Aldar sees 7% jump in net profit of 2019

Aldar sees 7% jump in net profit of 2019

Aldar Properties on Wednesday announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its development and asset management businesses.. As a leader in real estate market, Aldar has been able to swiftly convert those emerging opportunities to generate additional value for our share holders.. Talal Al Dhiyebi, CEO of Aldar said, "As the Abu Dhabi government's fiscal growth programmes take effect, we are seeing clear signs of growth in key segments of the real estate market.". The improving operating environment is feeding into Aldar's performance, through a 53 percent increase in development sales, a 30 percent increase in hospitality profit, and an 80 percent rise in profit from Aldar Education..