Abu Dhabi – Mubasher: Aldar Properties has recorded net profits attributable to the owners of AED 2.32 billion in 2021, up 21% year-on-year (YoY) from AED 1.93 billion in 2020, according to the company's preliminary unaudited financial results.

The company's revenues rose by 2% year-on-year (YoY) to AED 8.58 billion in 2021, compared to AED 8.39 billion.

The earnings per share (EPS) stood at AED 0.295 in 2021, versus AED 0.246 in the previous year.

The Chairman of Aldar Properties, Mohamed Al Mubarak, said: "Confidence in the emirate’s real estate market continues to strengthen as a result of the successful economic and social reforms implemented by the Abu Dhabi Government and was demonstrated by the sell-out launches that delivered Aldar’s highest-ever annual development sales."

Meanwhile, the Group CEO of Aldar Properties, Talal Al Dhiyebi, commented: "Looking ahead, we are ready to finalise landmark transactions, deploy capital efficiently in new opportunities, and execute on our transformational growth strategy across geographies, businesses, and sectors."

It is noteworthy to mention that during the January-September period of 2021, the net profits attributable to the owners of Aldar Properties increased by 28% year-on-year (YoY) to AED 1.536 billion from AED 1.209 billion.