Latest news with #TalalAlDhiyebi
Khaleej Times
20 hours ago
- Business
- Khaleej Times
Aldar posts record Dh4.1b H1 profit as sales, investments surge
Aldar, one of the UAE's top real estate developers, on Tuesday reported a 24 per cent year-on-year increase in net profit after tax to Dh4.1 billion for the first-half. Net profit before tax surged 35 per cent to Dh4.7 billion, driven by strong demand across its residential and commercial offerings and continued expansion of its investment portfolio. The developer recorded group development sales of Dh18.3 billion in the first six months of 2025, marking a 31 per cent jump from the same period last year. This sales momentum was fuelled by robust demand for existing inventory and five high-profile project launches in the UAE, including two developments on Fahid Island, Waldorf Astoria Residences Yas, Manarat Living III, and The Wilds in Dubai. The company's development backlog climbed to a record Dh62.3 billion, with Dh53.4 billion concentrated in the UAE, offering solid revenue visibility over the next two to three years. The group's earnings per share rose 27 per cent to Dh0.45, underscoring cross-platform growth. Chairman Mohamed Khalifa Al Mubarak credited the results to the strength of Aldar's diversified business model, and the UAE's sound economic fundamentals. 'The country's growing population and global appeal are driving sustained demand for quality real estate,' he said. With Dh12.2 billion in free cash and Dh17.5 billion in undrawn bank facilities, Aldar said it remains well-positioned for sustained growth. Group CEO Talal Al Dhiyebi said, 'Our momentum in the first half reflects disciplined capital deployment and a clear focus on long-term value creation across all platforms.' Aldar's expanding investment business also played a significant role. Adjusted Ebitda for Aldar Investment increased 18 per cent year-on-year to Dh1.6 billion, supported by high occupancy and rising rents. The group's assets under management reached Dh47 billion by the end of June, bolstered by the strategic acquisition of commercial and residential assets in Masdar City and warehousing facilities at Almarkaz Industrial Park. A notable transaction in July — a Dh400 million record-setting mansion sale at Faya Al Saadiyat — demonstrated Abu Dhabi's growing luxury real estate appeal, particularly among ultra-high-net-worth individuals. International investor interest continued to climb, with overseas and expatriate buyers accounting for Dh14.7 billion, or 84 per cent, of Aldar's UAE sales in H1. Additionally, Aldar sold a residential tower in Mamsha Gardens to Hong Kong-based Gaw Capital for Dh586 million, further underscoring global institutional appetite for UAE real estate assets. In terms of development revenue, Aldar reported Dh11.3 billion for H1, up 50 per cent year-on-year, with Ebitda rising 47 per cent to Dh3.3 billion. Cash collections stood at Dh7.9 billion, reflecting accelerated project delivery. Project management services backlog hit Dh86 billion, including Dh56.9 billion worth of developments currently under construction, mostly for the Abu Dhabi government and international arms also contributed meaningfully. Egypt-based SODIC posted Dh291 million in revenue and Dh536 million in sales, with a backlog of Dh6.6 billion. UK-based London Square generated Dh710 million in revenue and Dh362 million in sales in H1, with a backlog of Dh2.3 billion. In the investment portfolio, commercial assets delivered Dh420 million in EBITDA, up 11 per cent, supported by near full occupancy and rising rents. Residential assets added Dh263 million in EBITDA, marking a 35 per cent increase, aided by strong rental growth and 98 per cent occupancy. Retail EBITDA rose 12 per cent to Dh277 million, with Yas Mall maintaining 98 per cent occupancy and a 15 per cent rise in footfall. The logistics platform also grew, with a 14 per cent rise in H1 EBITDA to Dh35 million, backed by 97 per cent occupancy and the acquisition of prime warehousing assets in Almarkaz. A cold storage facility in Dubai South and the Al Falah logistics hub are expected to support future growth. Aldar's hospitality segment saw 70 per cent occupancy in H1, with RevPAR rising 3 per cent and ADR up 8 per cent. However, H1 EBITDA declined 4 per cent to Dh171 million due to asset repositioning under its Dh1.5 billion redevelopment plan. The Aldhafra Resort opened in March as part of this portfolio upgrade. In education, EBITDA increased 9 per cent to Dh127 million, supported by rising enrolments and fee growth. Total student numbers reached 37,000, with further growth expected from new campuses, including a super-premium King's College School Wimbledon branch planned for Fahid Estates recorded 24 per cent growth in H1 EBITDA to Dh192 million, with expansion in property and facilities management services contributing to the performance.
