Today's Edition
ABU DHABI (ALETIHAD)
Aldar delivered strong earnings in the first half of 2025, reporting a 24% year-on-year increase in net profit to Dh4.1 billion, driven by robust revenue recognition from a healthy development backlog and continued expansion across its investment platform.
The results for the first half and the second quarter of the year were posted on the website of Abu Dhabi Securities Exchange (ADX). Aldar, which is an ADX-listed realty company with market capitalisation of Dh77.84 billion, is backed by Mubadala and Alpha Dhabi.
Profit before tax rose 35% to Dh4.7 billion, while EBITDA increased 38% year-on-year to Dh5.3 billion. Revenues for the period surged 42% to Dh15.5 billion, reflecting strong development sales and contributions from recently acquired income-generating assets.
Group development sales reached Dh18.3 billion, up 31% from a year earlier, underpinned by five new project launches in the UAE. The revenue backlog climbed to a record Dh62.3 billion, with Dh53.4 billion attributed to UAE-based projects. Notably, international buyers and expatriate residents accounted for Dh14.7 billion—or 84%—of total UAE development sales, highlighting sustained foreign investor interest in the local market.
One of the standout moments came in July when Aldar sold a luxury mansion at Faya Al Saadiyat for a record Dh400 million, reflecting the strength of Abu Dhabi’s high-end segment and growing investment from ultra-high-net-worth individuals. Further signalling increased institutional interest, a residential building in Mamsha Gardens was sold to Hong Kong’s GAW Capital for Dh586 million.
Aldar’s investment platform continued its expansion, with adjusted EBITDA rising 18% to Dh1.6 billion in H1. Commercial and residential assets in Masdar City acquired through the Mubadala partnership made a significant contribution. The group also expanded its logistics portfolio with the Dh530 million acquisition of income-generating warehousing and light industrial assets at ALMARKAZ Industrial Park in Abu Dhabi.
Additionally, Aldar Education advanced its offering with a strategic partnership with King’s College School Wimbledon to develop a premium K–12 campus on Fahid Island.
Liquidity remains strong with Dh12.2 billion in free cash and Dh17.5 billion in undrawn credit facilities. Assets under management reached Dh47 billion as of June.
Chairman H.E. Mohamed Khalifa Al Mubarak said: "Aldar delivered exceptional first-half earnings growth driven by the continued strength of our diversified business model and disciplined strategy execution. 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 Dh18.3 billion and backlog to a record Dh62.3 billion."
Group Chief Executive Officer Talal Al Dhiyebi said: “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.”
Aldar also made progress in sustainability, receiving an upgrade in its MSCI ESG rating from ‘BBB’ to ‘A’, and inclusion in the FTSE4Good Index Series, reinforcing its commitment to responsible investment and long-term value creation.
