Real Estate Company Acquires Logistics Assets in Abu Dhabi

Aldar, a prominent Abu Dhabi real estate company, has expanded its logistics and commercial real estate portfolio with a Dh530 million acquisition in Almarkaz Industrial Park, located in the Al Dhafra region. The seller of the assets was Waha Land. This strategic move further strengthens Aldar's presence in the logistics sector, which it views as a high-growth area.

The acquisition adds 182,500 square meters of net leasable area to Aldar Investment's logistics portfolio. The newly acquired properties within the 6 million square meter Almarkaz Industrial Park are nearly fully occupied by a diverse tenant base, including international, regional, and government-related entities. This deal also opens opportunities for future collaboration between Aldar and Waha.

These new assets complement Aldar's existing logistics holdings, such as the Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, along with upcoming projects in Jebel Ali's National Industries Park and Dubai South. According to Jassem Salah Busaibe, CEO of Aldar Investment, this expansion capitalizes on the growing demand for premium logistics and industrial space in both Abu Dhabi and Dubai.