Abu Dhabi – Mubasher: Aldar Properties generated net profits after tax valued at AED 2.29 billion in the first quarter (Q1) of 2026, up 20% year-on-year (YoY) from AED 1.90 billion, according to the financial results.
The higher gains were driven by realization of development revenue backlog and resilient earnings from a diversified, defensive investment properties portfolio.
Likewise, the earnings per share increased by 25% YoY to AED 0.25 in Q1-26 from AED 0.20, while the revenues and rental income hiked by 12% YoY to AED 8.73 billion from AED 7.79 billion.
In April, Aldar distributed a dividend of AED 0.20 per share for 2025, representing a 10.80% YoY increase and a total payout of AED 1.61 billion.
Chairman of Aldar, Mohamed Al Mubarak, commented on the quarterly results: “Aldar’s Q1 performance demonstrates the strength of our business model, which has evolved over time to ensure we are well positioned to navigate countercyclical pressures as well as unforeseen external events.”
“The record development backlog of AED 72.10 billion and a high-quality and growing base of recurring income assets now valued at AED 52 billion provide strong clarity for future income generation,” he noted.
Al Mubarak mentioned: “With a strong liquidity position and financial flexibility, we will capture the opportunities that lie ahead and remain confident in our ability to deliver sustainable long-term returns for our shareholders.”
The real estate developer ended 2025 with solid financial results, registering 36% YoY higher net profits after tax at AED 8.83 billion when compared with AED 6.50 billion.
Aldar recently acquired three warehouses in KEZAD Logistics Park (KLP) from Abu Dhabi Ports Company (AD Ports) at an amount of AED 650 million ($177 million).
