Aldar Properties PJSC announced a full year net profit for 2014 of AED2.27bn. Revenues were AED6.55bn, or 22% higher, thanks to the hand over of units at the Gate Towers and higher recurring revenues. Describing 2014 as ‘exceptional’, CEO Mohammed Khalifa Al Mubarak noted that Aldar’s development plan has the potential to launch 7,300 residential units in the next 4-5 years.  

Source : Aldar Properties PJSC announced a full year net profit for 2014 of AED2.27bn.