Aldar Properties achieved an 8% growth in net profit for the third quarter of 2020 to reach 416 million dirhams.
According to Arabia Net, the largest real estate development company by market value in the UAE stated that the profit growth is due to record sales of residential properties recorded by the company in its main market Abu Dhabi during the third quarter of the year.
The data showed that the house's revenues increased by 30% year-on-year to reach 2.1 billion dirhams during the third quarter of 2020.
Aldar achieved a 7% year-on-year increase in sales of development projects to reach 1.2 billion dirhams during the third quarter.
Al-Dar has allocated 60 million dirhams to support residential unit buyers and tenants by providing competitive financing products in the market, lease-to-own offers, monthly rent payment plans, and convenient rental payment options. .
