In Abu Dhabi, Aldar buys more logistics assets for hefty Dh530 million

New commercial real estate deal is in Almarkaz Industrial Park

Last updated: July 01, 2025 | 14:24

Manoj Nair, Business Editor

1 MIN READ

Aldar is adding to its logistics and commercial real estate portfolio, this time through a Dh530 million deal.

Bloomberg

Dubai: Abu Dhabi real estate giant Aldar continues to add to its logistics and commercial real estate, spending Dh530 million for assets located in the emirate’s Almarkaz Industrial Park, located in Al Dhafra region. Waha Land was the seller.

Aldar had earlier bought commercial real estate assets in Dubai Investments Park, and had seen the category as offering it high-growth prospects. The deal with Waha will add a further 182,500 square meters of net leasable area to Aldar Investment’s logistics portfolio.

Also Read: Abu Dhabi's Aldar makes first logistics real estate buy in Dubai - at Dubai Investments Park

The new assets are located at the 6 million square meter Almarkaz Industrial Park, developed by Waha Land and a wholly-owned subsidiary of Waha Capital. It has a ‘special economic zone’ status. “With further development potential at Almarkaz, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site,” said a statement.

Aldar gets the new properties that are at near full occupancy with a mix of international, regional and government related tenants. They add to Aldar’s portfolio of logistics-themed assets, which include the Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South.

"Our logistics platform continues to grow across Abu Dhabi and Dubai – capitalising on demand for well-located premium logistics and industrial space," said Jassem Salah Busaibe, CEO of Aldar Investment.

"The assets at Almarkaz provide well-established and high-quality warehousing with strong fundamentals and growth potential."

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.