Image: Aldar
Aldar Investment has acquired warehousing and light industrial assets from Waha Capital for Dhs530m, adding 182,500 square metres of net leasable area (NLA) to its growing logistics portfolio.
The freehold assets are located within ALMARKAZ Industrial Park in the Al Dhafra region of Abu Dhabi.
The acquisition strengthens Aldar’s presence in the UAE’s logistics sector, with the newly added assets benefiting from near-full occupancy and a diverse mix of international, regional, and government-related tenants.
ALMARKAZ, a six million square metre industrial and business park developed by Waha Land — a wholly owned subsidiary of Waha Capital — enjoys special economic zone status and is equipped with high-quality infrastructure.
Move is part of Aldar Investment’s strategy to scale
Jassem Salah Busaibe, CEO of Aldar Investment, said the transaction aligns with the company’s strategy to scale and diversify its 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,” Busaibe said.
The buildings acquired offer modular flexibility in unit sizes and heights, catering to a broad tenant base.
The deal complements Aldar’s expanding logistics footprint, which includes Abu Dhabi Business Hub, 7 Central in Dubai Investments Park, upcoming developments at Dubai South, and a 146,000 sqm logistics park being developed with DP World at National Industries Park in Jebel Ali.
For Waha Capital, the transaction marks a strategic milestone following over a decade of investment in transforming the ALMARKAZ site from a greenfield project into a major logistics and industrial hub.
“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,” said Mohamed Hussain Al Nowais, managing director of Waha Capital. “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.”
Both parties signalled interest in exploring future collaboration at the site, which still offers significant development potential amid growing demand driven by e-commerce, intra-regional trade, and population growth.
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