Today's Edition
ABU DHABI (ALETIHAD)
Aldar Properties posted a net profit of Dh2.3 billion for the first quarter of 2026, marking a 20% rise from the first quarter of 2025.
According to the results released on Tuesday, Aldar’s gross revenues reached Dh8.7 billion, representing a 12% year-on-year increase.
Gross profit rose to Dh3.3 billion, up 19% year-on-year, while EBITDA reached Dh3 billion, reflecting a 22% increase, underlining the strength of the company’s diversified business model.
“The performance was driven by realisation of development revenue backlog and resilient earnings from a diversified, defensive investment properties portfolio,” the company said.
Earnings per share for the period increased 25% year-on-year to Dh0.25, highlighting continued value creation for shareholders.
Mohamed Khalifa Al Mubarak, Chairman of Aldar, said: “We extend our sincere appreciation to the UAE’s wise leadership for their unwavering commitment to safeguarding all people who call the UAE home, and for their proactive and decisive approach in reinforcing stability, supporting businesses, and maintaining a secure environment.
“Abu Dhabi continues to demonstrate strong economic fundamentals, underpinned by policy clarity, long-term vision, and sustained investment across key sectors. The emirate’s resilience, coupled with its enduring global appeal as a destination to live, work, and invest, provides a solid foundation for continued growth.
“Aldar’s first-quarter performance demonstrates the strength of our business model, which has evolved over time to ensure we are well-positioned to navigate counter-cyclical pressures as well as unforeseen external events. The Group delivered robust earnings growth while benefiting from the defensive characteristics of a diversified platform. The record development backlog of Dh72.1 billion, and a high-quality and growing base of recurring income assets now valued at Dh52 billion, provide strong clarity for future income generation.
“With a strong liquidity position and financial flexibility, we will capture the opportunities that lie ahead and remain confident in our ability to deliver sustainable long-term returns for our shareholders.”
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, added: “The UAE economy continues to demonstrate remarkable resilience, supported by decisive leadership and a coordinated policy response, including measures to reinforce market stability and confidence. Within this environment, Aldar ensured the safety of its people and communities while maintaining operational continuity and delivering a strong first quarter.
“With a strong balance sheet and liquidity position, we will continue to deliver long-term value creation for our shareholders and communities.”
