Abu Dhabi’s MAIR Group Reports Strong H1 Growth Driven by Retail and Real Estate
Abu Dhabi-based MAIR Group has delivered a strong performance for the first half of the year, reporting a 14.8 percent increase in net profit to Dh93.9 million. This growth was fueled by a robust uptick in revenue, which climbed to Dh1.08 billion, alongside notable contributions from its retail arm and Makani commercial real estate portfolio. The second quarter was particularly impressive, with net profits surging by 38.5 percent to Dh41.9 million, as the company effectively leveraged operational efficiencies and strategic expansions to bolster its bottom line.
The group's retail division, ADCOOP, saw consistent sales growth and a steady expansion of its footprint, including the opening of a new location in Kalba and the successful launch of over 200 private-label products. Meanwhile, Makani Real Estate achieved a 12.6 percent revenue boost, supported by an optimized tenant mix and the addition of new community centers in Dubai and Abu Dhabi. With a healthy cash position of Dh180 million, MAIR Group’s leadership remains confident that these gains validate their ongoing investment strategy and long-term transformation goals.