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Annual report 2019

Aldar Properties PJSC is the leading real estate developer, manager and owner in Abu Dhabi and, through its iconic developments, it is one of the most well known in the United Arab Emirates and the wider Middle East region.

Since Aldar was established, it has continued to shape and enhance the urbanisation of the UAE’s capital city by delivering desirable destinations where communities can work, live and visit. Those destinations include Yas Island, Reem Island, Al Raha beach and now Saadiyat Island.

February 2019

DEVELOPING FUTURE LEADERS

June 2019

23 NEW STORES ANNOUNCED

July 2019

AED 5 BILLION DEVELOPMENT AWARDED BY ABU DHABI GOVERNMENT

November 2019

ALDAR LAUNCHES INAUGURAL SUSTAINABILITY REPORT
Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019 Highlights of 2019

Chairman's statement

Sustainable long-
term growth

Valued Shareholder,
It gives me great pleasure to report on a remarkable year for Aldar, which marks our 15th year since inception.

In 2019, Abu Dhabi took several major strides towards elevating its status as a world class destination to invest, work, visit and live in and Aldar has played an active role in contributing to the Emirate’s continuing progress.

H.E. Mohamed Khalifa Al Mubarak

Chairman Download full statement

CEO’s Statement
PRIMED FOR GROWTH

A momentous year

Aldar produced a strong performance in 2019, demonstrating an ability to create value through market cycles, while conducting major transactions to prepare for continued growth in the coming years.

The Company is benefitting from our robust business model, designed to deliver growth and stable income through an optimal balance of property investment and development.

Talal Al Dhiyebi

Chief Executive Officer Download full statement
Financial highlights Financial highlights Financial highlights Financial highlights Financial highlights Financial highlights Financial highlights Financial highlights

Financial review

Strong financial performance

Aldar produced a strong financial performance in 2019 and achieved progress on a number of strategic initiatives designed to generate further growth in 2020 and beyond.

The Company recorded 17% growth in revenue and solid increases in gross profit and net income, of 5% and 4% respectively.

Greg Fewer Chief Financial & Sustainability Officer Download full statement

2019 revenue

Aed 0 BILLION

Financial highlights

Strong financial performance

Aldar is the largest listed real estate group in Abu Dhabi by market capitalisation, and one of the region's most recognised master developers.

The Company recorded 17% growth in revenue and solid increases in gross profit and net income, of 5% and 4% respectively.

4.6
2015
6.2
2016
6.2
2017
6.3
2018
7.1
2019
Revenue AED 7.1bn (2018: AED 6.3 BILLION)
2.2
2015
2.6
2016
2.7
2017
2.6
2018
2.8
2019
Gross Profit AED 2.8bn (2018: AED 2.6 BILLION)
2.6
2015
2.8
2016
2.0
2017
1.9
2018
1.9
2019
Net profit Aed 1.9bn (2018: AED 1.9 BILLION)
10.0
2015
11.0
2016
12.0
2017
14.0
2018
14.5
2019
Dividend per share 14.5 fils (2018: 14.0 FILS)
Leading real estate group Leading real estate group Leading real estate group Leading real estate group Leading real estate group Leading real estate group

At a glance

Asset management

Aldar owns and manages a diverse asset management portfolio of AED 20 billion of assets, all within Abu Dhabi.

The portfolio is predominantly split across four main real estate asset classes; residential, retail, commercial and hotels.

At a glance

Development
management

Aldar is the largest developer within Abu Dhabi and, since inception, has completed approximately 26,000 residential units across the Emirate.

As at 31 December 2019, a further 8,000 residential units were under development.

Our markets

RESIDENTIAL

Aldar predominantly sells residential property through its development business, where it actively launches in-demand off-plan residential developments on payment plans to buyers. The asset management business also owns a significant residential portfolio across Abu Dhabi, which is leased to a mix of individual and corporate tenants.

RETAIL

Aldar has developed a substantial retail footprint within Abu Dhabi that addresses both destination retail, such as Yas Mall and Al Jimi Mall, and the convenient community-focused retail located around our residential developments.

COMMERCIAL

Aldar has developed and, in more recent years, acquired a high-quality, predominantly Grade A commercial office portfolio that attracts top-tier tenants. The commercial portfolio is principally located across Abu Dhabi islands and has a significant exposure to the Government of Abu Dhabi as a tenant.

HOTELS

Aldar owns a unique cluster of hotels on Yas Island that benefit from their proximity to the airport and continued activation of Yas Island as the leisure and entertainment centre of Abu Dhabi, which most recently included the opening of Warner Bros. World, Abu Dhabi in 2018.

Saadiyat island

  • Mamsha Al Saaiyat
  • Jawaher
  • Saadiyat Reserve
  • Saadiyat Grove
  • Cranleigh Abu Dhabi
  • Saadiyat Beach Club
  • Saadiyat Beach Golf Club
  • Saadiyat district cooling assets
  • Saadiyat retail

yas island

  • West Yas
  • Mayan
  • Yas Acres
  • Water’s Edge
  • Ansam
  • Lea
  • Yas Links
  • Yas W Hotel
  • Yas Mall
  • IKEA
  • ACE Hardware
  • Yas Plaza Hotels

Al raha beach

  • Al Muneera
  • Al Zeina
  • Al Bandar
  • Al Hadeel
  • Al Raha Beach Community Retail
  • HQ Building
  • Etihad Plaza

Al reem island

  • Meera
  • The Bridges
  • Reflection
  • Sun & Sky Towers
  • Shams BOUTIK
  • The Gate Towers and The Arc
  • Boutik Gate
  • Reem Central Park
Teritory of areas Seih Sdeirah, Alghadeer

Alain

  • Boutik Al
  • Ain
  • Al Oyoun
  • Village
    • Development management
    • Asset management
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    See all our financial highlights in detail and what’s coming up next for Aldar in 2020 and beyond.

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