Aldar Properties, listed on the Abu Dhabi Securities Exchange, announced its financial results for the first half of 2026, with net profit rising by 18% to AED 4.9 billion and revenues reaching AED 16.8 billion, an increase of 8%.
The company launched development projects worth AED 100 billion on Saadiyat Island and AED 6 billion on Yas Island.
Aldar also entered into partnerships and acquisitions with a total value exceeding AED 4.5 billion. Sales to international buyers and foreign residents in the first half of the year reached AED 7.6 billion, representing 80% of total sales.
The following are the group's key results for the second quarter and the first half of 2026:
Net profit after tax in the first half rose 18 percent year-on-year to AED 4.9 billion, thanks to the recording of revenues from development projects under execution and the stable profits achieved by the diversified investment property portfolio.
Earnings per share rose by 17% year-on-year to reach AED 0.53 during the first half of the year.
The group recorded development sales of AED 12.1 billion during the first half, reflecting a balanced approach to launching new projects in the UAE in response to market conditions, with three successful projects launched in the country during the second quarter.
The cumulative revenues for development projects reached AED 71.6 billion by the end of June, of which AED 59.9 billion was for projects in the UAE, providing a clear view of the revenues that will be recorded over the next two to three years.
The company's projects in the UAE have attracted continued interest from international customers, with sales to international buyers and foreign residents reaching AED 7.6 billion during the first half, representing 80% of total sales in the country.
Aldar’s two international companies, SODIC and London Square, have strengthened their contribution to the group’s sales, with their sales growing by 171% and 236% respectively during the first half of 2026.
In July, Aldar unveiled Saadiyat Marina, launching the final phase of the Saadiyat Island master plan with a total development value of AED 100 billion. Aldar will develop projects worth AED 60 billion of this, with launches scheduled for the second half of the year. The group also announced Yas Point, a AED 6 billion mixed-use waterfront destination on Yas Island, and launched its first residential project within the destination, The Canopies.
Aldar Investment recorded an 18% year-on-year growth in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) during the first half of 2026, reaching AED 1.8 billion, supported by higher occupancy rates, rental growth and recent strategic acquisitions, including a logistics portfolio in Keys Ad and The Link buildings in Masdar City during the second quarter.
The value of assets managed by Aldar Investment rose to AED 56 billion. The value of its development and retention portfolio, which supports future income growth, reached AED 20 billion.
One billion dirhams after adding five new projects during the second quarter and completing a facility for Emirates Snack Foods.
In the most notable development and retention project announcements during the second quarter, Aldar and the Abu Dhabi Department of Municipalities and Transport entered into a partnership worth AED 2.8 billion to develop 9,000 rental housing units within the Affordable Housing Solutions project, while in Dubai, Aldar acquired a residential project and community retail facility in Dubai Studio City.
The company continues to invest in the education sector through plans to establish a British school in the new Al Ghadeer Gardens project, and to move Cranley Abu Dhabi School to a modern, fully-equipped facility on Saadiyat Island.
In April, the company closed a AED 5 billion sustainability-linked revolving credit facility. This move strengthened the group’s liquidity position, which stood at AED 37.1 billion, comprising AED 16.8 billion in available and unrestricted cash and AED 20.3 billion in confirmed and undrawn bank facilities.
For his part, Chairman of the Board of Directors of Aldar, Mohamed Khalifa Al Mubarak, said that the performance achieved by the group during the first half embodies the success of a long-term investment strategy that contributed to building a diversified business system based on exceptional financial solvency, stressing that this diversification enabled Aldar to benefit from the rapid growth that Abu Dhabi is witnessing, in light of the continued demand for its projects, the high occupancy rates and rental growth in its investment portfolio of AED 56 billion, which supports the continued achievement of sustainable growth and long-term value for shareholders and the communities it serves.
Commenting on the results, Aldar Group CEO Talal Al Dhiyabi said: “The results for the first half reflect the strength and diversification of the Group’s business model, driven by revenue growth and an 18% increase in net profit, the continued momentum of development work in the UAE and the accelerated growth of activities in the UK and Egypt, along with strong demand from international buyers and foreign residents for new projects, and Aldar’s continued investment in enhancing recurring income across its investment portfolio.”
He stressed the continued focus during the next phase on completing the projects under implementation, finalizing the portfolio of development and retention projects, and enhancing long-term value based on the financial solvency and operational capabilities of the group.
Strong growth in international business
The group’s two international arms, SODIC in Egypt and London Square in the United Kingdom, boosted their contribution to the financial results, with SODIC sales rising by 171 percent and London Square sales jumping by 236 percent during the first half of the year.
An investment portfolio worth AED 56 billion
For its part, Aldar Investment continued to achieve growth in recurring income, as adjusted earnings before interest, taxes, depreciation and amortization rose by 18 percent to AED 1.8 billion, supported by higher occupancy rates, rental growth and the completion of a number of strategic acquisitions.
The value of assets managed by the company reached AED 56 billion, while the value of the development and retention projects portfolio increased to AED 20 billion after the addition of five new projects during the second quarter.
New strategic projects
In July, Aldar unveiled the master plan for Saadiyat Marina, a development with a total value of AED 100 billion, of which the company will develop projects worth AED 60 billion. It also announced the AED 6 billion Yas Point mixed-use project on Yas Island and launched its first residential project, The Canopies.
Strong liquidity supports expansion
The group strengthened its financial position by closing a AED 5 billion sustainability-linked revolving credit facility, bringing available liquidity to AED 37.1 billion, including AED 16.8 billion in cash and AED 20.3 billion in undrawn bank facilities.
