6 billion dirhams at the end of June, including 59.9 billion dirhams for projects in the UAE, providing a clear vision of the revenues expected to be recorded during the next two to three years.
Aldar’s projects in the UAE continued to attract the interest of international buyers and foreign residents, as their sales amounted to 7.6 billion dirhams during the first half, representing 80% of total sales in the country, while Aldar’s two international companies, “Sodic” and “London Square”, strengthened their contribution to the group’s sales, with their sales growing during the first half of 2026 by 171% and 236%, respectively.
In the investment sector, Aldar Investment recorded a growth in adjusted earnings before interest, taxes, depreciation and amortization by 18% year-on-year during the first half of 2026 to reach 1.8 billion dirhams, supported by high occupancy rates, rental growth, and recent strategic acquisition deals, including a logistics portfolio in “Kizad” and “The Link” buildings in Masdar City during the second quarter.
The value of the assets managed by Aldar Investments rose to 56 billion dirhams, while the value of the “development and retention” projects portfolio, which supports future income growth, reached 20 billion dirhams after the addition of five new projects during the second quarter and the completion of a facility for the “Emirates Snack Foods” company.
In the most prominent announcements of “development and retention” projects during the second quarter, Aldar and the Department of Municipalities and Transport in Abu Dhabi entered into a partnership worth 2.8 billion dirhams to develop 9,000 residential units for rent within the Affordable Housing Solutions project, while Aldar in Dubai acquired a residential project and community retail facility in Dubai Studio City.
Aldar continued to invest in the education sector through plans to establish a British school in the new Al Ghadeer Gardens project, and move Cranleigh Abu Dhabi School to a modern, fully-fledged facility on Saadiyat Island.
The group strengthened its financial position by closing a syndicated revolving credit facility linked to sustainability worth 5 billion dirhams last April, which raised its liquidity position to 37.1 billion dirhams, including 16.8 billion dirhams of available and unrestricted cash liquidity, and 20.3 billion dirhams of confirmed and undrawn bank facilities.
His Excellency Mohammed Khalifa Al Mubarak, Chairman of the Board of Directors of Aldar, said that the performance achieved by the group during the first half embodies the success of a long-term investment strategy that contributed to building a diversified business system based on exceptional financial solvency, stressing that this diversification enabled Aldar to benefit from the rapid growth witnessed by Abu Dhabi, in light of the continued demand for its projects, and the high occupancy rates and rental growth in its investment portfolio amounting to 56 billion dirhams, which supports the continued achievement of sustainable growth and long-term value for shareholders. and the communities they serve.
For his part, Talal Al Dhiyebi, CEO of Aldar Group, said that the results of the first half reflect the strength and diversification of the group’s business model, driven by revenue growth and an increase in net profits by 18%, the continued momentum of development work in the UAE and the acceleration of the growth of activities in the United Kingdom and Egypt, in addition to the great demand from international buyers and foreign residents for new projects, and Aldar Investments’ continuation of enhancing recurring income through its investment portfolio.
He stressed the continued focus during the next phase on completing projects under implementation, completing the portfolio of development and retention projects, and enhancing long-term value based on the financial solvency and operational capabilities of the group.
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