Aldar Properties will begin construction of approximately 3,000 new homes in Abu Dhabi this year, with a total development value estimated at AED 23 billion ($6.26 billion), to meet growing housing demand.
In a statement to Abu Dhabi Stock Exchange (ADX), the developer said it had acquired a 2.3 million square meter land bank spanning Saadiyat Island and Yas Island.
Aldar plans to build luxury housing, including large villas and mansions, on the Saadiyat Island site.
The Yas Island parcel will be dedicated to a large-scale master-planned community focused on family living, supported by established retail, entertainment and lifestyle infrastructure.
These projects are scheduled to start from 2026 onwards in a phased approach tailored to market demand.
Land parcels are activated through joint venture structures with established partners to support efficient capital deployment.
Alder will continue to be responsible for the entire development, sales and delivery lifecycle of new projects, the statement said.
In November 2025, Al Dar said in an investor presentation that its land bank in Abu Dhabi has an area of 59.9 million square meters (sq m) and a gross floor area (GFA) of 7.8 million sq m. Of the UAE’s total unearned revenue of Dh57.3 billion, Abu Dhabi accounts for around Dh36-37 billion.
Fahid Island, with an estimated gross development value (GDV) of Dh40 billion ($11 billion), and the strategic Saadiyat Island development, a joint venture with Mubadala, with a GDV of approximately $1.1 billion, were at the top of Abu Dhabi’s residential master plan highlighted in the presentation.
(Edited by Anoop Menon) (anoop.menon@lseg.com)
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