Aldar Properties announced Tuesday its plan to invest an additional Dh5 billion in developing income-generating assets across key destinations in Abu Dhabi. These assets, to be held in the company’s investment portfolio, will be delivered between 2025 and 2027.
The strategy aligns with Aldar’s ongoing acquisition of recurring income assets and aims to activate its landbank by developing various real estate asset classes. The new investment will focus on value-enhancing commercial, retail, and hospitality assets, complementing the existing develop-and-hold portfolio, which includes logistics assets.
“Aldar is driving rapid expansion of its high-value asset portfolio through a disciplined acquisition and develop-and-hold approach, to significantly increase recurring-income streams and long-term capital appreciation,” said Talal Al Dhiyebi, Group CEO of Aldar Properties. “This integrated business model is ratcheting up growth across our core UAE businesses, driven by strong demand for premium real estate.”
Strong pipeline
Driven by robust demand for Grade A office space in Abu Dhabi, the investment will see Aldar develop new commercial assets across Yas Island, Saadiyat Island, and Al Maryah Island. This includes a new 12-storey office tower on Yas Island, expected to be handed over in 2025, and a business park with approximately 26,000 sqm of leasable area at Saadiyat Grove, set for completion in 2027.
On Al Maryah Island, Aldar will extend its partnership with Mubadala by adding a second Grade A commercial tower to the site, increasing the total leasable area to 98,000 sqm by 2027.
Additionally, Aldar will develop retail spaces at Saadiyat Grove and other key Abu Dhabi communities, including Saadiyat Lagoons, Noya, and Yas Golf Collection. The company also plans to develop and manage a new Nobu-branded hotel on Saadiyat Island, with completion expected in the second quarter of 2027.
Once completed, the office and retail assets will become part of the Aldar Investment Properties portfolio, which currently holds Dh25 billion of income-generating real estate assets.
