UAE’s Aldar Properties Reports $599 Million Profit in Q2, Beats Forecasts
Aldar Properties, a major real estate company in Abu Dhabi, made a net profit of $599 million (AED 2.2 billion) in the second quarter of the year. This is a 25% increase compared to the same time last year, thanks to strong property sales and more income from its investment properties.
Q2 Financial Highlights
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The profit was higher than what experts expected, which was $495.5 million (AED 1.82 billion).
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Revenue grew by 46% from last year to $2.1 billion (AED 7.7 billion).
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Total property sales in Q2 went up by 32% to $2.5 billion (AED 9 billion).
First Half of the Year
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Net profit for the first half of the year rose 24% to $1.1 billion (AED 4.1 billion).
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Sales increased by 35% to $4.8 billion (AED 17.5 billion).
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The company had $3.3 billion (AED 12.2 billion) in available cash and $4.8 billion (AED 17.5 billion) in unused bank credit by the end of June.
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Assets under management reached $12.8 billion (AED 47 billion).
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Aldar’s project backlog grew to $17 billion (AED 62.3 billion), most of which is in the UAE.
Record Sale
Last week, Aldar sold an eight-bedroom luxury mansion in Faya Al Saadiyat for $108.9 million (AED 400 million). It’s believed to be the most expensive home ever sold in Abu Dhabi.
Green Sukuk Bonds
In March, Aldar Investment Properties, a part of Aldar, raised $500 million by selling green sukuk (Islamic bonds) that will mature in 10 years. The demand was strong, with the bonds oversubscribed 7.2 times.
This was the third green sukuk under Aldar’s $2 billion bond program launched in May 2023. Strong investor interest was supported by Moody’s investment-grade credit ratings for both Aldar and its investment arm.
Published: 30th July 2025
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