Source : WAM
Aldar has announced the acquisition of several strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED23 billion. The move further strengthens the company’s landbank and supports a robust pipeline for sustained long-term growth across the capital’s major development corridors.
The sites cover more than 2.3 million square metres and are expected to deliver around 3,000 new homes across locations on Saadiyat Island, Yas Island, and areas adjacent to Yas Island.
Together, the plots offer flexibility to develop a wide mix of residential products, supporting long-term population growth and continued residential demand in Abu Dhabi.
The developments will be launched and delivered in phases aligned with market demand, with the first project launches anticipated from 2026. This measured approach aims to support healthy absorption rates, improve visibility on medium- to long-term revenue and earnings growth, and maintain flexibility across market cycles.
The land plots will be activated through a joint venture with an established partner, enabling efficient capital deployment while allowing Aldar to retain responsibility for the full development, sales, and delivery lifecycle of the projects.
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said, “The expansion of our Abu Dhabi landbank reflects our strong conviction in the market’s long-term fundamentals and the depth of opportunity across the capital. By building on our existing destinations and extending into new growth corridors, these sites enable us to deliver a diverse range of high-quality communities aligned with sustained demand.”
He added, “We expect this portfolio to generate attractive long-term returns for our shareholders, while supporting Abu Dhabi’s continued evolution as a leading international business and lifestyle destination.”
