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Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million

Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million

Gulf Today6 days ago
Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for Dhs530 million.
The assets, which are located at ALMARKAZ Industrial Park - a flagship Industrial and Business Park Development - add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio.
The freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site.
AL MARKAZ benefits from high quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allow for tenants to select from a range of unit sizes and building heights, offering excellent modularity.
The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South.
Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "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, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.'
The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial hub.
Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, '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 directly contributes to the diversification of the Emirate's economy. This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.'
The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali.
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Aldar Deepens Logistics Reach with AED 530 Million Almarkaz Deal
Aldar Deepens Logistics Reach with AED 530 Million Almarkaz Deal

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Aldar Deepens Logistics Reach with AED 530 Million Almarkaz Deal

Aldar Investment has sealed the acquisition of 17 high‑quality warehousing and light industrial units from Waha Capital for AED 530 million, immediately expanding its net leasable area by 182,500 sq m at Almarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, now near full occupancy, welcome a mix of international, regional and government-related tenants, reinforcing Aldar's logistics footprint across the UAE. The Almarkaz site spans six million sq m and operates under special economic zone status, offering premium infrastructure and modular facility design that enables seamless scalability. With this purchase, Aldar's logistics portfolio surpasses 600,000 sq m of operational and under-development space, encompassing holdings in Abu Dhabi's Business Hub, Dubai's 7 Central, and forthcoming logistics parks at Dubai South and Jebel Ali with DP World. Jassem Salah Busaibe, CEO of Aldar Investment, explained the deal aligns closely with the firm's strategic direction to enhance and diversify recurring revenue streams. He noted demand for 'well-located premium logistics and industrial space' across Abu Dhabi and Dubai continues to intensify, underpinning Aldar's capital allocation into high-quality warehousing with 'strong fundamentals and growth potential'. ADVERTISEMENT For Waha Capital, the divestment marks a pivotal phase in extracting value from over a decade of development at Almarkaz. Mohamed Hussain Al Nowais, Managing Director at Waha Capital, praised the transformation of the property from a green‑field plot to a strategic logistics hub, describing the sale as a validation of the platform's scalability and the group's long‑term, value‑creation objectives. Market observers attribute this flurry of logistics investment to several drivers. E‑commerce growth, burgeoning regional trade flows, and population expansion are converging, creating heightened demand for grade‑A logistics assets. The Almarkaz facilities, offering modular layouts with variable unit sizes and heights, are well suited to support this evolving tenant landscape. Analysts also view Aldar's move as reinforcing its status as a leading logistics landlord in the UAE, Ramsay Consultants senior director Sarah Al‑Zafiri remarked: 'By adding scale, occupancy and diversification, Aldar is consolidating its edge in a competitive sector increasingly driven by global supply chain dynamics.' The company's pipeline of projects in Jebel Ali and Dubai South—particularly the joint venture with DP World—demonstrates a long‑term commitment to expand capacity in line with regional logistics demand. The strategic purchase comes against the backdrop of Abu Dhabi's broader economic agenda, driving diversification away from hydrocarbons towards industrial, logistics and business infrastructure development. It aligns with the Emirate's infrastructure milestone ambitions, including that of Almarkaz itself, which grew under government-backed initiatives and Waha Capital's vision over the past decade. Financially, the AED 530 million consideration—equivalent to US$144 million—reflects growing investor appetite for stable, income-generating real estate underpinned by long‑term leases and resilient tenant profiles. The acquisition further strengthens Aldar's balance sheet diversification, reinforcing revenue stability as the logistics unit contributes increasingly meaningful recurring income. Looking ahead, both Aldar and Waha Capital signalled openness to future collaborations within Almarkaz. Their aligned interests, combined with the availability of undeveloped land and infrastructure, could unlock new logistic and industrial developments. With Almarkaz now integrated into Aldar's ecosystem, and development momentum building in key zones like Dubai South, Jebel Ali and across Abu Dhabi, the move positions the Emirates to benefit from an expanding logistics network. As strategic partnerships and phased developments roll out, the sector appears primed to support national economic diversification goals alongside private-sector returns.

Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million
Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million

Gulf Today

time6 days ago

  • Gulf Today

Aldar acquires integrated logistics assets in ALMARKAZ from Waha Capital for Dhs530 million

Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for Dhs530 million. The assets, which are located at ALMARKAZ Industrial Park - a flagship Industrial and Business Park Development - add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio. The freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. AL MARKAZ benefits from high quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allow for tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South. Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "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, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial hub. Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, '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 directly contributes to the diversification of the Emirate's economy. This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali. WAM

Aldar acquires integrated logistics assets in ALMARKAZ for $144.3mln
Aldar acquires integrated logistics assets in ALMARKAZ for $144.3mln

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Aldar acquires integrated logistics assets in ALMARKAZ for $144.3mln

Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million. The assets, which are located at ALMARKAZ Industrial Park - a flagship Industrial and Business Park Development - add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics portfolio. The freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the site. AL MARKAZ benefits from high quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allow for tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai South. Jassem Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "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, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial hub. Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, '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 directly contributes to the diversification of the Emirate's economy. This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali.

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