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Aldar Properties today announced a 39% increase in Gross Profit to AED753 million for the first quarter ending 31st March, 2017, up from AED542 million in Q1 2016.
Commenting on the results, Mohamed Khalifa Al Mubarak, CEO of Aldar Properties, said, "Demand for our high quality products in our key destinations has resulted in a robust performance this quarter. We delivered a 39% increase in Gross Profit and AED1 billion in development sales.
"Looking forward, our fully committed AED3 billion investment programme paves the way for future growth in recurring revenues. Our latest development, The Bridges, sold out in three weeks demonstrating real demand for the right product at the right price.
"There is strength in the Abu Dhabi market," he concluded.
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