Aldar Properties reports 7.1 billion dirham net profit for nine months

Aldar Properties disclosed net profit after tax of 7.1 billion dirhams for the nine months ended 30 September 2026, an increase of 19 percent compared with the same period in 2025. The company reported revenues of 26.2 billion dirhams for the period, up 11 percent year-on-year, according to a disclosure published on 27 October 2026.

Development sales reach 18.9 billion dirhams#

The group recorded development sales of 18.9 billion dirhams during the nine-month period, of which 6.8 billion dirhams were generated in the third quarter. Sales within the United Arab Emirates totalled 14.4 billion dirhams. Aldar launched seven projects during the third quarter, bringing the total number of projects released since the start of the year to twelve. The company reported a development revenue backlog of 71.6 billion dirhams as at 30 September 2026, of which 59.3 billion dirhams relates to projects in the UAE.

Third quarter revenues rise 16 percent#

For the three months ended 30 September 2026, Aldar reported revenues of 9.3 billion dirhams, up 16 percent year-on-year, and net profit after tax of 2.3 billion dirhams, an increase of 21 percent. Gross profit for the nine-month period rose 19 percent to 9.6 billion dirhams, while earnings before interest, tax, depreciation and amortisation increased 20 percent to 9.4 billion dirhams. Earnings per share for the nine months stood at 0.77 dirhams, up 20 percent compared with the prior year period.

Development and investment segments both record growth#

Aldar Development reported revenues of 19.4 billion dirhams for the nine months, an increase of 14 percent, with EBITDA rising 21 percent to 6.1 billion dirhams. Third quarter revenues for the development segment reached 7 billion dirhams, up 20 percent year-on-year. Aldar Investment recorded revenues of 6.5 billion dirhams for the nine-month period, up 13 percent, with adjusted EBITDA increasing 21 percent to 2.8 billion dirhams. Investment segment revenues for the third quarter rose 16 percent to 2.3 billion dirhams, with adjusted EBITDA up 27 percent to approximately one billion dirhams.

International and foreign resident buyers account for 78 percent of UAE sales#

Sales to international and foreign resident buyers totalled 11.3 billion dirhams during the nine months, representing 78 percent of total sales within the UAE. Talal Al Dhiyebi, chief executive of Aldar, stated in the disclosure that the results reflect sustained demand for the company's residential projects and the increasing share of international and foreign resident purchasers, confirming Abu Dhabi's appeal to a diverse buyer base.