Abu Dhabi real estate giant Aldar Properties has announced a strong financial performance for the first half of the year, reporting an 18 per cent jump in net profit to Dh4.9 billion. This upward trajectory was largely driven by the company’s extensive development backlog, which reached Dh71.6 billion by the end of June, alongside consistent returns from its investment property portfolio. While the developer intentionally paced its new project launches—leading to a year-on-year decline in new sales—international and expatriate buyers continued to fuel demand, accounting for 80 per cent of its total UAE sales.

The group’s diversified strategy remains a key engine for its financial health, with revenue climbing to Dh16.8 billion for the six-month period. Management highlighted that while the UAE market remains central to their operations, international expansion through Egypt’s SODIC and the UK’s London Square has provided significant momentum. With robust occupancy rates across its commercial and residential assets and a strengthened balance sheet bolstered by a new Dh5 billion sustainability-linked credit facility, Aldar is well-positioned to sustain this growth as it continues to capitalize on Abu Dhabi’s ongoing infrastructure and economic expansion.