Abu Dhabi real estate developer and asset manager Aldar Properties announced a remarkable increase in H1 net profit before tax, rising 35 percent year-over-year to AED4.7 billion ($1.28 billion). Meanwhile, net profit after tax saw a 24 percent year-over-year increase, reaching AED4.1 billion ($1.1 billion). Earnings per share surged by 27 percent year-over-year to AED0.45 in H1, propelled by robust cross-platform earnings growth.
The company achieved notable group development sales of AED18.3 billion in H1, marking a 31 percent year-over-year increase driven by strong demand for existing inventory and five new launches in the UAE: two projects on Fahid Island, Waldorf Astoria Residences Yas, Manarat Living III, and The Wilds in Dubai.
Record development backlog
A record development backlog of AED62.3 billion was reported, which includes AED53.4 billion within the UAE, setting the stage for revenue recognition over the next two to three years. The sustained interest from international buyers is noteworthy, as UAE sales to overseas and expatriate resident customers hit AED14.7 billion, accounting for 84 percent of total H1 UAE sales.
A landmark sale of AED400 million for a mansion at Faya Al Saadiyat in July underscores the appeal of Abu Dhabi’s luxury segment and the growing investment interest from ultra-high-net-worth individuals (UHNWIs). Additionally, a residential building in Mamsha Gardens was sold to Hong Kong private equity firm GAW Capital for AED586 million, showcasing the increasing global institutional investment in the UAE real estate sector.
Positive market conditions, coupled with high occupancy levels and elevated rental rates, led to an 18 percent year-over-year increase in Aldar Investment’s adjusted EBITDA, reaching AED1.6 billion in H1, while assets under management surged to AED47 billion. Commercial and residential assets in Masdar City, acquired through the Mubadala partnership, significantly contributed to the strategic goal of scaling and diversifying the investment properties portfolio.
The logistics platform was enhanced with the AED530 million acquisition of high-quality, income-generating warehousing and light industrial assets in ALMARKAZ Industrial Park in Abu Dhabi. Moreover, Aldar Education expanded its high-quality school offering through a strategic partnership with King’s College School Wimbledon to establish a super-premium K–12 campus on Fahid Island.
Strong liquidity position
Progress in sustainability is evident with an MSCI ESG rating upgrade to ‘A’ from ‘BBB’, along with inclusion in the FTSE4Good Index Series. Aldar’s strong liquidity position is a testament to its prudent growth agenda, featuring AED12.2 billion in free and unrestricted cash, along with AED17.5 billion in committed undrawn bank facilities as of the end of June.
Aldar Development’s revenue in Q2 2025 soared by 54 percent year-over-year to AED5.6 billion. In H1 2025, revenue jumped by 50 percent year-over-year to AED11.3 billion, with EBITDA increasing by 47 percent to AED3.3 billion, primarily driven by the successful execution of the revenue backlog from both new and existing projects. Group sales in Q2 2025 rose by 22 percent to AED9.4 billion, maintaining a strong, sustainable run rate. H1 2025 Group sales were up 31 percent year-over-year to AED18.3 billion, with both existing inventory and new launches—predominantly in the UAE—performing strongly, bolstered by a global sales network and robust domestic demand.
The group revenue backlog reached a record AED62.3 billion at the end of June 2025, an increase from AED54.6 billion in FY 2024, providing strong visibility on both UAE and international revenue over the next two to three years. Furthermore, project management services backlog at the end of June 2025 stood at AED86.0 billion, with AED56.9 billion currently under construction, reflecting a strong pipeline of government investment in infrastructure and housing. The platform effectively manages a large portfolio of projects at various stages of development for both the Government of Abu Dhabi and Aldar.
