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Abu Dhabi-based developer Aldar Properties reported a 30 per cent year-on-year increase in net profit after tax to Dhs6bn ($1.63bn) for the first nine months of 2025, driven by strong growth across both its development and investment platforms.
Revenue for the period climbed 43 per cent year-on-year to Dhs23.6bn, while gross profit and EBITDA each rose 43 per cent and 44 per cent, respectively, to Dhs8.1bn and Dhs7.8bn.
For Q3 alone, Aldar posted Dhs8bn in revenue, up 44 per cent, and Dhs 1.9bn in net profit, a 49 per cent increase from a year earlier.
Aldar’s development sales reached Dhs28.5bn in the nine-month period, up 19 per cent year-on-year, with UAE sales accounting for Dhs 26.5bn.
The company reported record quarterly UAE sales of Dhs 9.1bn in Q3 2025, supported by demand for new launches including Fahid Beach Terraces, Rise by Athlon, and Al Deem Townhomes.
Sales to overseas and expatriate buyers made up 77 per cent of total UAE sales, amounting to Dhs 20.4bn for the period. Aldar’s development revenue backlog rose to an all-time high of Dhs66.5bn, including Dhs57.3bn in the UAE, providing strong visibility over the next two to three years.
“Aldar’s exceptional performance in the first nine months of the year reflects the strength of the UAE’s economic momentum and the scalability of our diversified business model,” said the company. “Our record Dhs 66.5bn backlog underscores the depth of demand for our residential communities, while our Dhs17.6bn develop-to-hold pipeline reflects the scale and breadth of our long-term investment strategy.”
Aldar divisions: Key highlights
The Aldar Investment platform reported adjusted EBITDA of Dhs2.3bn, up 17 per cent year-on-year, driven by high occupancy, rising rental rates, and contributions from strategic acquisitions. Assets under management stood at Dhs47bn at the end of September 2025.
The company maintained a strong liquidity position, with Dhs12.3bn in free and unrestricted cash and Dhs17.4bn in committed undrawn bank facilities.
Liquidity was further strengthened through two transactions in the third quarter totaling Dhs1.8bn, including a USD 290m tap on existing green sukuks and a GBP 150m revolving credit facility secured by its UK unit, London Square.
Aldar Development, which covers property development and sales in the UAE, Egypt, and the UK, saw revenue increase 50 per cent year-on-year to Dhs 17.1bn for the nine-month period. Its international units SODIC and London Square contributed Dhs711m and Dhs1.1bn in revenue, respectively.
In the investment segment, Aldar Investment Properties’ adjusted EBITDA rose 28 per cent year-on-year to Dhs516m in Q3 2025, supported by portfolio expansion and near-full occupancy of 97 per cent.
Growth was also driven by new commercial and residential assets in Masdar City, the acquisition of 6 Falak, and ongoing development projects such as Yas Business Park, due for completion in 2027.
Aldar’s Hospitality portfolio posted a 4 per cent rise in revenue per available room (RevPAR) and 8 per cent growth in average daily rates (ADR), though EBITDA for the nine-month period slipped 2 per cent due to ongoing asset transformation projects. Aldar Education reported a 12 per cent like-for-like increase in nine-month adjusted EBITDA, with enrolment across its operated schools rising 14 per cent to 17,900 students.
Aldar continued to strengthen its ESG commitments, achieving a 31 per cent improvement in energy use intensity, reducing embodied carbon in materials by 29 per cent, and recycling 86 per cent of construction waste.
The group also exceeded its NAFIS Emiratisation commitment, hiring 1,430 UAE nationals since 2021.
Shares of Aldar were last trading flat on the Abu Dhabi Securities Exchange.
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