Aldar's nine-month 2026 net profit rises 19% to AED 7.1 billion as group property sales fall 34% to AED 18.9 billion, with 78% of UAE sales to overseas and expatriate buyers

Profit up, sales down

Aldar's release of 27 October gives group revenue of AED 26.2 billion for the first nine months of 2026, up 11% on a year earlier, and AED 9.3 billion for the third quarter, up 16%. Net profit after tax was AED 7.1 billion for the nine months, up 19%, and AED 2.3 billion for the quarter, up 21%; Aldar says the rise came from converting its backlog into revenue and from its investment properties. The National, reporting the same results on 27 October from Aldar's filing with the Abu Dhabi Securities Exchange, gives the quarter's net profit attributable to shareholders as AED 1.9 billion, up 25%. Sales moved the other way. Group development sales were AED 18.9 billion in the nine months against AED 28.5 billion a year earlier, and AED 6.8 billion in the quarter against AED 10.2 billion, both 34% lower. In the UAE alone, sales were AED 14.4 billion in the nine months, 46% lower, and AED 5.0 billion in the quarter, 45% lower. Aldar adds that its sales so far this year stand at more than AED 20 billion.

Who is buying, and what was launched

Sales to buyers from overseas and to expatriate residents of the UAE reached AED 11.3 billion in the nine months, which Aldar puts at 78% of its UAE sales. Aldar launched seven projects in the third quarter: Al Ghadeer Gardens II, Al Ghadeer Parks, The Canopies, Sei Saadiyat, Talay, Talay Beach and Yas Riva Reserve, bringing the total for the year to 12, and it unveiled two new destinations, Marsa Al Saadiyat with a gross development value of AED 60 billion and Yas Point with AED 6 billion. The National reports that a project with Dubai Holding near Dubai Silicon Oasis, with about 7,000 townhouses and up to 5,000 apartments and a gross development value of AED 30 billion, is expected to launch in the coming weeks. Outside the UAE, sales at SODIC in Egypt rose 99% to AED 3.0 billion in the nine months, and at London Square in the UK 177% to AED 1.4 billion (GBP 296 million).

Backlog and handovers

Aldar's development revenue backlog, sales already made but not yet booked as revenue, stood at AED 71.6 billion at the end of September, including AED 59.3 billion in the UAE with an average duration of 28 months. Cash collections were AED 3.9 billion in the quarter and AED 11.4 billion in the nine months. Aldar handed over almost 2,000 homes to customers in the first nine months of 2026, which it says is more than double the number handed over in the whole of 2025. On prices, The National quotes Faisal Falaknaz, Aldar's group chief financial and sustainability officer, as saying the company has been pushing prices incrementally on some projects, and adding that a July launch on Yas Island set a record for non-branded residences at more than AED 31,000 per square metre.

What Al Mithaq adds

Two of the seven projects Aldar launched this quarter are on our list: Sei Saadiyat on Saadiyat Island and Yas Riva Reserve on Yas Island. Our Sei Saadiyat page shows the homes, the amenities and the location, and our earlier stories cover the Yas Riva Reserve launch and Aldar's sales there. Read also our guide to who can own where in Abu Dhabi and to the UAE Golden Visa through property. Tell our team in Kuwait your budget and the type of home you want, and we will send you the current prices and payment plans for Aldar's homes by call or WhatsApp on the same working day.

Sources

• Aldar Properties newsroom, 27 October 2026: Aldar delivers robust Q3 performance with net profit rising 19% to AED 7.1 billion in first nine months of 2026, opened 27 October 2026
• The National, 27 October 2026 (Fareed Rahman): Aldar reports 25% jump in Q3 net profit amid launch of new projects, citing Aldar's filing and its group chief financial and sustainability officer, opened 27 October 2026
• Al Mithaq: Sei Saadiyat by Aldar, our project page