Abu Dhabi real estate giant Aldar has made a significant investment in logistics and commercial real estate, spending Dh530 million to acquire assets in the Almarkaz Industrial Park, located in the Al Dhafra region. The seller of these assets is Waha Land, a subsidiary of Waha Capital.

This latest acquisition adds 182 500 square meters of net leasable area to Aldar Investment’s logistics portfolio. Previously, Aldar had also purchased commercial real estate assets in Dubai Investments Park, recognizing the sector’s high-growth potential. The Almarkaz Industrial Park spans 6 million square meters and has been designated as a ‘special economic zone.’

Aldar’s new properties are nearly fully occupied and feature a diverse mix of tenants, including international, regional, and government-related entities. This acquisition complements Aldar’s existing logistics-themed assets, which include the Abu Dhabi Business Hub and the 7 Central facility in Dubai Investments Park, along with future developments at the National Industries Park in Jebel Ali and sites in Dubai South.

Jassem Salah Busaibe, CEO of Aldar Investment, stated that the company’s logistics platform is expanding in both Abu Dhabi and Dubai, driven by the demand for well-located premium logistics and industrial spaces. He emphasized the quality and growth potential of the newly acquired assets at Almarkaz, which provide established warehousing solutions with strong fundamentals.