UAE real estate developer Aldar Properties has revealed its plans to build 233,000 square metres of gross leasable area (GLA) of new logistics facilities in Dubai and Abu Dhabi as part of the company’s Dh1 billion investment plan.
Aldar’s expansion of its UAE logistics real estate business also includes the purchase of seven Central logistics hubs and an adjacent plot located in Dubai Investments Park. Following its development, the plot could almost double the area’s current GLA, which now amounts to 19,000 square metres.
Once the building works are completed, the organisation’s UAE logistics portfolio is projected to span more than 400,000 square metres.
“Asset and geographic diversification are core tenets of our growth strategy, and logistics is becoming an important asset class for Aldar,” said Talal Al Dhiyebi, Group CEO of Aldar Properties. “We are experiencing particularly strong demand for high-grade facilities in the UAE, driven by robust intra-regional trade, high-quality infrastructure, and an expanding digital economy.”
Marking its first logistics acquisition in Dubai, this new investment includes the purchase of new operational assets as well as the development of ready-to-lease and build-to-suit options.
Aldar first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022 and has since been adapting to the strong demand for Grade A logistics facilities.
The new facilities will include single-tenanted facilities and logistics parks in Dubai, developed in partnership with established logistics real estate players, and a 33,000 square metre GLA expansion of the company’s premium logistics facility, ADBH, in Abu Dhabi.
The 132,000 square metre ADBH warehouse portfolio is currently leased to diverse institutional tenants, including Etihad, Mubadala and Twofour54.
