Abu dhabi: Aldar has announced a series of major develop-to-hold projects in Abu Dhabi across the residential, commercial, and logistics sectors, with a combined gross development value totaling AED 3.8 billion. The developments underscore the company’s commitment to strengthening its leadership in the Abu Dhabi market, enhancing sector diversification, and scaling its recurring income portfolio. These projects bring Aldar’s sizeable develop-to-hold pipeline to AED 17.6 billion.
According to Emirates News Agency, Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, stated that their latest investments reflect strong demand 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 significant expansion of their portfolio of income-generating assets across the UAE while responding to client requirements for managed assets in various sectors.
Aldar’s approach for residential real estate focuses on delivering well-located and desirable projects to suit a wide variety of customer needs. In its latest investment, Aldar will develop a new residential community in Alreeman, offering almost 2,000 studios, 1-, 2-, and 3-bed units to the rental market. Residents will enjoy community retail, leisure amenities, and open green spaces. Located in Al Shamkha, the development is a short drive from Zayed International Airport and has direct links to major highways connecting Abu Dhabi and Dubai, as well as vibrant lifestyle destinations like Yas Island and Saadiyat Island.
Additionally, Aldar will deliver 665 units to the rental market on Yas Island, located near the island’s renowned entertainment and retail attractions. The new developments include a gated community with a mix of 217 townhouses and villas, catering to young professionals and families seeking the Yas Island lifestyle, with proximity to schools, leisure offerings, and office spaces.
Aldar will also develop 448 new apartments on the island as an extension to Yas Residential Village, accommodating staff working on the island. On the commercial side, Aldar is focused on developing office space in key business districts to satisfy demand for Grade A space. Following the successful pre-leasing of Yas Place, Aldar is developing Yas Business Park, an office development featuring four architecturally distinct towers with 47,500 square metres of leasable space.
Strategically located next to Yas Mall and Aldar’s headquarters, Yas Business Park offers unmatched connectivity to a super-regional mall, making it an attractive location for corporate tenants. It will feature expansive and customisable floorplates, vibrant public spaces, and state-of-the-art amenities, with completion expected by the second half of 2027.
For logistics assets, Aldar focuses on developing facilities in prime locations to capitalize on growing demand for warehousing and distribution space. Leveraging the strong performance of Abu Dhabi Business Hub, Aldar is expanding on an adjacent site, adding 175,000 square metres of gross floor area, catering to tenant segments like third-party logistics, e-commerce, and distribution.
The investment reflects strong demand for modern logistics infrastructure in Abu Dhabi, with high occupancy levels and demand indicating limited supply of premium space. The development benefits from direct access to the E30 highway, aligning with the UAE’s pursuit of economic diversification.
The overall investment includes plans for Abu Dhabi’s first Tesla Experience Centre, a 5,000 sqm facility featuring a showroom, service centre, and delivery operations. This project is part of Aldar’s growing portfolio of high-quality assets, reinforcing Yas Island’s position as a destination for global brands.
Upon completion, the new residential, commercial, and logistics assets will join Aldar Investment’s portfolio, comprising income-generating real estate valued at AED 47 billion. With a proven track record of value creation, Aldar Investment’s asset management and leasing expertise position these new developments to deliver strong leasing income once operational.