Aldar announced that they are investing $1 billion in residential, commercial, and logistics properties surrounding Abu Dhabi’s Zayed International Airport.
Aldar Properties, the largest real estate developer listed on Abu Dhabi’s stock exchange, has bought two major logistics asset facilities from AD Ports Group subsidiary for Dh570 million ($155.2 million) as part of its plan to expand its industrial footprint.
By making this purchase, Aldar is committing to expanding its logistics and industrial platform across the United Arab Emirates. This will benefit the company from the nation’s rapidly growing demand for industrial real estate.
The two assets are located within the Khalifa Economic Zones Abu Dhabi (Kezad). They are currently used by the UAE e-commerce platform Noon and the manufacturing hub for fibre-optics producer Emtelle.
The property has over 136,000 square metres. It provides direct access to Khalifa Port, Etihad Rail, and major highways, offering tenants exceptional connectivity and ensuring streamlined logistical operations.
KEZAD is now involved in the industrial and commercial development of Abu Dhabi. As the UAE’s largest operator of integrated economic zones, the group takes care of 12 zones across Abu Dhabi, Al Ain, and Al Dhafra, covering an area of 550 square kilometres. The infrastructure and services provided by KEZAD have helped it act as a magnet to attract international investment that seeks opportunities in the region.
The recent deal coincides with the KEZAD Group’s development of the KEZAD Business District (KBD) in Al Ma’mourah. It was planned as an integrated commercial hub, featuring offices, retail outlets, residential accommodations, lodging, educational and professional training facilities, as well as leisure components.
When the hub is completed, it aims to attract companies that are looking to open a regional headquarters, research and innovation centres, service providers, and educational institutions. Through this, the KEZAD Group aims to enhance Abu Dhabi’s reputation as a leading global hub for business and innovation.
There is a growing demand for logistics in the UAE, driven by a surge in e-commerce and the expansion of regional manufacturing, retail, and trade. According to consultancy Knight Frank, Abu Dhabi and Dubai have become hotspots for industrial property investment, with demand for logistics facilities continuing to rise as businesses expand to meet growing consumer preferences and evolving supply chain requirements.
Aldar’s recent acquisition is also part of its broader diversification strategy. The developer was investing in new develop-to-hold projects, which are assets built specifically for long-term leasing rather than immediate sale.
In October, Aldar announced that they are investing $1 billion in residential, commercial, and logistics properties surrounding Abu Dhabi’s Zayed International Airport.
These properties are located in areas such as Yas Island and Al Shamkha, with a value of Dh3.8 billion. These investments were made with the idea of growing a portfolio of income-generating assets. They are designed to cater to professional demand for managed commercial, residential, logistics, hospitality, retail, and education assets across the UAE.
Aldar recently purchased a commercial tower for Dh2.3 billion in the Dubai International Financial Centre, following an increase in demand for office space in the emirate.
The commercial property market in the UAE recorded its highest level of demand in a decade. According to the Royal Institution of Chartered Surveyors, there was a 58% increase during the second quarter of this year, which was its strongest performance since 2014. The office segment led this growth, closely followed by the retail and industrial sectors.
Aldar’s acquisition of Noon and Emtelle logistics is another milestone for the company, demonstrating its ongoing strength and resilience in Abu Dhabi’s logistics and industrial real estate market. As more global investors are attracted to Abu Dhabi’s infrastructure and business-friendly environment, companies like Aldar and KEZAD will play a significant role in changing the city into an industrial and commercial hub.