Aldar Properties net profit rises by 52% to $350mn in Q2 2023

1st August 2023, Arabian Business

Record development sales and recurring income portfolio delivers 21% increase in revenue to $870 million.

Driven by record sales and strong contributions from its recurring income portfolio, Aldar Properties reported a 52 percent increase in net profit to AED1.3 billion ($350 million) in the second quarter of 2023.