Aldar Properties Soars: Net Profits Exceed $1.1 Billion in H1 2025 Amidst Robust Revenue Growth and Market Leadership

Aldar Properties PJSC, the leading real estate development and investment company listed on the Abu Dhabi Securities Exchange, has announced a remarkable 24% surge in its net profits during the first half of 2025, reaching AED 4.1 billion (approximately $1.12 billion). This impressive growth is a testament to the company's strong financial performance, driven by effective accumulated revenue collection and the stellar performance of its diversified investment portfolio.

Detailed Financial and Operational Performance

According to disclosures published on the Abu Dhabi Financial Market, Aldar's revenues soared by 42% to reach AED 15.5 billion during the first half of 2025. Analyzing the quarterly performance, the company's statement revealed a 25% year-on-year increase in net profits to AED 2.2 billion in Q2 2025. Aldar also recorded robust revenues of AED 7.7 billion in Q2 2025, marking a significant 46% year-on-year increase.

Aldar Properties reported that accumulated revenues from development projects have surged to a record AED 62.3 billion, with AED 53.4 billion originating from projects within the UAE. The company also registered development sales worth AED 18.3 billion in H1 2025, a 31% year-on-year increase, underscoring strong demand for its offerings.

Key Highlights of Aldar's H1 2025 Results

• Overall Profit Growth: Aldar's pre-tax net profit increased by 35% year-on-year to AED 4.7 billion in H1 2025, while post-tax net profit rose by 24% year-on-year to AED 4.1 billion. Earnings per share (EPS) grew by 27% year-on-year to AED 0.45 in H1, driven by profit growth across all Aldar platforms.

• Strong Development Sales: The group achieved robust development sales of AED 18.3 billion in H1 2025, fueled by high demand for existing inventory and the launch of five new projects in the UAE: two projects on Fahid Island, Waldorf Astoria Residences on Yas Island, Manar Living III, and The Wilds in Dubai.

• Record Accumulated Revenue: The volume of accumulated revenues from development projects reached a record AED 62.3 billion, with AED 53.4 billion in the UAE, signaling strong revenue growth over the next two to three years.

• International Buyer Appeal: Continued strong interest from international buyers was evident, with Aldar's UAE sales to international and resident buyers reaching AED 14.7 billion, representing 84% of total Aldar sales in the UAE during H1.

• Luxury Real Estate and Institutional Deals: Aldar achieved a record with the sale of a villa in the Faya Saadiyat project for AED 400 million, reflecting the attractiveness of Abu Dhabi's luxury real estate sector. The sale of a residential building in Mamsha Al Saadiyat to "Gaw Capital," a Hong Kong-based private equity firm, for AED 586 million, highlights the growing global institutional investment in the UAE's real estate sector.

• Aldar Investment Performance: Favorable market conditions, high occupancy rates, and increased rental prices contributed significantly to the 18% year-on-year increase in Aldar Investment's adjusted EBITDA to AED 1.6 billion in H1 2025, with assets under management reaching AED 47 billion.

• Strategic Acquisitions: Commercial and residential assets in Masdar City, acquired through a partnership with Mubadala, significantly supported the strategic objective of expanding and diversifying the investment property portfolio. Aldar Logistics' business unit further expanded by acquiring high-quality income-generating warehouses and light industrial assets in the Al Markaz Industrial Complex in Abu Dhabi for AED 530 million.

• Aldar Education Expansion: Aldar Education continued to enhance its portfolio of high-quality schools through a strategic partnership with "King's College Wimbledon" to establish a world-class school campus on Fahid Island.

• Sustainability Leadership: The group strengthened its position in sustainability, particularly after Aldar's MSCI ESG rating was upgraded from BBB to A, in addition to its inclusion in the FTSE4Good Global Index Series.

• Strong Financial Position: Aldar maintains a robust financial position supporting its growth strategy, with unrestricted cash liquidity of AED 12.2 billion and confirmed undrawn credit facilities of AED 17.5 billion as of the end of June.

Leadership Commentary

Mohamed Khalifa Al Mubarak, Chairman of Aldar, commented: "Aldar recorded significant profit growth in the first half of the year, which demonstrates the efficiency of our diversified revenue business model and our success in effectively executing our strategy. This record performance coincides with a macro-economic climate full of opportunities, reinforced by the UAE's strong financial solvency and its continued qualitative investments in its key economic sectors. The country's population growth, its prestigious position as a global business hub, its continued attraction of talent, and its leading quality of life enhance the growing demand for luxury real estate, which drove our development sales growth to AED 18.3 billion in the first half, taking our development project portfolio to a new historical record of AED 62.3 billion. Thanks to these factors, Aldar is now in a strong position to capitalize on the opportunities generated by this growing demand, by accelerating the growth trajectory of its development and investment platforms, which play a significant role in supporting the country's journey towards sustainable urban and economic development."

