Today's Edition
ABU DHABI (ALETIHAD)
Aldar announced plans to develop new residential, commercial, and logistics projects in Abu Dhabi worth Dh3.8 billion, in a move aimed at expanding its recurring income portfolio and strengthening its leadership position in the emirate’s real estate market.
In a statement, Aldar on Monday said the new investments would add to its develop-to-hold pipeline, which now stands at Dh17.6 billion, and will contribute to the company’s long-term strategy of building scale and diversification across asset classes.
Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, said: “Our latest investments reflect the strong demand we are seeing for residential rental units, Grade A commercial space, and logistics real estate in Abu Dhabi. The develop-to-hold strategy is a core growth driver for Aldar, enabling us to significantly expand our diverse portfolio of income-generating assets across the UAE while responding to client requirements for professionally managed commercial, residential, logistics, hospitality, retail, and education assets.”
Under the residential segment, Aldar will develop a new community in Alreeman, Al Shamkha, offering around 2,000 studios, one-, two-, and three-bedroom units for the rental market. The project will include community retail, leisure amenities, and green spaces, with direct links to major highways and proximity to Zayed International Airport, Yas Island, and Saadiyat Island.
On Yas Island, Aldar will deliver 665 residential units, including a gated community of 217 townhouses and villas, designed for young professionals and families. In addition, 448 apartments will be developed as an extension of Yas Residential Village, providing accommodation for employees working on the island.
In the commercial segment, Aldar said it would develop Yas Business Park, a new office complex that will feature four towers with 47,500 square metres of leasable space. The project will be located next to Yas Mall and Aldar’s headquarters at Aldar Square, giving tenants access to shopping, dining, and entertainment options within walking distance. The office park is expected to be completed by the second half of 2027, and will include flexible floorplates, public spaces, and modern amenities.
The company noted that Yas Business Park follows the successful pre-leasing of Yas Place, a recently completed commercial building on Yas Island, reflecting sustained demand for Grade A office space in Abu Dhabi’s key business districts.
In the logistics sector, Aldar is expanding Abu Dhabi Business Hub (ADBH) following high occupancy levels of over 93% achieved after its 2024 expansion. The new phase will add 175,000 square metres of gross floor area adjacent to the current site, catering to tenants in third-party logistics, e-commerce, and distribution.
Aldar said this investment responds to strong demand for high-quality warehouse and distribution facilities in the emirate, with limited supply of Grade A logistics space. The development, located with direct access to the E30 highway, will leverage Abu Dhabi’s strategic location and robust transport infrastructure to support the UAE’s economic diversification efforts.
The company added that the overall investment also includes Abu Dhabi’s first Tesla Experience Centre, a 5,000-square-metre facility featuring a showroom, service centre, and delivery hub. The centre forms part of Aldar’s build-to-suit projects on Yas Island, reinforcing its position as a preferred destination for leading global brands.
Once completed, all new residential, commercial, and logistics projects will become part of Aldar Investment’s portfolio, which currently includes Dh47 billion worth of income-generating assets. Aldar said these developments are well positioned to deliver strong leasing income, benefiting from the company’s proven track record in asset management and proactive leasing.
