Aldar Expands Abu Dhabi Landbank With AED 23 Billion Gross Development Value

Aldar is expanding its Abu Dhabi landbank with several new strategic plots valued at about AED23 billion in gross development value. The acquisition increases the company’s development pipeline and supports long-term growth in the emirate’s main urban corridors.

The sites cover more than 2.3 million square metres and are planned to deliver around 3,000 homes. They are located on Saadiyat Island, Yas Island, and in areas neighbouring Yas Island, supporting future residential supply as Abu Dhabi’s population grows.

Aldar plans to introduce the new developments in stages from 2026 onwards. This phased rollout is intended to match sales releases with demand, help maintain healthy absorption rates, and provide clearer visibility on revenue and earnings over the medium and long term.

The structured timing also allows Aldar to adjust project mix and pace across market cycles. By keeping flexibility within each site, the company can offer varied residential products and respond to shifts in buyer preferences or macroeconomic conditions affecting Abu Dhabi’s real estate market.

The plots will be developed using a joint venture model with an established partner, which is expected to support efficient use of capital. Under this structure, Aldar will remain responsible for the full lifecycle of each project, covering development, sales management, and final delivery.

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said, "The expansion of our Abu Dhabi landbank reflects our strong conviction in the market’s long-term fundamentals and the depth of opportunity across the capital. By building on our existing destinations and extending into new growth corridors, these sites enable us to deliver a diverse range of high-quality communities aligned with sustained demand."

He added, "We expect this portfolio to generate attractive long-term returns for our shareholders, while supporting Abu Dhabi’s continued evolution as a leading international business and lifestyle destination." The new plots therefore play a dual role, supporting Aldar’s growth ambitions while aligning with the wider economic development of the capital.

With inputs from WAM