Aldar Properties reported 172 active tenders valued at over AED 30 billion ($8.2 billion), reflecting continued construction activity across Abu Dhabi, Dubai, and Ras Al Khaimah.
The company stated that the current pipeline supports ongoing development and signals steady project execution across multiple locations.
Since the start of 2026, Aldar has awarded development contracts worth AED 4.7 billion ($1.3 billion). Notably, AED 1.8 billion ($490 million) of these contracts were awarded to five UAE-based contractors.
In March alone, the company activated three new construction sites. At the same time, around AED 1.78 billion ($485 million) from awarded contracts is expected to circulate within the local economy through the UAE’s National In-Country Value (ICV) programme.
Aldar confirmed that it plans to hand over more than 3,500 residential units in 2026. So far, the company has completed 1,075 homes this year, including 550 units delivered in March.
Looking ahead, new developments are in progress. These include the first phase of Yas Park Place in North Yas, which is scheduled for launch in April.
Currently, construction is underway at 141 active sites. The company continues to rely on a diversified network of local contractors and suppliers. This approach helps reduce exposure to global supply chain disruptions and ensures continuity in operations.
During March, Aldar paid AED 1.55 billion ($422 million) to contractors for ongoing work. In addition, construction teams logged approximately 30 million working hours. This marks a 20 percent increase compared to March 2025.
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.”
Aldar reported a total revenue backlog of approximately AED 167 billion ($45.5 billion) at the end of 2025. Meanwhile, available liquidity exceeded AED 30 billion ($8.2 billion).
This financial position provides the company with flexibility to continue its development pipeline and explore new investment opportunities.
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