Aldar Properties is investing AED 1 billion to expand its logistics real estate business in Abu Dhabi and Dubai, acquiring key operational assets and developing new logistics facilities to meet growing demand.

Information on the Target

Aldar Properties, a leading real estate developer, investor, and asset manager in the UAE, is making a significant investment of AED 1 billion to expand its logistics real estate business in both Dubai and Abu Dhabi. This follows the company's strategic entry into the logistics sector with the majority acquisition of the Abu Dhabi Business Hub (ADBH) in 2022. The latest investment consists of the acquisition of operational assets as well as the development of both ready-to-lease and build-to-suit logistics facilities to meet the rising demand for high-quality Grade A logistics properties.

This investment marks Aldar's first logistics acquisition in Dubai with the purchase of the 7 Central logistics hub and an adjacent land plot in Dubai Investments Park. Once the development is completed, it is expected to drastically increase the current gross leasable area (GLA) of 19,000 sqm, thereby enhancing Aldar's market presence in a strategically valuable industrial zone.

Industry Overview in the UAE

The logistics sector in the UAE is undergoing substantial growth, supported by significant investments in transportation and infrastructure. This growth aligns with the country's broader s