Aldar Properties, founded in 2004 and owned by the Abu Dhabi Government, is a leading real estate developer based in Abu Dhabi, UAE. With a diverse portfolio of residential, commercial, and leisure properties, Aldar has established itself as a cornerstone of Abu Dhabi's urban landscape, known for iconic projects such as Saadiyat Island and Yas Island.
Aldar focuses on sustainability and innovation, aiming to shape the future of real estate in the region. The company bought a key commercial tower in the Dubai International Financial Centre and launched luxury residences in the Saadiyat Cultural District.
Since its inception in 2004, Aldar Properties has achieved numerous milestones that underscore its leadership in the real estate sector. They own and manage a diverse range of assets in Abu Dhabi, including residential, commercial, and leisure properties, making them a trusted name in the industry. Aldar has received many awards for its innovative designs and eco-friendly practices. In 2023, the company awarded contracts worth over AED 22 Billion. This helped boost the local economy and create jobs. Their financial results are strong, with a 52% increase in net profit in the first nine months of 2024, reaching AED 4.6 Billion. Group sales have risen to AED 24 Billion, showing their significant growth. Additionally, Aldar Properties plans to develop a project worth AED 1.8 Billion in Dubai in partnership with Expo City Dubai. This project will feature both residential and commercial spaces covering 103,000 square meters, located near Dubai World Central, close to the Dubai Exhibition Centre.
Aldar Properties has expanded beyond Abu Dhabi and is now active in international markets like Egypt and the United Kingdom. The company is known for key projects such as Yas Island, Saadiyat Island, and Reem Island in Abu Dhabi, along with Aldar Square in the Dubai International Financial Centre. Their purchase of a major commercial tower in the Dubai International Financial Centre and the launch of luxury homes in the Saadiyat Cultural District strengthen their position as a top real estate developer in the region.
Aldar Properties is committed to helping the community through social projects and donations. In 2022, the company donated AED 5 million to the 1 Billion Meals initiative, which provides food to underprivileged communities in 50 countries. The Company invested over AED 42 million in social responsibility programmes over the course of 2022 to promote healthy and inclusive living. Aldar's commitment to social responsibility shows their goal to make a positive impact on society.
Aldar Properties is a leader in sustainability and innovation in real estate. In 2022, they launched a Net Zero Plan to align with the UAE's goal of achieving Net Zero by 2050, showcasing their commitment to climate action. In 2022, they invested over AED 7.6 billion in energy efficiency and sustainable resource use, focusing on the economy, community, people, and the environment.
Additionally, Aldar, the first from MENA, has invested in Fifth Wall’s European Real Estate Technology Fund. Moreover, their innovation program, Ibtikar, has developed 17 ideas into proof of concept since 2018, enhancing sustainable real estate development through teamwork and collaboration with startups.
