The company has reported a 35 per cent increase in profit for 2022, resulting in a net profit of $845M.
This jump in year-on-year profit was aided by a strong final quarter which saw the business turn a profit of $272.3M, a 28 per cent increase on the same period two years ago.
Mohamed Khalifa Al Mubarak, Chairman of Aldar Properties, said: “The UAE economy is demonstrating remarkable stability in the face of global economic headwinds, with the country forging a confident path as a premier investment, business, and lifestyle destination. Against this backdrop, real estate market fundamentals remain robust, underpinning Aldar’s bold steps to play a pivotal role in the sustainable development of the sector and the wider economy. Aldar’s agenda for transformational growth has advanced at scale and pace in the last year through significant transactions and a number of strategic development projects.”
