Aldar reports 24% rise in H1 net profit, revenue grows 42% YoY

Aldar Properties reported a 24 per cent year-on-year increase in net profit after tax to Dhs4.1bn for H1 2025, driven by strong development sales, the recognition of a record revenue backlog, and continued expansion across its investment platform.

H1 revenue rose 42 per cent year-on-year to Dhs15.5bn, while gross profit grew 39 per cent to Dhs5.3bn.

EBITDA increased 38 per cent to Dhs5.3bn. Net profit before tax reached Dhs4.7bn, up 35 per cent year-on-year, with earnings per share rising 27 per cent to Dhs0.45.

In Q2 alone, Aldar recorded revenue of Dhs7.7bn, up 46 per cent year-on-year, and net profit of Dhs2.2bn, an increase of 25 per cent.

Group development sales hit Dhs18.3bn in H1 2025, up 31 per cent year-on-year, boosted by five new UAE project launches and robust demand for existing inventory.

The development backlog rose to a record Dhs62.3bn, including Dhs53.4bn in the UAE, providing strong visibility for revenue over the next two to three years.

Sales to overseas and expatriate customers reached Dhs14.7bn, accounting for 84 per cent of total UAE sales in H1.

In July, Aldar set a new benchmark with the Dhs400m sale of a mansion at Faya Al Saadiyat, while in May, a residential building in Mamsha Gardens was sold to Hong Kong’s Gaw Capital for Dhs586m, marking the firm’s first UAE investment.

Read: Abu Dhabi’s most expensive home: Aldar sells mansion for Dhs400m

Aldar Development revenue soars 50 per cent in H1

Revenue from Aldar Development rose 50 per cent year-on-year to Dhs11.3bn in H1 2025, with EBITDA increasing 47 per cent to Dhs3.3bn.

Q2 development revenue was up 54 per cent to Dhs5.6bn, as the group continued to execute its revenue backlog.

Project management services backlog hit Dhs86bn at the end of June, with Dhs56.9bn under construction.

UAE sales totalled Dhs17.5bn in H1 2025, rising 35 per cent year-on-year, with Q2 alone contributing Dhs9.0bn, up 32 per cent.

Internationally, Egypt-based SODIC contributed Dhs291m in revenue and Dhs536m in sales, with a backlog of Dhs6.6bn. In the UK, London Square added Dhs710m in revenue and Dhs362m in sales. London Square’s revenue backlog reached Dhs2.3bn, following multiple launches and acquisitions.

Aldar Investment delivers 18 per cent EBITDA growth

Aldar Investment reported H1 revenue of Dhs3.8bn, up 16 per cent year-on-year, with adjusted EBITDA increasing 18 per cent to Dhs1.6bn. In Q2, revenue rose 18 per cent to Dhs1.9bn, while adjusted EBITDA climbed 26 per cent to Dhs789m.

Assets under management reached Dhs47bn, supported by strategic acquisitions including commercial and residential properties in Masdar City.

High occupancy and strong rental growth across asset classes drove performance, with commercial assets at 99 per cent occupancy and residential at 98 per cent.

Retail EBITDA increased 12 per cent in H1 to Dhs277m, with Yas Mall occupancy at 98 per cent and footfall up 15 per cent.

Logistics EBITDA rose 14 per cent to Dhs35m, with further growth expected from newly acquired ALMARKAZ assets and upcoming cold storage facilities.

Hospitality occupancy stood at 70 per cent, with RevPAR up 3 per cent and ADR up 8 per cent. EBITDA declined 4 per cent year-on-year in H1 to Dhs171m, due to asset redevelopments.

Aldar Education’s EBITDA rose 9 per cent to Dhs127m, with enrolment reaching 37,000. Aldar Estates’ EBITDA increased 24 per cent to Dhs192m, driven by synergies across its integrated property and facilities management portfolio.

Robust balance sheet and liquidity

As of June 30, Aldar reported Dhs12.2bn in free cash and Dhs17.5bn in undrawn bank facilities.

A new Dhs500m revolving credit facility raised H1 capital generation to Dhs16.8bn. Customer net promoter score (NPS) rose by 27 per cent during Q2.

Aldar received an MSCI ESG rating upgrade to ‘A’ and was included in the FTSE4Good Index. The company also met its 2026 Emiratisation target ahead of schedule, with Emiratis now representing 44.6 per cent of its workforce.

Environmental achievements include a 30 per cent improvement in energy use intensity and a 24 per cent reduction in embodied carbon. Aldar also recycled 96 per cent of construction and demolition waste.

Aldar partnered with Emirates Steel to source hydrogen-based rebar for Abu Dhabi’s first net zero carbon mosque and signed a Fitwel-certified health-focused masterplan for Fahid Island, which also received LEED Platinum pre-certification.

Commenting on the results, Aldar chairman Mohamed Khalifa Al Mubarak said the company is well-positioned to capitalise on demand for high-quality real estate, supported by the UAE’s macroeconomic fundamentals and growing global profile.

Group CEO Talal Al Dhiyebi added that the company will continue to focus on scaling its development and investment platforms while aligning residential launches with market demand.