ABU DHABI (ALETIHAD)
Aldar has added strategic land plots across Abu Dhabi with a combined gross development value of approximately Dh23 billion, strengthening its landbank and extending the company’s long-term development pipeline in the emirate, according to statement issued by the company on Monday.
The newly added sites span more than 2.3 million square metres and are expected to deliver around 3,000 new homes across locations on Saadiyat Island, Yas Island and areas adjacent to Yas Island. Aldar said the land plots provide flexibility to deliver a diverse range of residential products, supporting long-term population growth and housing demand in the capital.
Plots on Saadiyat Island are suited to luxury residential developments, including large-format villas and mansions, benefiting from proximity to cultural, leisure and beachfront destinations. The Yas Island plots offer scope for large-scale, master-planned communities focused on family living, supported by established retail, entertainment and lifestyle infrastructure.
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: “The expansion of our Abu Dhabi landbank reflects our strong conviction in the market’s long-term fundamentals and the depth of opportunity across the capital. By building on our existing destinations and extending into new growth corridors, these sites enable us to deliver a diverse range of high-quality communities aligned with sustained demand.
"We expect this portfolio to generate attractive long-term returns for our shareholders, while supporting Abu Dhabi’s continued evolution as a leading international business and lifestyle destination.”
Aldar said the developments will be launched and brought to market in a phased manner aligned with demand conditions, with the first project launches expected from 2026 onwards. The company said this disciplined phasing is intended to support resilient absorption rates, enhance visibility on medium- to long-term revenue and earnings growth, and maintain flexibility across market cycles.
The land additions form part of Aldar’s wider growth strategy, which is anchored by a high-quality landbank in core markets. The company said it continues to focus on replenishing its landbank and activating land into integrated communities aligned with Abu Dhabi’s long-term vision and economic development.
Aldar added that the land plots will be activated through a joint venture structure with an established partner, allowing for efficient capital deployment, while Aldar retains responsibility for the full development, sales and delivery lifecycle of the projects.