London Square, Aldar's London developer, sold £296 million of homes in the first nine months of 2026, up 177%, and plans about 9,000 homes across 30 sites over five years

What Aldar's results say about London Square

Aldar Properties published its results for the third quarter and first nine months of 2026 on 27 October 2026. The release says London Square's sales in the third quarter totalled AED 226 million (£45 million), bringing nine-month 2026 sales to AED 1.4 billion (£296 million), up 177% year on year. London Square contributed AED 411 million (£83 million) of revenue to Aldar Development in the quarter and AED 978 million (£198 million) in the nine months. Its revenue backlog, meaning homes sold whose revenue is still to be recognised as they are built and handed over, stood at AED 2.8 billion (£575 million) at the end of September 2026 with an average duration of 32 months. Aldar adds that London Square increased its senior unsecured revolving credit facility to £250 million from £150 million. Aldar groups London Square with SODIC in Egypt as its international businesses and says both increased their contributions to group sales, with nine-month sales up 99% at SODIC and 177% at London Square; group sales as a whole were 34% lower at AED 18.9 billion, as we reported yesterday.

The five-year plan: 9,000 homes on 30 sites

In interviews published by The National on 14 October 2026, London Square's chief executive Adam Lawrence and chief financial officer Scott Brown said the company expects to deliver about 9,000 homes in London over the next five years, on about 30 sites, with a combined development value of £5 billion. The split is 3,575 affordable homes, 1,538 build-to-rent homes and more than 3,600 homes for open-market sale. The company targets 600 completions this year, up from 398 last year, and a sales backlog of £1 billion by the end of 2026. Lawrence said work would start on 12 sites this year, 65% of them affordable homes. London Square has delivered 5,000 homes on 46 sites with a development value of £2.9 billion since it was founded in 2010. The National also reports first-half 2026 sales of £251 million, up 236%, led by Bermondsey Phase 3, Wimbledon Bridge House and Ransome's Wharf, which is consistent with the £296 million nine-month figure in Aldar's release: the difference, £45 million, is the third quarter. Brown said that under the Aldar banner sales have been better than they were historically, and the company says buyers from the Middle East, mostly from the UAE, make up 10% to 15% of its international sales. Among the projects named are Nine Elms, with more than 750 homes, and the former Surrey County Council headquarters, with 292 homes.

Affordable and rental partnerships

Property Week reported the plan on 20 October 2026 and recalled that Aldar bought London Square in December 2023 for £230 million, its first acquisition outside the Middle East and North Africa. It lists two partnerships behind the shift towards affordable and rental homes: a £100 million partnership with the housing association Hyde Group in August 2026 to develop 337 affordable homes in Woolwich, and a partnership with QuadReal in June 2026 on a 241-home build-to-rent scheme in Woolwich with a development value of £120 million. Lawrence told the news site AGBI, as Property Week reported, that the market is more challenging than the company would like, but that its ambition remains to be recognisably London's leading property developer.

What Al Mithaq adds

Al Mithaq is an authorised broker for London Square in Kuwait. Our London guide lists the 14 developments we offer by London Square and Arada London, from £335,000, with who can buy, the six steps from reservation to keys and stamp duty worked through; our guides also cover the tax on London rent and the tax when you sell. The picture above is London Square's own photograph of Broadoaks Park in West Byfleet, Surrey, a development of family houses it is completing, with homes ready to move into in 2027. Tell our team in Kuwait your budget and whether you plan to live in the home or let it, and we will answer on the developments, their prices and completion dates 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 (London Square section and footnote 2), opened 28 October 2026
• The National, 14 October 2026 (Fareed Rahman, London): Aldar's international unit plans to deliver 9,000 homes in next five years, interviews with London Square's chief executive Adam Lawrence and chief financial officer Scott Brown, opened 28 October 2026
• Property Week, 20 October 2026 (Ciaran Nerval): London Square unveils 9,000-home masterplan for the capital, opened 28 October 2026
• London Square, Broadoaks Park, West Byfleet: development page and picture, opened 28 October 2026
• Al Mithaq: how to buy property in London, our guide and the 14 London developments we offer