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Aldar Properties reported that its gross profit in the first six months of the year (H1) reached AED1.29 billion (USD351 million), a year-on-year increase of five percent.

The group also announced that revenue reached AED2.93 billion (USD797 million), supported by revenue recognition on developments under construction.

Some AED1.8 billion (USD490 million) was achieved in development sales, with the launch of The Bridges contributing AED600 million (USD163 million).

Elaborating, H.E. Mohamed Khalifa Al Mubarak, CEO, Aldar Properties, said, “Robust occupancy across our portfolio of investments demonstrates our resilience as an asset manager and the success of our most recent residential development, The Bridges, clearly shows there is strength in the Abu Dhabi property market.”


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