Al Etihad
a day ago
- Business
- Al Etihad
Aldar delivers Dh4.1 billion net profit in H1 2025
29 July 2025 10:38 ABU DHABI (ALETIHAD)Aldar delivered strong earnings in the first half of 2025, reporting a 24% year-on-year increase in net profit to Dh4.1 billion, driven by robust revenue recognition from a healthy development backlog and continued expansion across its investment results for the first half and the second quarter of the year were posted on the website of Abu Dhabi Securities Exchange (ADX). Aldar, which is an ADX-listed realty company with market capitalisation of Dh77.84 billion, is backed by Mubadala and Alpha Dhabi. Profit before tax rose 35% to Dh4.7 billion, while EBITDA increased 38% year-on-year to Dh5.3 billion. Revenues for the period surged 42% to Dh15.5 billion, reflecting strong development sales and contributions from recently acquired income-generating development sales reached Dh18.3 billion, up 31% from a year earlier, underpinned by five new project launches in the UAE. The revenue backlog climbed to a record Dh62.3 billion, with Dh53.4 billion attributed to UAE-based projects. Notably, international buyers and expatriate residents accounted for Dh14.7 billion—or 84%—of total UAE development sales, highlighting sustained foreign investor interest in the local of the standout moments came in July when Aldar sold a luxury mansion at Faya Al Saadiyat for a record Dh400 million, reflecting the strength of Abu Dhabi's high-end segment and growing investment from ultra-high-net-worth individuals. Further signalling increased institutional interest, a residential building in Mamsha Gardens was sold to Hong Kong's GAW Capital for Dh586 investment platform continued its expansion, with adjusted EBITDA rising 18% to Dh1.6 billion in H1. Commercial and residential assets in Masdar City acquired through the Mubadala partnership made a significant contribution. The group also expanded its logistics portfolio with the Dh530 million acquisition of income-generating warehousing and light industrial assets at ALMARKAZ Industrial Park in Abu Aldar Education advanced its offering with a strategic partnership with King's College School Wimbledon to develop a premium K–12 campus on Fahid remains strong with Dh12.2 billion in free cash and Dh17.5 billion in undrawn credit facilities. Assets under management reached Dh47 billion as of H.E. Mohamed Khalifa Al Mubarak said: "Aldar delivered exceptional first-half earnings growth driven by the continued strength of our diversified business model and disciplined strategy execution. The UAE's rising population and its growing appeal as a global centre for business, talent, and lifestyle are driving significant demand for high-quality real estate — propelling our H1 development sales to Dh18.3 billion and backlog to a record Dh62.3 billion."Group Chief Executive Officer Talal Al Dhiyebi said: 'Our development business recorded high demand across existing inventory and launches, with standout sales at flagship projects in Abu Dhabi and Dubai. Aldar Investment continues to deliver solid income growth, supported by high occupancy, rising rental rates, and recent acquisitions. We continue to scale and diversify the platform through expansion in the core sectors of retail, residential, hospitality, commercial and logistics.' Aldar also made progress in sustainability, receiving an upgrade in its MSCI ESG rating from 'BBB' to 'A', and inclusion in the FTSE4Good Index Series, reinforcing its commitment to responsible investment and long-term value creation. Source: Aletihad - Abu Dhabi
Arab News
11-06-2025
- Business
- Arab News
Aldar announces region's first King's College School Wimbledon
Aldar has announced an exclusive partnership between Aldar Education and the internationally renowned King's College School Wimbledon to establish its first regional campus on Abu Dhabi's Fahid Island. Scheduled to open in September 2028 — following ADEK and regulatory approvals — the new K-12 super-premium school will significantly enhance Abu Dhabi's already world-class educational offering, providing students with an established pathway to the highest ranked universities globally. Strategically located within Fahid Island's master-planned community, the new King's College School Wimbledon Abu Dhabi campus will span an expansive 50,000 square meters, accommodating up to 2,220 students. Designed to seamlessly blend cutting-edge educational resources, extensive sports facilities, and a focus on student well-being, the campus complements Fahid Island's broader vision to foster balanced lifestyles within a vibrant natural setting. King's College School Wimbledon is renowned for its rich heritage and exceptional academic standards. Talal Al-Dhiyebi, group chief executive at Aldar, said: 'We are proud to announce the first King's College School Wimbledon to Abu Dhabi, a milestone that reflects Aldar's fast-growing education portfolio and commitment to educational excellence. With King's longstanding legacy of academic distinction and its proven track record of preparing students for the world's top universities, this new school at the