Aldar makes Dh1.9bn sales in first half of 2015 on new projects

Aldar Properties, Abu Dhabi's largest listed developer, said on Tuesday it had generated sales worth Dh1.9 billion in the first half of the year across three new developments.

The sales constituted land plots on Nareel Island and its Al Merief developments, as well as unit sales at Meera at Shams Abu Dhabi, it said in a bourse statement. The company has yet to report its second-quarter profit. SICO Bahrain has forecast that Aldar will make a net profit of around Dh514.6 million in the second quarter, up marginally from the 505.8 million dirhams it made in the corresponding period of 2014.