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Aldar’s profits surge 24% in H1-25; sales reach AED 18.3bn

Aldar’s profits surge 24% in H1-25; sales reach AED 18.3bn
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Abu Dhabi – Mubasher: Aldar Properties achieved net profits after tax valued at AED 4.10 billion in the first half (H1) of 2025, an annual jump of 24% from AED 3.32 billion.

Revenue and rental income hit AED 15.52 billion in H1-25, higher by 42% than AED 10.91 billion a year earlier, according to the financial results.

Basic and diluted earnings per share (EPS) rose to AED 0.45 as of 30 June 2025 from AED 0.35 in H1-24.

Strong group development sales reached AED 18.30 billion in the first six months (6M) of 2025, marking a 31% year-on-year (YoY) leap, due to high demand for existing inventory and five new UAE launches.

Financials for Q2

In the second quarter (Q2) of 2025, the real estate developer generated higher net profits at AED 2.19 billion, compared to AED 1.75 billion in Q2-24.

The revenues hiked to AED 7.73 billion in Q2-25 from AED 5.30 billion in April-June 2024, while the basic and diluted EPS climbed to AED 0.25 from AED 0.19.

Mohamed Khalifa Al Mubarak, Chairman of Aldar, said: “The UAE’s rising population and its growing appeal as a global center for business, talent, and lifestyle are driving significant demand for high-quality real estate — propelling our H1 development sales to AED 18.30 billion and backlog to a record AED 62.30 billion.”

“Aldar is well-positioned to capitalize on this heightened demand through the accelerated growth of our development and investment platforms, which play a significant role in advancing the UAE’s sustainable urban and economic progress,” Al Mubarak mentioned.

During the three-month period that ended on 31 March 2025, Aldar witnessed an annual surge of 22% in net profit after tax to AED 1.90 billion, compared to AED 1.57 billion.