Aldar reveals its net profit of Q1 2025

The Aldar headquarters. Strong demand for both new launches and existing complexes drove the developer's UAE sales, which rose 38% year over year to Dh8.4 billion.

The top developer in Abu Dhabi, Aldar, said on Tuesday that its first-quarter net profit before taxes increased by 33% to Dh2.2 billion due to robust demand for both new and current inventory.

A spike in demand for both new releases and current innovations drove a 38% year-over-year growth in total UAE sales to Dh8.4 billion. In Q1 2025, Aldar unveiled two new projects: The Wilds in Dubai, the third project as part of an arrangement with Dubai Holding, and Manarat Living III at Saadiyat Island.

UAE sales to foreign and expat residents increased to Dh7.4 billion, or 87% of overall UAE sales, as a result of the developer's projects' significant attractiveness to foreign purchasers.

The UAE's income backlog increased from Dh45.9 billion after December 2024 to a record Dh46.7 billion at the power source end of March 2025. It offers substantial insight into income during the next two to three years, with an average period of 29 months.

The revenues from cash are still robust, at Dh3.6 billion, as the business works to complete contracts more quickly.

Earnings recognition over the next two to three years will be driven by the more diverse business development backlog, which now exceeds a record Dh55.7 billion, with Dh46.7 billion outstanding in the UAE.

Aldar Investment's adjusted profits before taxes, interest, depreciation, as well as amortization (EBITDA) increased by 10% year over year to Dh764 million, up 20% when gains from sales and divestitures are excluded. The company's assets under management also increased to Dh46 billion.

By issuing Dh3.7 billion composite capital notes as well as a Dh1.8 billion the color green sukuk, as well as obtaining a Dh9 billion multilateral unsecured credit facility as well as a Dh1.8 billion composite capital solution from Apollo, Aldar improved its capital arrangement along with financial stability.

As of the end of March, the company's strong liquidity position supported its conservative expansion goal, with Dh10.2 billion in free and unrestrained cash including Dh19.3 billion in undrawn pledged credit facilities.

“Aldar's impressive start to the year shows the breadth and sturdiness of our diverse platform as well as our capacity to develop and operate disciplinedly in opposition to a well-defined long-term wealth generation plan.  Looking ahead, the UAE has a strong foundation for stability and prosperity because of its consistent investment in key industries, dedication to a business-friendly climate, and economic diversification. With an investment backlog of a record Dh55.7 dirhams and this favorable climate, Aldar is in a strong position to provide sustainable performance, carefully invest capital, and strengthen our position as a long-term partner in guiding the economic growth of the United Arab Emirates.,” said by Mohamed Khalifa Al Mubarak.

“Aldar produced a strong financial performance in its inaugural quarter, with ongoing growth across our key businesses resulting in a 33% rise in net income before tax to 2.2 billion dirhams. Our pipeline of future launches is on pace because of ongoing demand from both domestic and foreign purchasers, and our development sales remained very strong, increasing 42% to Dh8.9 billion. At the same time, our investments have continued to perform strongly, with recent acquisitions, growing rental prices, and near-full rental rates supporting revenue development & financial stability. In early 2025, we took preemptively to strengthen Aldar's financial health and resilience by raising liquidity through capital market issuances and a syndicated loan. We are confident that the firm is well-positioned to generate substantial value for its customers because of its broad platform, strong revenue backlog, and wise capital allocation plan.” said by Talal Al Dhiyebi.