ABU DHABI, 9th February, 2022 (WAM) Aldar Properties (Aldar) today announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up 21 percent year-on-year, highlighting the resilience of Aldar’s diversified business model.
Aldar also reported earnings per share of AED0.295, up 20 percent year-on-year, demonstrating sustainable growth of shareholder value.
Aldar’s robust financial results were driven by.
UAE-based Aldar Properties has registered a AED2.33 billion ($603 million) net profit for 2021, up 21 per cent year-on-year, driven by the strong performance of Aldar Development business and growth in Aldar Investment’s recurring income portfolio.
ABU DHABI, 8th February, 2022 (WAM) Aldar Properties (Aldar) announced today, that contracts awarded across its development projects in 2021 reached more than AED8.5 billion.
The volume and value of work undertaken by Aldar in 2021 highlights an economic rebound in Abu Dhabi following the impact of the pandemic in 2020 and a boost to the emirate as a destination to live, work, and play.
Sixteen contracts were awarded spanning infrastructure, residential, commercial, and mixed-use projects in Abu Dhabi. They were awarded to 14.