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Aldar Properties

Construction

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Aldar Properties has acquired an unfinished commercial tower in the Dubai International Financial Centre for AED2.3 billion. The project will feature multi-tenanted and single-tenanted spaces upon completion in 2028 and complements the company's existing commercial footprint in Dubai, which includes other notable properties and plans for further development1.

The company maintains strategic alliances with international brands, such as its partnership with Manchester City FC. This collaboration utilises the football club's brand to enhance sales and promote joint ventures, reflecting the company's approach in leveraging partnerships in its growth strategy2.

Aldar Properties contributes to the strong performance of the UAE equity markets, which have attracted more international capital compared to other regional markets. The company's prominent position in the Abu Dhabi market offers further opportunities for direct foreign investment3.

Aldar is involved in initiatives to embrace art and culture within its corporate identity. This engagement is part of a broader movement among UAE real estate developers to support and integrate cultural projects, aligning with national strategies to grow the creative economy4.

In the first quarter Aldar recorded a 25 percent increase in net profit to $446 million in comparison with the same period last year. This performance reflects the company's ability to capitalise on its substantial order backlog and the robust demand for off-plan properties5.

Aldar Properties Overview

Aldar Properties is a real estate development company owned by the Abu Dhabi government and set up in January 2004.

Aldar’s shares were listed in 2005 on the Abu Dhabi Securities Exchange. Mubadala, the UAE sovereign wealth fund is the largest shareholder.

In 2013 the company merged with Sorouh Real Estate and the entity now operates under the Aldar name.

Aldar projects within Abu Dhabi include Al Raha Beach, Al Raha Gardens, the Abu Dhabi Central Market and Al Mamoura, as well as Yas Island, where it is based.

Within the UAE Aldar has worked on strategic partnerships with companies including Dubai property developer Emaar and Dubai Holding. Then in September 2024 Aldar joined forces with Mubadala to develop and manage more than AED30 billion ($8 billion) worth of real estate across Abu Dhabi.

As well as growing its its UAE projects and portfolio, Aldar is working on an international expansion drive in order to double its market cap.

The company’s strategy hinges on acquiring or partnering with developers and other investors in markets such as the UK and Europe, and creating specialised vehicles, including in the fast-growing private credit space.

Aldar Properties News

A construction site in Dubai. The number of registered land deals in Dubai is up 7 percent year on year

Land prices surge as Dubai’s developers scramble for plots

A wave of land acquisitions by Dubai developers has driven up prices by more than a third so far this year.  Fierce competition for prime plots and off-plan sales is pushing investors into emerging districts, industry professionals say. The land rush, fuelled by constrained supply in central areas and a growing population, has underpinned the […]

The Fahid Island development will have a 4.6km beachfront on one side and mangrove forests on the other, with retail and hospitality components

Aldar says Fahid Island development will cost $11bn

Aldar Properties, the largest Abu Dhabi-listed developer by market capitalisation, will build more than 6,000 luxury residences on Fahid Island, one of its largest mixed-use masterplans in the emirate.    The gross development value of the project is estimated at more than AED40 billion ($10.89 billion), the developer said in a statement. The company announced […]

Dubai Marina skyline. A massive pipeline of over 250,000 new units is set to hit the market by 2026, prompting experts to predict a potential price adjustment and a cooling period

Dubai property optimism remains despite price correction warnings

Real estate professionals in Dubai are maintaining a cautiously optimistic outlook on the market, even as fresh warnings of a potential double-digit correction cast a shadow over the city’s record-breaking property surge. Ratings agency Fitch forecast this week that Dubai’s residential property market is likely to cool through the second half of 2025 and into […]

Asif Aziz: 'There are people still living in rented accommodation in Abu Dhabi – it's that market we want to target.'

Asif Aziz: from the heart of London to Al Maryah Island

Asif Aziz owns more of Leicester Square and Piccadilly Circus than any other individual.  His holdings include the Criterion Building, a West End landmark best known as the setting where Dr Watson first hears the name Sherlock Holmes; the former Trocadero, which housed music halls and cinemas from the 1890s; and One Leicester Square, overlooking […]

Emaar’s project backlog – the value of the under-construction properties it has sold off-plan – totals AED100bn

UAE property developers bank on huge order backlogs

The UAE’s largest property developers are likely to post rising profits in the coming quarters as under-construction projects reach new milestones. This will enable them to book revenue from their vast order backlogs, analysts predict. Most listed developers reported big year-on-year increases in first-quarter profits. Emaar Properties’ Q1 profit rose 27 percent to just over […]

Amira Sajwani, managing director of sales and development of DAMAC Properties with Jason Gannon, president and COO of Chelsea Football Club

Dubai scores football-themed homes in Chelsea Residences

Chelsea fans finally have something to celebrate: Dubai’s first football-themed development will wear the blue of the famous west London club. As part of a new partnership between Chelsea FC and Damac Properties, the Dubai-based property developer will build a Chelsea-themed real estate project in the emirate. Chelsea Residences “will be built with Chelsea Football […]

Lake Park in Abu Dhabi. Aldar, the city's largest developer, says demand is strong for new and existing projects

Abu Dhabi developer Aldar reports $520m first quarter profit

Aldar Properties, Abu Dhabi’s largest real estate developer, has reported a rise in first-quarter profits driven by sales to international buyers. Net profit after tax increased 22 percent year on year to AED1.9 billion ($520 million). Revenue was up 39 percent to AED7.8 billion. Overseas investors and expatriates living in the UAE accounted for AED7.4 […]

Property deals in Abu Dhabi rose sharply in the first quarter, including foreign investment

Value of Abu Dhabi property deals up by a third in Q1

Abu Dhabi recorded strong real estate activity in the first quarter of 2025 as property deal value grew by around a third annually to AED25 billion ($7 billion) across 6,896 transactions. The value of sales and purchases rose 27 percent to AED15.5 billion, while the volume grew by 11 percent to 3,819, according to the […]

People on the Jeddah waterfront. The Marafy canal will run 10km inland from the coast

Jeddah’s residential canal project takes shape

Construction work on Marafy, a residential canal-waterfront project in Saudi Arabia’s second city, Jeddah, is gathering pace. Driven by Roshn Group, the property developer unit of the government’s Public Investment Fund (PIF), the development will have capacity to house more than 130,000 people.  Though no cost for the Marafy project has been made public, in […]

Noura bint Mohammed Al Kaabi, minister of state at the UAE's Ministry of Foreign Affairs, with Iris Projects founder Maryam Al Falasi

Corporate art collections on the rise in the UAE

A shiny office tower in the heart of Downtown Dubai may not be an obvious home for a growing international art collection but ICD Brookfield Place is becoming just that.  Among the works or exhibitions it has showcased recently are Canadian visual artist Jordan Söderberg Mill’s light and glass installation Standing Wave, Emirati artist Hashel […]