Aldar reports Dh6B net profit in first nine months

Aldar Properties on Tuesday reported that net profit after tax for the first nine months of 2025 surged 30 per cent year-on-year to Dh6 billion. The growth was driven by strong results across its development and investment platforms, despite the introduction of a higher corporate tax rate in the UAE this year.

- Somshankar Bandyopadhyay [e-mail]

Revenue for the period rose 43 per cent to Dh23.6 billion, while Ebitda climbed 44 per cent to Dh7.8 billion. In the third quarter alone, Aldar recorded Dh1.9 billion in net profit, up 49 per cent compared to Q3 2024.

Group Chairman Mohamed Khalifa Al Mubarak attributed the performance to the UAE’s economic momentum and Aldar’s diversified business model. “Our development revenue backlog has reached a record Dh66.5 billion, underscoring the depth of demand for our residential communities,” he said.