Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Aldar Properties jumped to AED 2.02 billion in the first nine months (9M) of 2022, compared to AED 1.53 billion in 9M-21.

Revenues and rental income totalled AED 8.06 billion in the January-September 2022 period, an annual increase of 28% from AED 6.32 billion, according to the financial results.

The basic and diluted earnings per share (EPS) settled at AED 0.25 in 9M-22, versus AED 0.19 in 9M-21.

During the third quarter (Q3) of 2022, the net profits attributable to shareholders surged to AED 556.65 million from AED 473.22 million in Q3-21, whereas the basic and diluted EPS rose to AED 0.064 from AED 0.060.

Meanwhile, the revenues and rental income jumped by 30% year-on-year (YoY) to AED 2.71 billion in July-September 2022, versus AED 2.08 billion.

Talal Al Dhiyebi, Group CEO of Aldar, said: “We are intent on maintaining our pace of investment activity in the region, backed by our strong liquidity position and driven by our transformational growth strategy.

Al Dhiyebi added: “We will also continue to activate our extensive land bank to sustain our elevated level of development sales, in line with the growth of off-plan sales to international and expatriate buyers as Abu Dhabi’s position as a global investment destination matures.”

In the first half (H1) of 2022, Aldar registered net profits attributable to the owners of AED 1.47 billion, a hike from AED 1.06 billion during the same period a year earlier.