Aldar delivers Dh836m in Q1-2023 internet revenue as gross sales hit quarterly file of Dh4.5b

Revenues for Aldar got here to Dh1.9 billion, which is an 8 per cent enhance.

Abroad and UAE resident patrons now account for 45 per cent of Aldar’s gross sales, and a pointy enhance on the 30 per cent on the finish of 2022. 

“Throughout Q1, we launched a wide range of new residential ideas in Abu Dhabi that proved extremely in style amongst buyers regionally and abroad,” mentioned Talal Al Dhiyebi, Group CEO. “The success of those performed a big half in Aldar’s stellar efficiency through the first three months of the yr.

Aldar’s funding platform continued to develop at tempo pushed by tenant occupancy of 93 per cent throughout property, sturdy rental returns, and optimistic contributions from new acquisitions throughout the portfolio, notably the 4 workplace towers at ADGM.

– Talal Al Dhiyebi of Aldar

“Aldar’s funding platform continued to develop at tempo pushed by tenant occupancy of 93 per cent throughout property, sturdy rental returns, and optimistic contributions from new acquisitions throughout the portfolio, notably the 4 workplace towers at ADGM.’

These 4 towers at Abu Dhabi World Market may also provide extra features on the recurring revenue entrance. (With an occupancy of 97 per cent, it does add up.)

The numbers set the corporate up for what’s a a lot anticipated entry into Dubai, the place it can initially construct 3 communities.

“Because the UAE continues to broaden its attraction as a enterprise and life-style vacation spot, we count on strong actual property market dynamics to maintain via 2023,” mentioned Al Dhiyebi. “In opposition to this backdrop, Aldar will proceed to deploy capital in a disciplined method throughout its platforms to drive our transformational development agenda.”