The developer reported strong first-half results, supported by revenue recognition from its substantial development backlog, resilient recurring income streams and sustained demand from international buyers across its UAE portfolio.
July 31, 2026 | Tripti Mehta | UAE | Developer | 3 Min Read
Aldar
Aldar has reported an 18% year-on-year increase in net profit after tax to AED 4.9 billion for the first half of 2026, reflecting continued revenue recognition from its development backlog and resilient earnings from its diversified investment portfolio. Group revenue increased 8% to AED 16.8 billion, while EBITDA rose 19% to AED 6.3 billion, underscoring the company’s strong operating performance during the period.
The developer’s development backlog stood at AED 71.6 billion at the end of June, including AED 59.9 billion in the UAE, providing strong revenue visibility over the next two to three years. Earnings per share also increased 17% year-on-year to AED 0.53, reflecting continued progress across the group’s development and investment businesses.
Group development sales reached AED 12.1 billion during the first half of the year, reflecting Aldar’s measured approach to new project launches in response to market conditions. During the second quarter, the company successfully launched Yas Park Place, Al Ghadeer Gardens and The Orchids at Yas Acres, while its international businesses, SODIC in Egypt and London Square in the United Kingdom, recorded strong sales momentum and increased their contribution to overall group performance.
International buyers continued to play a significant role in the company’s residential sales performance. Overseas and expatriate resident customers accounted for 80% of Aldar’s UAE sales, purchasing AED 7.6 billion worth of property during the first half of 2026, highlighting continued confidence in Abu Dhabi as a global investment and living destination.
Recurring income businesses also delivered solid results. Aldar Investment reported an 18% increase in adjusted EBITDA to AED 1.8 billion, supported by high occupancy levels, rental growth and contributions from recent strategic acquisitions. Assets under management increased to AED 56 billion, while the company’s develop-to-hold pipeline expanded to AED 20 billion, supporting future earnings growth across its investment property portfolio.
Commenting on the results, Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said, “Aldar delivered a solid first-half performance, characterised by healthy operating margins, steady revenue growth, and a net profit increase of 18% year on year. These results demonstrate the benefits of a diversified and resilient business model and reinforce the Group’s strong market position built over many years.” He added that the company’s development business continues to generate robust revenue as it progresses on its substantial UAE backlog, while strong demand from international and expatriate buyers and growing recurring income streams position Aldar well for upcoming launches, including homes at Marsa Al Saadiyat, the company’s newly unveiled AED 100 billion waterfront destination.
Looking ahead, Aldar said it remains focused on delivering its residential development backlog and expanding its develop-to-hold pipeline while continuing to strengthen its investment property portfolio. The company also announced Marsa Al Saadiyat and Yas Point during July, reinforcing its long-term growth strategy across Abu Dhabi and its international markets.
Source: Aldar, H1 2026 Financial Results
