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FinancialNews


  • 09-02-22

    Aldar Properties registers 21 percent increase in yearly profit

    (MENAFN) Aldar Properties, Abu Dhabi’s largest listed real estate developer, registered a 21 per cent increase in its full-year 2021 revenue, as profits surged supported by record real estate sales amidst sustained its rebound of the UAE’s real estate market.

    According to Aldar’s statement to the Abu Dhabi Securities Exchange, where its stocks are exchanged, net profit for the time span of one year to the end of December surged to Dh2.3 billion (USD644m).

    Profit for the financial year increased 2 per cent yearly to around Dh8.6bn (USD2.34bn). Sales for the stated time span registered a two-fold increase of Dh7.2bn (USD1.96bn), on the back of a fruitful new scheme initiates all over various price points that expanded the firm’s customer base.

    MENAFN09022022000045013568ID1103663285

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