Aldar's Financial Surge
Aldar Reports 18% H1 Profit Surge to AED 4.9 Billion Amid Robust Growth
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Key Points
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Second-quarter EBITDA rose 18% year-on-year to AED 3.3 billion, with quarterly revenue of AED 8.1 billion.
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International growth contributed more to group sales, with SODIC and London Square delivering H1 2026 sales increases of 171% and 236% respectively.
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Aldar unveiled Marsa Al Saadiyat on Saadiyat Island (AED 100 billion GDV; Aldar to develop AED 60 billion) and Yas Point on Yas Island (AED 6 billion), with launches expected in the second half of 2026; The Canopies was launched as its first development.
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Aldar Investment’s assets under management rose to AED 56 billion in the first half, and its H1 2026 adjusted EBITDA rose 18% to AED 1.8 billion, supported by high occupancy and acquisitions including a KEZAD logistics portfolio and The Link at Masdar City.
Abu Dhabi developer Aldar Properties posted an 18% jump in net profit to AED 4.9 billion in the first half of 2026, with revenue climbing 8% to AED 16.8 billion, according to Trade Arabia. The results came even as UAE sales slowed, with Aldar choosing to launch fewer projects and instead lean on a massive development backlog of AED 71.6 billion that secures revenue visibility for the next two to three years.
In the second quarter alone, net profit rose 10% year-on-year to AED 2.16 billion on revenue of AED 8.15 billion, Market Watch reported. EBITDA — earnings before interest, taxes, depreciation, and amortization — climbed 18% to AED 3.3 billion in Q2.
Aldar Slows UAE Launches but Backlog Stays Massive
Aldar pulled back on new project launches in the UAE during H1 2026, a deliberate choice by management to stay disciplined. Yet the development backlog held firm at AED 71.6 billion, with the bulk sitting inside the UAE. That backlog acts like a pipeline — it tells investors how much future revenue is already locked in.
Overseas and expatriate buyers drove about 80% of UAE sales, showing strong international appetite for Abu Dhabi property. Management pointed to a clear long-term strategy and disciplined investments as the engine behind growth, according to Index Box.
International Units SODIC and London Square Surge
While UAE sales dipped, Aldar's international arms picked up the slack in a big way. Egypt-based SODIC grew H1 2026 sales by 171% compared to a year earlier. UK developer London Square did even better, surging 236%, according to Trade Arabia.
Together, these units broadened Aldar's revenue base beyond Abu Dhabi. The strong overseas numbers helped offset the slower pace of UAE launches and showed that Aldar's push into new markets is paying off faster than expected.
Saadiyat and Yas Island Megaprojects Unveiled
Aldar unveiled two headline projects set to reshape its pipeline. Marsa Al Saadiyat on Saadiyat Island carries a total gross development value of AED 100 billion. Aldar will develop AED 60 billion of that itself. Yas Point on Yas Island adds another AED 6 billion project to the mix, with both launches expected in the second half of 2026, Market Watch reported.
The first development inside Marsa Al Saadiyat, called The Canopies, has already launched. These projects sit inside Aldar's growing develop-to-hold pipeline — meaning Aldar builds and then keeps the assets rather than selling them, generating long-term rental income.
Aldar Investment Hits AED 56 Billion in Managed Assets
Aldar's investment arm had a strong first half. Assets under management rose to AED 56 billion by the end of H1 2026. Adjusted EBITDA for the division climbed 18% year-on-year to AED 1.8 billion, supported by high occupancy rates across its portfolio, according to Voice of Emirates.
Two key acquisitions fueled the growth: a KEZAD logistics portfolio and The Link at Masdar City. These deals added stable, income-generating assets to the book. The Abu Dhabi property market remains buoyant, giving Aldar a favorable backdrop as it expands both its development and investment businesses.
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