In 2023, Abu Dhabi-based real estate powerhouse Aldar saw a 40 percent increase in net profit to AED4.4 billion ($1.2 billion), driven by record development sales and an expanded investment portfolio. This included the highest-ever quarterly development sales of AED8.5 billion ($2.31 billion) in Q4, marking a 65 percent increase, resulting in full-year sales reaching a record AED27.9 billion ($7.6 billion), up by 94 percent.
During Q4 of 2023, Aldar Development’s revenue surged by 37 percent year-on-year to AED2.4 billion ($650 million), while full-year revenue rose by 19 percent to AED8.3 billion ($2.2 billion).
