Aldar Bolsters Logistics Portfolio with AED 530 Million Acquisition from Waha Capital

In a strategic move to expand its presence in the UAE’s thriving logistics sector, Aldar Properties, Abu Dhabi’s leading real estate developer, has acquired a portfolio of high-quality logistics assets from Waha Capital for AED 530 million ($144 million). Announced on July 1, 2025, the acquisition includes warehousing and light industrial real estate assets located in the Almarkaz Industrial Park in Abu Dhabi’s Al Dhafra region. This deal adds 182,500 square meters of net leasable area (NLA) to Aldar’s growing logistics portfolio, reinforcing its position as a key player in the UAE’s real estate and logistics markets. Details of the Acquisition The acquired assets are part of the 6-million-square-meter Almarkaz Industrial Park, a flagship development by Waha Land, a wholly-owned subsidiary of Waha Capital. The park holds Special Economic Zone status, which provides tax and regulatory benefits, making it an attractive hub for businesses. The assets are nearly fully occupied, hosting a diverse mix of international, regional, and government-related tenants. The buildings offer modular flexibility in unit sizes and heights, catering to a broad tenant base and ensuring adaptability to various business needs. DetailInformationAcquirerAldar PropertiesSellerWaha Capital (via Waha Land)Assets AcquiredWarehousing and light industrial assets in Almarkaz Industrial Park, Al DhafraTotal Net Leasable Area (NLA)182,500 sqmTransaction ValueAED 530 million ($144 million)Occupancy StatusNear full occupancyAdditional ContextPart of