heart of Fahid Island will further strengthen Abu Dhabi's position as a premier destination for world-class education and a global center for talent development.' Sahar Cooper, chief executive at Aldar Education, added: 'King's College School Wimbledon is globally recognized for its ability to nurture well-rounded individuals equipped with the confidence, compassion and critical thinking skills to thrive. The school's holistic approach to education, anchored in strong values, rich co-curricular programs, and personalized pastoral care, will add a new dimension to Aldar Education's offering and further support Abu Dhabi's vision to become a regional hub for excellence in education.' The establishment of King's College School on Fahid Island marks the initial phase of Aldar's comprehensive educational strategy for the island, designed to address growing demand for premium educational offerings. Future phases will introduce additional educational institutions as part of its masterplan.
Arabian Business
09-06-2025
- Business
- Arabian Business
Aldar Education to bring King's College School Wimbledon to Fahid Island
Aldar Education will bring the first regional campus of the internationally renowned King's College School Wimbledon to Abu Dhabi's Fahid Island. The new King's College School Wimbledon Abu Dhabi campus, a K12 super-premium school, will be spread over an expansive area of 50,000 sqm and accommodate up to 2,220 students. Subject to ADEK and regulatory approvals, the school will welcome its first batch of students in September 2028. Aldar expands education portfolio King's College School Wimbledon is recognised as one of the UK's most prestigious independent institutions and is known for its rich heritage and exceptional academic standards. It adopts a holistic approach to education, ensuring that students receive comprehensive academic preparation and character development, making them sought-after candidates for leading global universities. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, commented: 'We are proud to announce the first King's College School Wimbledon to Abu Dhabi, a milestone that reflects Aldar's fast-growing education portfolio and commitment to educational excellence. 'With King's longstanding legacy of academic distinction and its proven track record of preparing students for the world's top universities, this new school at the heart of Fahid Island will further strengthen Abu Dhabi's position as a premier destination for world-class education and a global centre for talent development.' King's College School Wimbledon has been actively looking at international investors for global growth. It opened its first two international sister schools in Wuxi and Hangzhou, China, in 2018, followed by one in Bangkok, Thailand, in August 2020. It also has campuses in Shenzhen and Phnom Penh. Last year in December, The Sunday Times ranked King's in the top three schools in the UK in its prestigious Parent Power Guide 2025, as well as named it the Independent International Baccalaureate School of the Year. Karl Gross, Director of International Schools, King's College School, Wimbledon, added: 'We are delighted to partner with Aldar Education to open a world-leading school in Abu Dhabi. Bringing an authentic King's College School Wimbledon education to the region marks an exciting milestone in our ambition to build a global family of world-class international schools, where we offer our pupils an outstanding education in mind, spirit and heart. 'Building on the success of our school in Wimbledon and our existing overseas campuses, this new partnership offers a unique and inspiring opportunity for students in Abu Dhabi to experience the transformational impact of a King's education, preparing them to thrive in the world beyond school.' Strategically located within Fahid Island 's master-planned community, the school will be designed to blend cutting-edge educational resources, sports facilities, and a focus on student well-being, complementing the Island's broader vision to foster balanced lifestyles within a vibrant natural setting. Sahar Cooper, Chief Executive Officer at Aldar Education, said: 'King's College School Wimbledon is globally recognised for its ability to nurture well-rounded individuals equipped with the confidence, compassion and critical thinking skills to thrive. 'The school's holistic approach to education, anchored in strong values, rich co-curricular programmes, and personalised pastoral care, will add a new dimension to Aldar Education's offering and further support Abu Dhabi's vision to become a regional hub for excellence in education.' The establishment of King's College School on Fahid Island marks the initial phase of Aldar's comprehensive educational strategy for the island, designed to address growing demand for premium educational offerings. Future phases will introduce additional educational institutions as part of its masterplan. Aldar Education's network, with schools on Yas Island, Khalifa City, and Saadiyat Island, will expand capacity by offering over 4,000 new student places by the 2028-2029 academic year.
