Aldar Properties

Aldar Properties, established in 2004, is a prominent real estate development, management, and investment company headquartered in Abu Dhabi, United Arab Emirates. The company is publicly listed on the Abu Dhabi Securities Exchange and is majority-owned by the UAE sovereign wealth fund, Alpha Dhabi. Aldar's extensive portfolio includes significant developments within Abu Dhabi, such as Al Raha Beach, Al Raha Gardens, the Abu Dhabi Central Market, and Yas Island, which features the Yas Marina Circuit, Ferrari World, and Yas Hotel Abu Dhabi. Internationally, Aldar has expanded its presence by acquiring a 59.9% stake in Egyptian real estate development company SODIC and wholly owning UK real estate developer London Square. In 2022, Aldar secured a $1.4 billion investment from Apollo Global Management, marking one of the largest foreign direct investments into Abu Dhabi's private sector. The company's diversified portfolio encompasses residential, commercial, retail, and hospitality properties, with a land bank of over 77 million square meters, 90% of which is in special investment zones. Aldar's strategic partnerships, including those with Emaar Properties and Dubai Holding, have further solidified its position in the UAE real estate market. The company's commitment to sustainability is evident through its initiatives to achieve net-zero emissions by 2050 and the integration of energy-efficient features in its developments. Aldar's strong financial performance is highlighted by a 47% increase in net profit for 2024, reaching AED 6.5 billion, and a record group sales increase of 20%, totaling AED 33.6 billion. The company's revenue backlog stood at a record AED 45.9 billion by the end of 2024, indicating strong revenue visibility for the upcoming 2-3 years. In line with this performance, the Board of Directors proposed a dividend of AED 0.185 per share for 2024, an 8.8% increase from the previous year, totaling AED 1.45 billion. Looking ahead, Aldar remains focused on expanding its development and investment platforms across key geographies, with plans to deliver its first residential and retail projects in Saadiyat Cultural District, contributing to Abu Dhabi's position as a global hub for arts and culture.