Abu Dhabi:Aldar Group has reported a significant increase in its net profit after tax, reaching AED7.1 billion for the first nine months of 2026, marking a 19% rise year-on-year (YoY). This growth was attributed to backlog conversion and resilient earnings from its diversified investment properties portfolio, with earnings per share rising 20% YoY to AED0.77.
According to Wam, Aldar Investment's assets under management (AUM) increased to AED57 billion due to new acquisitions and completed projects. Notable additions include the Emirates Snack Foods cold store facility and the first phase of a Grade A logistics center at National Industries Park in Dubai. The company also reported a 21% YoY increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), amounting to AED2.8 billion, driven by high occupancy and rental growth.
The develop-to-hold pipeline, which is crucial for future income growth, stood at AED21.3 billion, with AED6.6 billion in new projects announced since the start of the year. In a significant Q3 development, Aldar and Mubadala acquired Masdar City Square for AED918 million through their joint venture.
Aldar announced a strategic partnership with Arada in September, creating AED11 billion in development opportunities, and agreed to a AED1.1 billion forward purchase of residential units at Arada's Aljada development in October. This marks Aldar's first real estate investment in Sharjah.
The company benefited from strong funding access, with US$2 billion in hybrid issuances in Q1 and closing an AED5 billion sustainability-linked revolving syndicated credit facility in Q2. Group liquidity was reported at AED38.2 billion at the end of Q3.
Group development sales reached AED18.9 billion, including AED6.8 billion in Q3. UAE sales for the nine-month period were AED14.4 billion, with year-to-date sales exceeding AED20 billion. Aldar launched seven new projects during the quarter, totaling 12 for the year, reflecting accelerated momentum in Q3.
Demand from international customers remained robust, with UAE sales to overseas and expatriate buyers totaling AED11.3 billion, accounting for 78% of total UAE sales. The development backlog was AED71.6 billion at the end of September, providing revenue visibility for the next 2-3 years.
Aldar Development expanded its long-term pipeline with new destinations like Marsa Al Saadiyat and Yas Point. Internationally, Aldar's businesses SODIC and London Square showed strong momentum, with sales increasing by 99% and 177%, respectively, for the first nine months of 2026.
Chairman Mohamed Khalifa Al Mubarak emphasized the strength of Abu Dhabi's economic foundations and Aldar's strategic investments. CEO Talal Al Dhiyebi highlighted the company's growing strength and ability to adapt to market conditions, focusing on executing development backlogs and expanding investment pipelines.
As Aldar enters the final quarter, priorities include execution, converting demand into sales, and pursuing new opportunities while maintaining disciplined capital deployment and long-term value creation.