New Launch - India Real Estate Report 2026.

Aldar Reports 18% Rise in H1 Net Profit to AED4.9bn

Aldar reported a strong financial and operational performance for the first half of 2026, with net profit after tax rising 18% year-on-year to AED4.9 billion. The growth was supported by revenue recognition from its development backlog, resilient earnings from its diversified investment property portfolio and continued expansion of its regional and international businesses.

Earnings per share also increased 17% year-on-year to AED0.53 during the first half. The developer continued to benefit from healthy operating margins, sustained customer demand and rising occupancy across its income-generating assets.

Development sales reached AED12.1 billion during the first six months of the year. Aldar maintained a measured launch strategy in the UAE, introducing three successful projects during the second quarter while responding to prevailing market conditions.

The company's development backlog stood at AED71.6 billion at the end of June, including AED59.9 billion in the UAE, providing strong revenue visibility over the next two to three years.

Major Projects Expand Development Pipeline

In July, Aldar unveiled Marsa Al Saadiyat, activating the final phase of Saadiyat Island's masterplan with a gross development value of AED100 billion, of which Aldar will develop AED60 billion. Launches for the project are scheduled to begin during the second half of 2026.

The company also announced Yas Point, a mixed-use waterfront community valued at AED6 billion on Yas Island, and introduced its first residential development, The Canopies.

International and expatriate buyers continued to play a significant role in demand, accounting for AED7.6 billion or 80% of UAE sales during the first half. Aldar's international businesses also delivered strong momentum, with sales at SODIC and London Square increasing 171% and 236%, respectively, compared with the previous year.

Investment Business Records Continued Growth

Aldar Investment reported an 18% increase in adjusted EBITDA to AED1.8 billion during H1 2026. Growth was driven by high occupancy levels, rental increases and strategic acquisitions, including a logistics portfolio at KEZAD and The Link at Masdar City. Assets under management increased to AED56 billion, while the company's develop-to-hold pipeline reached AED20 billion following the addition of five new projects during the second quarter.

Among its new initiatives, Aldar entered a AED2.8 billion partnership with Abu Dhabi's Department of Municipalities and Transport to develop 9,000 value housing rental units. The company also acquired a residential and community retail development project in Dubai Studio City and continued expanding its education portfolio through new school developments.

Also Read: Aldar Launches The Orchids At Yas Acres In Abu Dhabi

Strong Liquidity Supports Future Growth

Aldar further strengthened its financial position by closing an AED5 billion sustainability-linked revolving syndicated credit facility in April. The company ended the first half with liquidity of AED37.1 billion, comprising AED16.8 billion in unrestricted cash and AED20.3 billion in committed undrawn bank facilities.

Management stated that the combination of a substantial development backlog, expanding investment portfolio and continued demand from international buyers positions the company well for future project launches and long-term growth.