Aldar Properties Increases Profit by 25% and Plans AED 30 Billion Community
Aldar Properties' net profit in the third quarter rose 25% to AED 1.9 billion, and it plans with Dubai Holding an AED 30 billion community near Dubai Silicon Oasis.
Aldar Properties announced a 25% year-on-year increase in net profit attributable to equity holders in the third quarter of 2026 to AED 1.9 billion.
Revenue and rental income reached AED 9.3 billion, up 16.4%, while development sales across the group fell 34% to AED 6.8 billion, as reported by Invest-Gate platform.
On the expansion front, Aldar and Dubai Holding intend to launch a new community near Dubai Silicon Oasis with investments of AED 30 billion, comprising approximately 7,000 townhouses and 5,000 apartments over five to six years.
The National newspaper reported the same figures and details, alongside the company's announcement of its third-quarter results and the new project plan.
What do these terms mean?
Net profit attributable to shareholders: The portion of the company's profits belonging to its shareholders after deducting costs, taxes, and other shares.
Development sales: The value of real estate sold or reserved by the company for clients prior to delivery, which differs from revenue recognized upon delivery.
Townhouse: A residential unit attached to adjacent units, typically spanning two or three stories with a dedicated entrance and a small garden.
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