Aldar Properties, Abu Dhabi's largest real estate developer and asset manager, has reported robust first-quarter 2026 results, with net profit after tax climbing 20% year-on-year to AED 2.3 billion ($626 million), on revenues of AED 8.7 billion ($2.4 billion).
The group's liquidity position remains solid at AED 33.2 billion ($9 billion) © Aldar
Aldar Properties, Abu Dhabi's largest real estate developer and asset manager, has reported robust first-quarter 2026 results, with net profit after tax climbing 20% year-on-year to AED 2.3 billion ($626 million), on revenues of AED 8.7 billion ($2.4 billion).
Sales reached AED 6.7 billion ($1.8 billion) in Q1, with international and expatriate buyers accounting for a striking 88% of UAE sales, a testament to Abu Dhabi's enduring appeal as a global destination for property investment. Two major projects were launched in the quarter: The Wilds Residences in Dubai and Baccarat Residences Saadiyat in Abu Dhabi.
The group's development revenue backlog, its clearest indicator of future earnings, hit a record AED 72.1 billion ($19.6 billion), providing strong visibility over the next three years. In April, the launch of Yas Park Place generated over AED 800 million ($218 million) in sales, with 80% of released units sold within the first week.
On the investment side, Aldar's assets under management rose to AED 52 billion ($14.2 billion), supported by high occupancy rates and recent strategic acquisitions including logistics assets at KEZAD and The Link at Masdar City.
The group's liquidity position remains solid at AED 33.2 billion ($9 billion), and shareholders received a dividend of AED 0.205 per share for 2025, up 10.8% year-on-year.
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