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Aldar Properties posts record Dh2 35B in development sales
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Abu Dhabi s Aldar sells out all 83 villas of new project on Saadiyat Island
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Aldar sells out all 83 villas of new project on Saadiyat Island
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Dubai: Aldar Properties on Sunday reported a 17 per cent rise in revenue for the full-year 2020, boosted by the management of government infrastructure contracts.
Abu Dhabi’s largest real-estate developer posted a revenue of Dh8.39 billion in 2020, compared to Dh7.15 billion a year earlier. Net profit grew marginally to Dh1.93 billion during the same period.
“Abu Dhabi has successfully navigated the considerable challenges of the global pandemic and is now moving into recovery,” said Mohamed Al Mubarak, Chairman of Aldar Properties.
“During this critical period, Aldar has reinforced its position as the trusted partner for public-private collaboration on strategic real estate and infrastructure investment,” he added.