Abu Dhabi, UAE – Aldar Group recorded remarkable financial and operational results during the first quarter of 2026. Net profits after tax increased by 20% year-on-year to reach 2.3 billion dirhams. Driven by revenues from development projects under construction, the flexibility of a diversified real estate investment portfolio, and the lack of exposure to market fluctuations. While earnings per share grew by 25% to reach 0.25 dirhams.
The group achieved total sales of AED 6.7 billion during the first quarter, of which AED 5.9 billion came from its projects within the UAE. Coinciding with the launch of two new projects: “The Wilds Residences” in Dubai, and “Baccarat Residences Saadiyat” in Abu Dhabi.
The house’s sales also attracted continuous demand from international buyers and residents. The sales value of this segment amounted to AED 5.3 billion, representing 88% of the company’s total sales in the UAE.
large projects
As part of enhancing its development activity, Al Dar launched the Yas Park Place project in mid-April, where 80% of the units offered have been sold to date, achieving sales exceeding 800 million dirhams, in a clear indication of investors’ continued confidence in the real estate market in Abu Dhabi.
The accumulated revenues from development projects rose to 72.1 billion dirhams, including 62.2 billion dirhams for projects within the country. Providing a clear vision of the group’s revenues over the next three years.
Al Dar also strengthened its land stock with a total development value of 61 billion dirhams, which included strategic plots of land in major destinations in Abu Dhabi. In addition to expanding the joint venture with Dubai Holding.
Growth in adjusted earnings
In terms of investment business, Dar Investment recorded a growth in adjusted earnings before interest, taxes, depreciation and amortization by 18% on an annual basis, reaching 905 million dirhams. Supported by high occupancy rates and contributions from strategic acquisition deals. The value of managed assets rose to 52 billion dirhams.
The portfolio of recurring revenue-generating real estate assets maintained its flexibility. Benefiting from long-term leases and growth in the commercial, retail, industrial and logistics sectors. The acquisition deals of The Link in Masdar City and the logistics assets of Kizad also contributed to enhancing the platform’s investment capabilities.
The “development and retention” project portfolio also grew by AED 2.8 billion to AED 20.1 billion, through a partnership with the Department of Municipalities and Transport to develop 9,000 rental housing units within the Affordable Housing Solutions Project in Abu Dhabi.
strong financial position
Al Dar has maintained a strong financial position that supports its flexibility and capital investment strategy. Total available liquidity amounted to AED 33.2 billion at the end of March, including AED 13.9 billion in available and unrestricted cash liquidity, and AED 19.4 billion in confirmed and undrawn banking facilities.
As part of its financing strategy, the company completed a public issuance of hybrid bonds in January worth US$1 billion (AED 3.7 billion). It was followed in February by the issuance of $1 billion, AED 3.7 billion, hybrid bonds to Apollo. In April, it also completed the collection of a proven sustainability-related revolving credit facility worth AED 5 billion. Which attracted strong demand from a wide range of regional and international banks.
In April, the house also distributed cash dividends for 2025 worth 0.205 dirhams per share, an increase of 10.8% year-on-year, with total dividends amounting to 1.61 billion dirhams.
