Aldar Properties reported a 10% increase in second-quarter profit, supported by a 5% rise in revenue from property sales.
The Abu Dhabi-based developer’s results demonstrate resilience in the emirate’s real estate sector, even as regional markets navigate uncertainty stemming from the ongoing conflict in Iran.
Spain’s Bankinter saw a 16% jump in net profit, while JPMorgan Chase benefited from a resurgence in investment banking activity.
The profit growth was primarily driven by strong transaction volumes in the company’s core residential and commercial portfolios.
Aldar’s ability to maintain sales momentum suggests sustained demand for high-quality assets in Abu Dhabi, insulating the developer from some of the broader macroeconomic pressures affecting the wider Middle East.
The results come as other major financial institutions report mixed second-quarter performance.
Spain’s Bankinter saw a 16% jump in net profit, while JPMorgan Chase benefited from a resurgence in investment banking activity.