Aldar has announced the acquisition of integrated warehousing and light industrial assets in the ALMARKAZ Industrial Park from Waha Capital for AED530 million, further strengthening its logistics and industrial real estate portfolio.
The acquired freehold assets add 182,500 square metres of net leasable area (NLA) to Aldar Investment’s income-generating logistics platform. Situated within the 6 million sqm ALMARKAZ development in Al Dhafra, the site enjoys special economic zone status and was originally developed by Waha Land, a wholly owned subsidiary of Waha Capital.
High-Quality Infrastructure with Near Full Occupancy
ALMARKAZ has emerged as a critical logistics hub in Abu Dhabi, benefitting from advanced infrastructure and increasing demand driven by intra-regional trade, e-commerce growth, and population expansion. The flexible design of the acquired properties allows tenants to choose from a range of unit sizes and building heights, offering strong modularity.
With near full occupancy, the properties host a diverse tenant mix, including international, regional, and government-related entities. The acquisition supports Aldar’s strategic focus on growing its logistics footprint, which already includes Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming developments in Dubai South and National Industries Park (NIP) in Jebel Ali.
Executives Highlight Strategic Value and Collaboration Potential
Jassem Salah Busaibe, CEO of Aldar Investment, said:
“The acquisition of assets at ALMARKAZ from Waha is another step in Aldar’s ongoing expansion within the UAE’s logistics sector, aligning with our strategy to scale and diversify our recurring income streams. Our logistics platform continues to grow across Abu Dhabi and Dubai, capitalising on demand for well-located premium logistics and industrial space. The assets at ALMARKAZ provide well-established, high-quality warehousing with strong fundamentals and growth potential.”
Mohamed Hussain Al Nowais, Managing Director of Waha Capital, added:
“Waha Capital is proud to have supported Waha Land’s transformation of ALMARKAZ into a key pillar of Abu Dhabi’s logistics and industrial landscape. Over more than a decade, our backing has enabled the creation of a high-quality, income-generating platform that contributes to the diversification of the Emirate’s economy. This transaction reflects the scalability and value of the platform we’ve built and demonstrates our commitment to long-term value creation. We’re pleased to collaborate with Aldar on this milestone.”
Positioning for Long-Term Growth in UAE Logistics
The transaction reflects Aldar’s long-term strategy to strengthen its presence in the UAE’s logistics sector. With additional assets under development and partnerships like the one with DP World for a 146,000 sqm logistics park at NIP, Aldar is reinforcing its role as a major player in shaping the UAE’s industrial and supply chain infrastructure.
