In a significant move to bolster its presence in the emirate, Aldar has revealed plans to invest AED 3.8 billion in various residential, commercial, and logistics projects across Abu Dhabi. This ambitious initiative showcases Aldar’s commitment to expanding its development portfolio while meeting the rising demand for diverse real estate solutions in the region.
Based in Abu Dhabi, Aldar is set to launch a series of develop-to-hold projects that together carry a gross development value of AED 3.8 billion. These new ventures will enhance Aldar’s develop-to-hold pipeline, which now totals AED 17.6 billion.
Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, stated, “Our latest investments reflect the strong demand we are seeing for residential rental units, Grade A commercial space, and logistics real estate in Abu Dhabi. The develop-to-hold strategy is a core growth driver for Aldar, enabling us to significantly expand our diverse portfolio of income-generating assets across the UAE while responding to client requirements for professionally managed commercial, residential, logistics, hospitality, retail, and education assets.”
Aldar’s Initiatives Enhance Rental Market
Among the major developments is a new residential community in Alreeman, Al Shamkha, which will introduce nearly 2,000 studios and one-, two-, and three-bedroom units to the rental market. The project promises additional amenities, including community retail spaces and open green areas.
Strategically located close to Zayed International Airport, the development offers seamless access to major roadways linking Abu Dhabi with Dubai, as well as popular lifestyle areas such as Yas Island and Saadiyat Island.
Aldar is also set to enhance the rental offering on Yas Island by delivering 665 additional units. This includes a gated community of 217 townhouses and villas designed for young professionals and families. An extension of Yas Residential Village will introduce 448 new apartments tailored for staff working on the island.
Commercial Projects to Transform Workspaces
In the realm of commercial developments, Aldar will construct Yas Business Park, a complex comprising four office towers with 47,500 square meters of Grade A leasable space. Conveniently situated near Yas Mall and Aldar’s headquarters at Aldar Square, this development aims to provide tenants with functional and customizable work environments alongside public amenities.
The completion of Yas Business Park is projected for the latter half of 2027, further underscoring Aldar’s commitment to enhancing Abu Dhabi’s business landscape.
Expansion of Logistics Capabilities
Aldar’s strategic growth plan also includes an expansion of the Abu Dhabi Business Hub, capitalizing on its success with occupancy rates surpassing 93 percent following a recent expansion in 2024. The company plans to add 175,000 square meters of logistics space aimed at third-party logistics and e-commerce tenants, all benefiting from direct access to the E30 highway.
Additionally, the investment plan incorporates the upcoming Abu Dhabi Tesla Experience Centre, which will cover 5,000 square meters and feature a showroom, service center, and delivery operations.
Upon finalization, these new projects will enrich Aldar Investment’s extensive portfolio, which currently encompasses income-generating real estate valued at approximately AED 47 billion. As Aldar embarks on this exciting journey, the AED 3.8 billion investment in Abu Dhabi promises to reshape the emirate’s real estate landscape, catering to the diverse needs of its residents and businesses.