Arab News
Khaljee Time,
Sun, Mar 29, 2026 | Shawwal 10, 1447
Aldar on track to handover more than 3,500 units in 2026
Emirates:
Aldar has maintained strong project delivery
momentum across its development portfolio and remains on track to handover more
than 3,500 units in 2026, the Abu Dhabi realtor said on Thursday.
Since the beginning of the year, Aldar completed
the construction of 1,075 homes, with 550 completed in March alone.
Construction activity is advancing in line with
planned timelines across all 141 sites, including key projects in Abu Dhabi,
Dubai, and Ras Al Khaimah, underpinned by a highly resilient supply chain and
strong construction partners. During March, three new sites were activated,
Dh1.55 billion was paid to contractors for ongoing work, and a total of 30
million hours were completed, a 20 per cent increase in hours worked compared to
March 2025.
Since the start of 2026, Aldar has awarded
development contracts valued at Dh4.7 billion, with Dh1.8 billion awarded in
March to five contractors, all of which are based in the UAE. Through the
contracts awarded so far in 2026, Dh1.78 billion will be recirculated to the
local economy through the National In Country Value (ICV) programme. A further
172 tenders are currently active across Aldar’s projects with a combined value
of more than Dh30 billion yet to be awarded.
Talal Al Dhiyebi, Group Chief Executive
Officer of Aldar, said: “The swift and proactive response of the UAE’s
leadership to protect our nation and support its people has allowed us to
continue operating our business without interruption and serving our customers
safely. Against this backdrop, we are maintaining our delivery momentum,
awarding new construction contracts, and further strengthening our supply chain,
while continuing to positively contribute to the national economy. We are
working closely with the government, our partners, and suppliers to maintain
this positive momentum and continue to deliver for our customers and
communities.”
Adding further depth to its pipeline of
developments in the UAE, Aldar will launch the first phase of Yas Park Place in
North Yas in April. The residential development overlooks Yas Central Park, and
further builds on Yas Island’s position as a leading lifestyle destination.
Across its portfolio, Aldar manages 155,000
residential units and more than 2.2 million sqm of commercial space, which have
remained fully operational and supported by dedicated community management and
facilities management teams. The support provided was heightened throughout
March, including during adverse weather conditions, to ensure residents, tenants
and the wider community experienced minimal impact in their day to day lives.
Through its scale and long-standing partnerships,
Aldar continues to play a key role in supporting the broader real estate and
construction ecosystem. The company maintains a strong financial position, with
available liquidity exceeding Dh30 billion and a well-managed debt profile,
providing flexibility to sustain operations, progress development programmes,
and deploy capital in line with market conditions. Total revenue backlog across
both Aldar and government projects at the end of 2025 stood at Dh167 billion.