Aldar secures $1.4bn credit facility to drive expansion

Aldar Properties has secured a credit facility of AED5 billion ($1.4 billion) to strengthen its liquidity position and back its development and investment plans. 

Syndication and book-building started in February, with the five-year sustainability-linked revolving facility obtained through 10 local, regional and global banks, the developer said in a statement to the Abu Dhabi Securities Exchange. 

The multi-tranche facility comprises conventional and Islamic segments in AED and USD, linked to a floating rate. Repayment terms were not disclosed.

The facility brings Aldar’s available liquidity to more than AED38 billion, including AED14 billion in cash and AED24 billion in undrawn committed facilities. 

Its average senior debt maturity stands at five years, while the average maturity of undrawn committed facilities is three-and-a-half years, the statement said.

“With a strong liquidity position, we will continue to advance our strategic priorities across our development and investment platforms,” group chief financial and sustainability officer Faisal Falaknaz said.

Aldar’s diverse funding sources include an AED3.7 billion public hybrid notes issuance and another AED3.7 billion through a private placement with New York Stock Exchange-listed Apollo Global Management earlier this year. 

In January, the developer raised AED9 billion through a sustainability-linked syndicated revolving credit facility.

Aldar said net profit rose 36 percent to AED9 billion in 2025 as revenue hit AED34 billion. Group sales reached a record high of AED41 billion, up 21 percent year-on-year, with UAE sales contributing AED36 billion.  

Further reading:

• Aldar says all 141 UAE construction sites are active
• Over 100 nationalities invest $2.2bn in Abu Dhabi real estate
• Aldar unveils Baccarat Residences on Saadiyat Island

The developer awarded AED66 billion in development contracts in the UAE last year, with AED30 billion recirculated into the local economy.

In February, Aldar and Dubai Holding, an investment conglomerate owned by Sheikh Mohammed bin Rashid Al Maktoum, acquired two land plots in Dubai that will house almost 14,000 new homes.

The company expanded its landbank in Abu Dhabi by more than 2 million square metres and aims to deliver 3,000 new residential units.

The developer was listed on the Abu Dhabi Securities Exchange in 2005. Its share price rose 0.1 percent to AED8.46 on Thursday morning and is down about 3 percent so far this year.

Abu Dhabi conglomerate International Holding Company owns 33.61 percent of Aldar, according to its 2024 annual report.