Aldar Group revealed, in a statement on the Abu Dhabi Securities Exchange website, the launch of a series of new projects in Abu Dhabi within its development and holding assets portfolio across residential, commercial, and logistics properties, with a total value of AED 3.8 billion (approximately $1.03 billion).
This move reflects Aldar's commitment to strengthening its leadership in the Abu Dhabi real estate market and diversifying its offerings in the sector, while supporting the growth of its portfolio of recurring income-generating assets. These projects bring the value of Aldar's portfolio of development and holding assets under construction to approximately AED 17.6 billion, enhancing the group's ability to achieve sustainable long-term growth.
On this occasion, Jassim Saleh Busaibe, Chief Executive Officer of Aldar Investments, said: “Our new investments reflect the strong demand we are witnessing for residential rental units, Grade A commercial space, and logistics properties in Abu Dhabi. The development and retention strategy is a key pillar of Aldar’s growth, opening up vast potential for us to grow our diverse portfolio of recurring income-generating assets across the UAE, while simultaneously meeting the significant demand for highly managed assets, which include commercial, residential, logistics, hospitality, retail, and education properties.”
residential properties
Aldar's approach to developing residential properties within its development and retention portfolio focuses on implementing distinguished projects in desirable locations that meet the needs of various customer segments. In its latest investment, Aldar will develop a new residential complex in the Al Reeman project, comprising approximately 2,000 residential units, including studios and one-, two-, and three-bedroom apartments, to meet the needs of the rental market.
Residents will enjoy an integrated lifestyle that combines community spaces, diverse retail options, modern entertainment facilities, and other open green spaces.
The new residential project is located in Al Shamkha, close to Zayed International Airport and directly connected to the main highway network that runs between Abu Dhabi and Dubai. The project also enjoys proximity to Abu Dhabi's most prominent entertainment and cultural destinations, including Yas Island and Saadiyat Island.
Aldar will also offer 665 rental units on Yas Island, located near the island's premier entertainment facilities and world-class shopping malls.
The new projects include a gated residential community comprising 217 townhouses and villas, designed to meet the growing demand from young professionals and families looking to enjoy the unique lifestyle on Yas Island, while also being close to prestigious educational institutions, diverse entertainment options, and modern workspaces. Additionally, Aldar will develop 448 new apartments as an extension of Yas Village, a community dedicated to employees working on the island.
commercial real estate
Aldar is adopting a strategic approach to commercial real estate development within its Develop and Retain portfolio, focusing on creating high-quality office space in key business hubs across the UAE to meet the growing demand for Grade A office space. Following the successful pre-leasing of the recently completed Yas Place project on Yas Island, Aldar is developing Yas Business Park, which will revolutionize the commercial real estate landscape on Yas Island. It will comprise four uniquely designed towers, providing a total of 47,500 square meters of leasable space.
This new commercial project enjoys a strategic location next to Yas Mall and the group's headquarters in Aldar Square. It will provide tenants with unparalleled access to a mega-regional shopping mall, offering a wealth of shopping, dining, and entertainment options just a short walk away. This makes it a unique and attractive destination for tenants seeking fully serviced work environments that meet all their requirements and offer a range of amenities. The complex also features customizable office spaces that offer maximum flexibility, as well as vibrant public spaces and modern facilities equipped with the latest modern solutions.
The project is scheduled for completion by the second half of 2027, marking a qualitative addition in line with Aldar's strategy to develop advanced commercial assets in key destinations in the Emirate of Abu Dhabi.
Logistics real estate
In terms of logistics assets, Aldar is adopting a distinct approach that focuses on developing modern facilities in prime locations that meet tenant needs, in response to the high demand for high-quality warehousing and distribution space in the UAE.
After achieving occupancy rates exceeding 93 percent following its expansion in 2024, Aldar is currently expanding the center on an adjacent site. This expansion will add 175,000 square meters of gross floor area to meet the needs of a diverse group of tenants, including those in the logistics, e-commerce, and distribution sectors.
This investment reflects the growing demand for modern, premium logistics infrastructure in Abu Dhabi, as high occupancy levels in the Industrial City of Abu Dhabi indicate a shortage of premium warehousing space. The project will benefit from its strategic location and direct access to the E30 highway, enhancing connectivity to Abu Dhabi's advanced transportation networks and supporting the UAE's vision to promote economic diversification.
The total investment also includes the recently announced plan to develop the first Tesla Customer Experience Center in Abu Dhabi. This 5,000-square-meter facility will be specifically designed for the brand's needs and will include a showroom, service center, and vehicle reception area. This project forms part of Aldar's growing portfolio of high-quality, bespoke assets and further cements Yas Island's position as a leading destination for major global brands seeking to establish a presence in the region.
Upon completion, the new residential, commercial, and logistics projects will join Aldar Investments' portfolio of recurring income-generating real estate assets worth AED 47 billion.
Building on its proven track record of success and achievements in value creation, Aldar Investments possesses extensive expertise in asset management and leasing, which will support these new projects in generating strong rental returns upon their operation.
