Aldar Group Posts 18% H1 Profit Rise to Dh4.9bn as It Unveils Dh100bn Marsa Saadiyat and Dh6bn Yas Point
Aldar Group posts H1 net profit of Dh4.9bn (up 18%) and EPS Dh0.53, unveils Dh100bn Marsa Saadiyat and Dh6bn Yas Point; H1 development sales total Dh12.1bn.
Aldar Group reported a robust first-half performance in 2026, with net profit after tax rising 18% year-on-year to Dh4.9 billion and earnings per share increasing 17% to Dh0.53. The results were driven by continued recognition of revenue from development projects under construction and steady returns from a diversified investment property portfolio. The company also announced major project launches in July, including the Dh100 billion Marsa Saadiyat masterplan and the Dh6 billion Yas Point mixed-use waterfront destination, signalling an active second-half pipeline.
Financial performance and key metrics
Aldar’s consolidated results show the company is capitalising on both development and recurring income streams to boost profitability. The Dh4.9bn net profit was supported by project revenue recognition from works in progress alongside stable rental and investment income. Basic earnings per share of Dh0.53 for H1 underscores improved operational leverage and higher margins on recognised project sales.
Development projects and investment portfolio contribution
Revenue growth reflected a balanced contribution from Aldar’s development pipeline and its investment real estate holdings. The group highlighted that revenues from ongoing development projects and gains from its investment portfolio were principal contributors to the H1 uptick. Management pointed to the diversified nature of the portfolio — spanning residential, leisure and commercial assets — as a stabilising factor amid varying market conditions.
Marsa Saadiyat and Yas Point launches
In July, Aldar revealed the Marsa Saadiyat project, marking the final phase of the Saadiyat Island masterplan with an overall development value of Dh100bn. Aldar will develop approximately Dh60bn of the masterplan and intends to begin phased launches in the second half of the year. The group also launched Yas Point on Yas Island, a Dh6bn maritime-led mixed-use destination, and introduced its first residential offering there, The Canopies, as part of the new precinct.
Sales momentum and backlog visibility
Development sales during H1 reached Dh12.1bn, reflecting Aldar’s measured approach to project launches aligned with market demand. The group reported a cumulative development revenue backlog of Dh71.6bn at the end of June, of which Dh59.9bn relates to projects in the UAE. That backlog provides clear revenue visibility for the next two to three years and underpins near-term cashflow expectations. Aldar said the H1 sales performance followed a selective launch strategy, with three successful UAE project launches in the second quarter.
Demand drivers and buyer profile
Aldar’s UAE projects continued to attract significant interest from international purchasers and expatriate residents, who accounted for Dh7.6bn of sales in the period — roughly 80% of total UAE sales. The group noted that its product mix and island and waterfront destinations remain particularly appealing to foreign buyers seeking residential and investment properties. This demand profile has supported both sales velocity and pricing stability across key developments.
International subsidiaries lift group sales
Aldar’s international businesses also contributed materially to H1 momentum, with its overseas arms recording substantial year-on-year growth. The group’s two international developers, SODIC and London Square, reported sales growth of 171% and 236% respectively in the first half of 2026. Management highlighted these performances as evidence of Aldar’s effective geographic diversification and its ability to replicate product and sales strategies across regions.
Board view and strategic positioning
Chairman Mohammed Khalifa Al Mubarak described the H1 results as a validation of Aldar’s long-term investment strategy and diversified business model. He said the group’s approach — combining a broad development pipeline with a resilient investment property base and international expansion — has built exceptional financial strength. The board signalled confidence in the planned H2 launches and reiterated focus on delivering projects that match market appetite while maintaining balance-sheet discipline.
Aldar’s first-half results and the high-profile project announcements position the company for a busy second half of 2026, with phased rollouts of major masterplans and continued emphasis on international growth and recurring income.
