Investor Presentation FY2021
ALDAR DEVELOPMENT FY 2021 FINANCIAL PERFORMANCE
AED mn
FY 2021
FY 2020
Var (%)
7,247
3,617
+100%
Development sales
Development revenue
5,033
4,962
+1%
Property Development &
3,645
3,700
Sales
(1)%
Project Mgmt Services
1,388
1,262
+10%
Development gross
1,820
1,404
+30%
profit
Property Development &
1,380
1,191
+16%
Sales
Project Mgmt. Services
440
214
+105%
Gross profit margin
36%
28%
+28%
Revenue backlog
5,970
3,469
+72%
.
•
Key Highlights
Property Development & Sales
Highest-ever sales of AED 7.2bn supported by broadening
customer profile, notably overseas & resident expat customer
segment
Yas Island remained focus for new launches
៥
ALDAR
• FY2021 P&L impact from SODIC is nil (acquisition completed on
16 December 2021)
Project Management Services
• Projects backlog of AED 41.1bn
Significant Project ramp-up during the year, supporting overall
development segment margins
INVESTOR PRESENTATION FY2021.
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