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Alliances Development Real Estate Posts 30% Revenue Surge in Q2 2026
Alliances Développement Immobilier continued its robust growth trajectory in the second quarter of 2026, delivering a 30% jump in quarterly revenue to MAD 803 million. The company also improved its balance sheet, cutting net debt to MAD 1.179 billion and securing a solid order book worth roughly MAD 4.5 billion. Backed by a strong pipeline of projects—including two large lotissements in the north, a high‑end development in M’Diq, and three medium‑to‑high‑end projects in Marrakech—the group confirmed its commitment to expanding Morocco’s real‑estate sector while maintaining financial flexibility.
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Key Financial Highlights
Alliances Développement Immobilier reported consolidated revenue of MAD 803 million for Q2 2026, up 30 % from MAD 618 million in Q2 2025. Cumulative revenue as of 30 June 2026 reached MAD 1.418 billion, compared with MAD 1.333 billion a year earlier.
Net debt fell to MAD 1.179 billion in Q2 2026 from MAD 1.278 billion in Q1 2026, underscoring improved financial flexibility.
Project Portfolio and Development Activity
The group’s pipeline remains robust, with an estimated revenue potential of MAD 23 billion over the coming years. Recent launches include two large‑scale lotissements in the North, a high‑end development in M'Diq, and three medium‑to‑high‑end projects in Marrakech.
Order Book and Production Numbers
The secured order book totals roughly MAD 4.5 billion. As of 30 June 2026, the company had 6,312 units under construction, confirming its growth trajectory. Pre‑sales in Q2 2026 reached 1,639 units, a 16 % increase over the same quarter in 2025 (1,409 units).
The scope of consolidation remained unchanged during the quarter.