Aldar Properties reported a 19% year-on-year increase in net profit after tax to AED 7.1 billion for the first nine months of 2026, supported by a growing development revenue backlog and steady earnings from its diversified investment property portfolio.
The results reflected continued growth across the group’s development and investment businesses, as demand for its residential projects remained strong and income-generating assets made a stable contribution to earnings.
Earnings per share rose 20% year-on-year to AED 0.77 during the nine-month period, alongside growth in development sales and the continued expansion of Aldar’s investment portfolio in the UAE and international markets.
Aldar Properties’ Sales Reach AED 18.9 Billion
Aldar recorded development sales of AED 18.9 billion during the first nine months of 2026, including AED 6.8 billion in the third quarter, as demand continued for newly launched projects and available units within its existing inventory.
Development sales in the UAE reached AED 14.4 billion during the nine-month period, while Aldar’s UAE sales have exceeded AED 20 billion since the beginning of the year.
The third quarter saw an increase in new project launches, with Aldar introducing seven developments, bringing the total number of projects launched since the start of 2026 to 12.
The accelerated launch activity followed a measured approach during the first half of the year, with the company responding to continued demand for new residential developments and properties within its existing portfolio.
AED 71.6 Billion in Backlog Supports Future Growth
Aldar’s development revenue backlog reached AED 71.6 billion at the end of September 2026, including AED 59.3 billion associated with projects in the UAE.
The backlog provides visibility into revenue expected to be recognized over the next two to three years as development projects progress toward completion.
Aldar Development also expanded its long-term project pipeline with the announcement of new destinations, including Marsa Saadiyat, where the company is undertaking developments valued at AED 60 billion.
Another addition is Yas Point, which has a development value of AED 6 billion.
The new destinations form part of Aldar’s expanding development portfolio in Abu Dhabi and add to the pipeline of projects expected to support its business over the coming years.
International Expansion Boosts Aldar Group Sales
Aldar’s international businesses continued to expand during the first nine months of 2026, with SODIC and London Square recording significant increases in sales and making a growing contribution to the group’s overall performance.
SODIC reported a 99% year-on-year rise in sales, while London Square recorded growth of 177% over the same period.
The results reflected the continued development of Aldar’s international operations alongside its activities in the UAE.
In September 2026, Aldar also announced a strategic partnership with Arada, creating development opportunities worth AED 11 billion for a joint project between the two companies in Seih Al Sdeirah.
The partnership included the sale of land plots on Yas Island to Arada, adding to Aldar’s development partnerships and activities in Abu Dhabi.
Aldar Investment’s Assets Under Management Rise to AED 57 Billion
Aldar Investment recorded a 21% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to AED 2.8 billion during the first nine months of 2026.
The increase was supported by higher occupancy rates and rental growth across its investment property portfolio.
Strategic acquisitions and the completion of assets within Aldar’s develop-to-hold portfolio also contributed to the expansion of its recurring income base.
Assets under management at Aldar Investment rose to AED 57 billion, following new acquisitions and the completion of several projects.
Among the completed assets were a temperature-controlled storage and distribution facility for Emirates Snack Foods and the first phase of a Grade A logistics park at National Industries Park in Dubai.
These additions expanded Aldar’s investment portfolio and strengthened its recurring income activities alongside the group’s property development operations.
Abu Dhabi Continues to Attract International Investors
H.E. Mohamed Khalifa Al Mubarak, Chairman of Aldar, highlighted Abu Dhabi’s economic fundamentals and long-term development vision as important factors supporting the emirate’s continued appeal as a destination for living, working and investment.
He said: “Abu Dhabi continues to demonstrate the strength of its economic fundamentals, supported by a clear long-term vision, sustained investment in infrastructure, improvements in modern lifestyles, and the development of an advanced business environment. These strengths continue to reinforce the emirate’s attractiveness as a place to live, work and invest.
“Aldar’s performance reflects the strength of these fundamentals, alongside the carefully considered investment decisions we have made over the years to build a more diversified and resilient business.
“With our development revenue backlog reaching AED 71.6 billion and assets under management standing at AED 57 billion, we have succeeded in building a strong business foundation that provides clear visibility into future earnings.
“As Abu Dhabi accelerates progress toward its economic, social and cultural ambitions, we remain focused on contributing to its development through strategic partnerships, disciplined investment, and the development of high-quality communities and assets that deliver sustainable value to our shareholders and the people and communities we serve.”
His remarks reflected the group’s continued focus on long-term investment, the development of its business portfolio and its contribution to Abu Dhabi’s economic and social development.
International Buyers and Foreign Residents Support Demand
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said the company’s performance during the first nine months of 2026 reflected the growing strength and maturity of its operations, as well as its ability to maintain growth while responding to changing market conditions.
He said: “Aldar’s performance during the first nine months of the year reflects the growing strength and maturity of our business, and our ability to sustain growth and navigate changing market conditions with a disciplined approach.
“Having adopted a measured approach to launching new projects during the first half of the year, we accelerated the pace of launches in the third quarter. Demand for our new residential projects remains strong, with international buyers and foreign residents accounting for 78% of sales from our development projects in the UAE, confirming Abu Dhabi’s continued appeal to a broad and diverse range of buyers.
“Alongside this momentum, we remain focused on delivering our development projects, which represent a substantial revenue backlog, while investments made in recent years in our recurring income businesses are making an increasing contribution to the group’s earnings.
“Our develop-to-hold portfolio, valued at AED 21.3 billion, provides further opportunities to grow and diversify these income streams, strengthening the resilience of our business and supporting its growth over the coming years.
“As we enter the final quarter of the year, we have a clear focus on executing our plans, converting sustained customer demand into sales, and progressing our growing development and investment portfolios.
“Our broad and diversified business provides strong foundations to sustain growth and capitalize on new opportunities, while maintaining a disciplined approach to capital allocation and delivering sustainable long-term value.”
International buyers and foreign residents accounted for 78% of sales from Aldar’s development projects in the UAE, highlighting the continued demand for residential properties in Abu Dhabi among a wide range of buyers.
The company maintained its focus on completing projects within its development backlog while expanding the contribution of recurring income businesses to group earnings.
AED 21.3 Billion Portfolio to Strengthen Recurring Income
Aldar continued to develop its recurring income businesses during the nine-month period, supported by investments made over recent years and the expansion of its income-generating property assets.
The group’s develop-to-hold portfolio is valued at AED 21.3 billion, providing opportunities to increase and diversify recurring income over the coming years.
The portfolio forms part of Aldar’s efforts to strengthen the resilience of its business through a combination of development revenue and earnings generated by investment assets.
As projects within the portfolio reach completion and become operational, they are expected to provide additional opportunities for recurring income growth.
Aldar is also progressing its existing development projects while continuing to expand its investment portfolio, with both businesses contributing to the group’s broader growth plans.
Positive Outlook for Aldar Properties’ Growth
Aldar enters the final quarter of 2026 with a substantial development backlog, an expanding investment portfolio and continued demand for its residential projects.
The group remains focused on implementing its plans, converting customer demand into sales and advancing its growing portfolios of development and investment projects.
Its AED 71.6 billion development revenue backlog provides visibility into expected revenue over the next two to three years, while AED 57 billion in assets under management supports the continued growth of its investment activities.
The group’s international operations, new development destinations and strategic partnerships also remain part of its expanding business portfolio.
With net profit reaching AED 7.1 billion in the first nine months of 2026, up 19% year-on-year, Aldar Properties continues to build on the performance of its development and investment businesses, supported by strong property sales, a substantial project pipeline and a diversified portfolio of income-generating assets.
