Abu dhabi: Aldar today announced the acquisition of an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi - KEZAD Group for AED650 million. The transaction adds 163,000 square metres of modern, income-generating industrial and logistics space to Aldar's growing platform and builds on the company's deepening presence within KEZAD.
According to Emirates News Agency, the transaction comprises three purpose-built, multi-let warehouses within KEZAD's Al Ma'mourah cluster. The assets are 97 percent occupied with a diverse base of 80 tenants spanning food and beverage, FMCG, logistics, manufacturing, and technology services, with anchor tenants including DHL, Spinneys, and Noatum Logistics. Aldar will assume responsibility for asset management, leasing, and property management of the assets.
The acquisition follows Aldar's purchase of the Noon and Emtelle warehouses at KEZAD in November 2025 and reflects the company's continued confidence in the structural strength of Abu Dhabi's real estate market across all major sectors, from residential and commercial to industrial and logistics. The assets increase Aldar's industrial and logistics portfolio to more than 700,000 sqm of space, with a total pipeline exceeding 1.5 million sqm of leasable area.
Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, stated that this acquisition reflects their confidence in Abu Dhabi's long-term economic fundamentals and the structural drivers underpinning demand for quality real estate across the emirate. He emphasized KEZAD's strategic significance as a logistics destination and the quality of the tenant base and income profile of the assets.
Abdullah Al Hameli, CEO, Economic Cities and Free Zones Cluster - AD Ports Group, highlighted the successful sale of the warehouses to Aldar and the strength of their asset monetisation model, which enables capital unlocking at scale. He noted the transaction as a reflection of sustained investor confidence in KEZAD's industrial ecosystem and Abu Dhabi's real estate market.
Located within 10 kilometres of Khalifa Port and with direct access to major highways and Etihad Rail freight services, KEZAD is Abu Dhabi's largest integrated industrial and economic zone. The acquisition strengthens Aldar's real estate platform, which includes a portfolio of over AED49 billion of assets under management and an AED20.1 billion develop-to-hold pipeline, scheduled for delivery over the next four years.