Aldar Reports 30% Profit Surge to Dhs6bn in First Nine Months of 2025

Aldar Properties, one of the UAE’s leading real estate developers, has posted a robust 30 per cent year-on-year rise in net profit after tax to Dhs6bn ($1.63bn) for the first nine months of 2025, buoyed by strong performance across its development and investment divisions.

Revenue for the period climbed 43 per cent to Dhs23.6bn, while gross profit reached Dhs8.1bn and EBITDA stood at Dhs7.8bn, reflecting 43 per cent and 44 per cent year-on-year increases, respectively.

In the third quarter alone, Aldar recorded Dhs8bn in revenue—up 44 per cent from the same period last year—and a net profit of Dhs1.9bn, marking a 49 per cent jump.

The company’s development business continued to drive results, achieving sales of Dhs28.5bn during the first nine months, up 19 per cent compared to 2024. UAE sales accounted for Dhs26.5bn of this total, supported by high demand for new projects such as Fahid Beach Terraces, Rise by Athlon, and Al Deem Townhomes.

Aldar also reported record quarterly UAE sales of Dhs9.1bn in Q3, with overseas and expatriate buyers making up 77 per cent of total UAE sales—equivalent to Dhs20.4bn for the period. Its development revenue backlog rose to an all-time high of Dhs66.5bn, providing solid visibility for the next two to three years.

“Aldar’s exceptional performance in the first nine months of the year reflects the strength of the UAE’s economic momentum and the scalability of our diversified business model,” the company said in a statement. “Our record Dhs66.5bn backlog underscores the depth of demand for our residential communities.”

Strong investment and liquidity position
Aldar Investment reported adjusted EBITDA of Dhs2.3bn, up 17 per cent year-on-year, driven by high occupancy rates, rental growth, and contributions from recent acquisitions. Assets under management rose to Dhs47bn by the end of September.

The company maintained a solid liquidity position, with Dhs12.3bn in free cash and Dhs17.4bn in undrawn bank facilities. Liquidity was further boosted by two Q3 transactions worth Dhs1.8bn, including a $290m tap on existing green sukuks and a £150m revolving credit facility secured by its UK unit, London Square.

Aldar Development’s revenue surged 50 per cent to Dhs17.1bn, supported by international contributions from Egypt’s SODIC (Dhs711m) and London Square (Dhs1.1bn). Meanwhile, Aldar Investment Properties posted a 28 per cent rise in Q3 adjusted EBITDA to Dhs516m, aided by near-full occupancy of 97 per cent.

The company also advanced its sustainability and Emiratisation goals, cutting energy use intensity by 31 per cent, recycling 86 per cent of construction waste, and hiring 1,430 UAE nationals since 2021—exceeding its NAFIS targets.

Shares of Aldar traded flat on the Abu Dhabi Securities Exchange following the announcement.