Aldar Properties has acquired integrated logistics assets in ALMARKAZ from Waha Capital for AED 530 million, expanding its logistics portfolio and enhancing its position in the UAE market.

Information on the Target

Aldar Properties has successfully acquired high-quality warehousing and light industrial real estate assets situated in the Al Dhafra region of Abu Dhabi from Waha Capital for AED 530 million. This acquisition encompasses a net leasable area (NLA) of 182,500 square meters, contributing significantly to Aldar’s income-generating logistics portfolio. The assets are integrated within the ALMARKAZ Industrial Park, a premier development acknowledged for its strategic importance and special economic zone status.

The ALMARKAZ Industrial Park, developed by Waha Land—an entity fully owned by Waha Capital—covers an expansive area of 6 million square meters. This location not only showcases prime infrastructure, but is also set against the backdrop of increasing demand for logistics space fueled by e-commerce, population growth, and regional trade developments.

Industry Overview in the Target’s Specific Country

The logistics sector in the UAE has been witnessing remarkable growth, driven by various factors including the diversification of the economy and an uptick in e-commerce activity. The continuous push towards enhancing trade routes and