Aldar announces $1.035bn new projects across Abu Dhabi

Located in Al Shamkha, the project is close to Zayed International Airport and connected to major highways linking Abu Dhabi and Dubai

Staff Writer
Staff Writer
Aldar to develop new homes for Abu Dhabi rental market through AED 3.8 billion investment In recurring income portfolio
ldar is also expanding its logistics holdings with new facilities to meet growing demand for warehousing and distribution space. Image: Aldar

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Aldar has announced develop-to-hold projects in Abu Dhabi worth AED 3.8 billion, increasing their total pipeline to AED 17.6 billion. These projects include residential rental units in Alreeman and Yas Island, the Yas Business Park, logistics facilities, and Abu Dhabiโ€™s first Tesla Experience Centre.

Key points

  • Aldar unveils AED 3.8 billion develop-to-hold projects in Abu Dhabi, expanding its portfolio.
  • Projects include 2,000 Alreeman rental units, Yas Island housing, and Yas Business Park.
  • Aldar will also develop a Tesla centre and expand logistics holdings in Abu Dhabi.

Aldar has announced a series of develop-to-hold projects across the residential, commercial, and logistics sectors in Abu Dhabi, with a combined gross development value of AED 3.8 billion. The new developments bring the companyโ€™s total develop-to-hold pipeline to AED 17.6 billion.

The company stated that the investments reinforce its focus on expanding its recurring income portfolio, supporting diversification across key real estate sectors, and strengthening its position in the Abu Dhabi market.

“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 incomegenerating assets across the UAE while responding to client requirements for professionally managed commercial, residential, logistics, hospitality, retail and education assets,” Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment said in a statement.

Aldar to add 2,000 Alreeman rental units and Yas Island housing

Aldar will develop a new residential community in Alreeman that will offer almost 2,000 studios, one-, two-, and three-bedroom units for the rental market. The development will include community retail, leisure amenities, and open green spaces.

Located in Al Shamkha, the project is close to Zayed International Airport and connected to major highways linking Abu Dhabi and Dubai, as well as key lifestyle destinations including Yas Island and Saadiyat Island.

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Aldar will also deliver 665 rental units on Yas Island, including a gated community with 217 townhouses and villas designed for young professionals and families. The company will also add 448 new apartments as an extension to Yas Residential Village, a community for staff working on the island.

Aldar launches Yas Business Park and Tesla Centre in Abu Dhabi

In the commercial sector, Aldar is focusing on delivering Grade A office space in strategic business districts across the UAE. Following the pre-leasing of Yas Place, Aldar will now develop Yas Business Park on Yas Island.

Yas Business Park will feature four towers providing 47,500 square metres of leasable office space. The site, located next to Yas Mall and Aldarโ€™s headquarters at Aldar Square, will offer access to nearby retail and leisure amenities. The development will include flexible floorplates, public areas, and on-site facilities.

Completion of Yas Business Park is expected in the second half of 2027. The project forms part of Aldarโ€™s wider plan to expand its commercial real estate portfolio across Abu Dhabi.

Develop-to-hold pipeline reaches AED 17.6bn as Aldar strengthens investment focus

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Aldar is also expanding its logistics holdings with new facilities to meet growing demand for warehousing and distribution space. Building on the performance of Abu Dhabi Business Hub (ADBH), which has achieved occupancy above 93 percent following its 2024 expansion, Aldar will add 175,000 square metres of gross floor area on an adjacent site.

The development will serve tenants in third-party logistics, e-commerce, and distribution sectors. Located with direct access to the E30 highway, the project will support Abu Dhabiโ€™s logistics infrastructure and align with the UAEโ€™s economic diversification objectives.

The investment also includes a plan to develop Abu Dhabiโ€™s first Tesla Experience Centre, a 5,000 square metre facility featuring a showroom, service centre, and delivery hub on Yas Island.

Upon completion, the residential, commercial, and logistics projects will become part of Aldar Investmentโ€™s portfolio, which currently comprises income-generating real estate valued at AED47 billion. The company stated that its asset management and leasing operations position these new developments to achieve strong leasing performance once operational.

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