Time of India
09-06-2025
- Business
- Time of India
Prestigious UK King's College School Wimbledon to open campus on Fahid Island, Abu Dhabi
King's College School Wimbledon's Fahid Island campus will open in 2028, serving up to 2,220 students across 50,000 square metres/ Image: Pexels Aldar Education, in partnership with the UK's prestigious King's College School Wimbledon , has announced the opening of the first regional campus of the British institution in Abu Dhabi, as reported by Gulf News. The new K-12 school will be located on Fahid Island, the emirate's newest luxury mixed-use destination, and is scheduled to open in September 2028, pending regulatory approvals from the Abu Dhabi Department of Education and Knowledge (ADEK). The school will occupy a 50,000-square-metre campus and accommodate up to 2,220 students, offering a super-premium British education designed to provide a direct pathway to the world's top universities. This marks a major step in Aldar's broader education strategy and is the first school confirmed for Fahid Island following its formal launch last week. Global prestige comes to Abu Dhabi King's College School Wimbledon is consistently ranked among the UK's top independent schools, renowned for its rigorous academic standards, holistic education model, and strong record of university placements at elite institutions worldwide. 'This new school at the heart of Fahid Island will further strengthen Abu Dhabi's position as a premier destination for world-class education and a global centre for talent development,' said Talal Al Dhiyebi, Group CEO of Aldar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo He described the collaboration as a reflection of Aldar's 'fast-growing education portfolio and commitment to educational excellence.' Karl Gross, Director of International Schools at King's College School Wimbledon, added, 'Bringing an authentic King's College School Wimbledon education to the region marks an exciting milestone in our ambition to build a global family of world-class international schools. This new partnership offers a unique and inspiring opportunity for students in Abu Dhabi to experience the transformational impact of a King's education, preparing them to thrive in the world beyond school. ' Enhancing Abu Dhabi's educational ecosystem The upcoming school is set to integrate state-of-the-art educational facilities, comprehensive sports infrastructure, and a strong focus on student wellbeing. The development aligns with the wider vision for Fahid Island to promote balanced, nature-integrated lifestyles, and follows Aldar's plan to make the island a fully equipped, high-end residential and commercial destination. In a statement to Gulf News, Aldar confirmed that future phases of the island's masterplan will include additional educational institutions and hotels, reinforcing the destination's appeal as a fully integrated lifestyle community. Sahar Cooper, CEO of Aldar Education, said: 'The school's holistic approach to education, anchored in strong values, rich co-curricular programmes, and personalised pastoral care, will add a new dimension to Aldar Education's offering and further support Abu Dhabi's vision to become a regional hub for excellence in education.' Expanding educational access across Abu Dhabi This new addition is part of Aldar Education's larger growth trajectory, which aims to expand its network across Yas Island, Khalifa City, and Saadiyat Island. According to Aldar, it plans to add over 4,000 student seats by the 2028–2029 academic year, ensuring broader access to high-quality, diverse educational opportunities throughout the emirate. The King's College School Wimbledon campus in Abu Dhabi also marks the second major British school announced in recent months, with Harrow confirming a location in Abu Dhabi through Taaleem. The move reinforces the capital's growing stature as a global education hub.
