Aldar Properties, Abu Dhabi's largest listed developer, said on Tuesday it had generated sales worth Dh1.9 billion ($517.3 million) in the first half of the year across three new developments in the UAE emirate.

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 ($140 million) in the second quarter, up marginally from the Dh505.8 million ($137.7 million) it made in the corresponding period of 2014.

Commenting on the results, CEO Mohammad Al Mubarak, said: “We have seen very strong sales activity across our new projects in the first half of 2015. Together these projects have generated Dh1.9 billion in committed sales and this underscores our strategy of bringing the right products to the market at the right time."

"We continue to see demand in Abu Dhabi for infrastructure enabled land and high quality residential communities and will continue to launch projects that meet this demand and support the growth of the emirate," he added.-Reuters and TradeArabia News Service