Talal Al Dhiyebi, Group CEO of Aldar, added: "Aldar achieved strong growth in the first half of 2025, with net profits rising 24% year-on-year to AED 4.1 billion, benefiting from strong development project sales and the continuous growth of the investment property portfolio, along with disciplined capital deployment. The development sector witnessed high demand for our existing and newly launched projects, achieving exceptional sales in our major projects in Abu Dhabi and Dubai. At the same time, Aldar Investment continues to achieve strong income growth, benefiting from high occupancy rates, increasing rental prices, and recent acquisitions. We continue to stimulate the growth of this important platform within Aldar's ecosystem and diversify its portfolio by expanding into vital sectors including retail assets, residential properties, hospitality facilities, commercial spaces, and logistics assets. Our focus remains on executing our extensive pipeline of 'develop and hold' assets, while proceeding at a measured pace with the launch of residential projects that meet current market needs."

In-depth Segment Performance

Aldar Development: Aldar Development's revenues in Q2 2025 rose by 54% year-on-year to AED 5.6 billion. In H1 2025, revenues jumped by 50% year-on-year to AED 11.3 billion, while EBITDA increased by 47% to AED 3.3 billion, mainly driven by accumulated revenues from new and existing projects.

Group Sales: Group sales in Q2 2025 increased by 22% to AED 9.4 billion, maintaining a high and sustainable operating rate. Group sales in H1 2025 grew by 31% year-on-year to AED 18.3 billion, supported by strong performance from new projects and existing inventory, especially in the UAE, as a result of an expanded global sales network and strong local demand.

Accumulated Revenue: The group achieved a record level of accumulated revenue of AED 62.3 billion by the end of June 2025, up from AED 54.6 billion at the end of 2024, signaling revenue growth locally and internationally over the next two to three years.

Project Management Services: The accumulated value of project management services reached AED 86 billion by the end of June 2025, of which AED 56.9 billion is for projects currently under construction, reflecting the strength of government investments in infrastructure and housing projects. The platform manages a wide portfolio of projects in various stages of development for both the Abu Dhabi government and Aldar.

Geographic Performance

Within the UAE

Total Aldar sales in the UAE during Q2 2025 increased by 32% year-on-year to AED 9 billion. In H1 2025, total sales in the country reached AED 17.5 billion, a 35% year-on-year growth, driven by strong demand for existing projects and five new projects launched since the beginning of the year.

Aldar launched three new projects in Q2 2025: "Fahid Beach Residences," "Fahid Beach Apartments," and "Waldorf Astoria Residences" on Yas Island. The group also set a record in Abu Dhabi after selling a villa worth AED 400 million in the "Faya Saadiyat" project in July, reflecting the attractiveness of the UAE capital as an investment destination with a modern lifestyle and promising potential.

Aldar's sales in the UAE to international and resident buyers amounted to AED 3 billion in Q2 and AED 14.7 billion in H1 2025, representing 82% and 84% respectively of total sales in the UAE.

In May, Aldar announced the sale of a residential building consisting of 71 units in the "Mamsha Gardens" project in Saadiyat Cultural District to "Gaw Capital Partners," a Hong Kong-based private equity firm, for AED 586 million. This deal marks the company's first investment in the UAE, highlighting the increasing attractiveness of Abu Dhabi and Aldar to international investment firms.

Accumulated revenues in the UAE reached a record AED 53.4 billion by the end of June 2025, compared to AED 45.9 billion at the end of 2024, with an average collection period of 30 months.

Cash collections amounted to AED 3 billion in Q2 2025, bringing total cash collections in H1 to AED 7.9 billion, as the company continues its efforts to accelerate project delivery.

International Performance

SODIC

SODIC's contribution to Aldar Development's revenues was AED 120 million (EGP 1.6 billion) in Q2 2025, and AED 291 million (EGP 4.0 billion) in H1.

SODIC's total sales in Q2 reached AED 307 million (EGP 4.1 billion), and AED 536 million (EGP 7.2 billion) in H1. Accumulated revenues reached AED 6.6 billion (EGP 89.5 billion) by the end of June 2025, with an average collection period of 37 months.

In May, SODIC signed an agreement to develop a large plot of land in New Sphinx City, West Cairo, under a revenue-sharing model. The project is expected to generate sales exceeding EGP 353 billion, with SODIC receiving 79% of the project's revenues.

London Square

London Square's contribution to Aldar Development's revenues was AED 575 million (GBP 117 million) in Q2 2025, and AED 710 million (GBP 146 million) in H1.

London Square's total sales in Q2 were AED 99 million (GBP 17 million), bringing its H1 sales to AED 362 million (GBP 72 million). Accumulated revenues increased to AED 2.3 billion (GBP 449 million) by the end of June 2025, with an average collection period of 31 months.

London Square completed two land acquisition deals and launched three new projects in H1 2025, bringing the total land deals to 15 and new projects to six since Aldar's acquisition of the company at the end of 2023. The company is expected to accelerate its growth in H2 2025, supported by its continued integration into Aldar's global sales network, with 25% of H1 sales coming from cross-selling through the "World of Aldar" digital platform.