Aldar's 2024 profit surges 43% amid thriving property market

Aldar Properties, Abu Dhabi's premier developer, has announced a remarkable 43% surge in its 2024 profits, reaching an impressive $1.49 billion. This significant growth is largely attributed to a sharp increase in UAE property sales.

The company's full-year sales climbed to Dh33.6 billion, marking a 20% rise from the previous year. This upward trajectory underscores the robust demand in the UAE's property market.

Throughout 2024, Aldar consistently reported strong financial performance. In the first quarter, the company experienced an 81% annual increase in net profit, driven by higher property sales.

The momentum continued into the third quarter, with a 37% jump in profit as revenue grew on the back of higher property sales.

These impressive figures highlight Aldar's strategic prowess and the enduring appeal of the UAE's real estate sector.