Aldar Properties Acquires AED 650M Industrial and Logistics Portfolio at KEZAD in Abu Dhabi

Aldar Properties PJSC has completed a real estate acquisition of an industrial and logistics portfolio from AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group for AED 650 million, the company announced April 23, 2026. The transaction adds 163,000 square metres of warehouse real estate across three purpose-built, multi-let facilities within KEZAD's Al Ma'mourah cluster in Abu Dhabi.

Logistics Portfolio Details and Tenant Base

The three warehouses in the Al Ma'mourah cluster are currently 97% occupied by a diverse base of 80 tenants operating across food and beverage, fast-moving consumer goods, logistics, manufacturing, and technology services sectors. Anchor tenants include DHL, Spinneys, and Noatum Logistics. Aldar will assume responsibility for asset management, leasing, and property management of the assets following the close of the transaction.

The portfolio is located within 10 kilometres of Khalifa Port and benefits from direct access to the E11 and E311 highway network, as well as Etihad Rail freight services. KEZAD is Abu Dhabi's largest integrated industrial and economic zone.

Second KEZAD Transaction for Aldar in Less Than a Year

The acquisition marks the second transaction Aldar has completed with AD Ports Group at KEZAD, following the company's purchase of the Noon and Emtelle warehouse facilities at the same zone in November 2025. The back-to-back deals reflect a deepening commercial relationship between the two Abu Dhabi-based entities.

With the addition of the Al Ma'mourah assets, Aldar's industrial and logistics portfolio now exceeds 700,000 square metres of space, with a total development pipeline surpassing 1.5 million square metres of leasable area. The broader Aldar investment platform comprises more than AED 49 billion of assets under management, complemented by an AED 20.1 billion develop-to-hold pipeline scheduled for delivery over the next four years.

Executive Commentary

Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment, said: "This acquisition reflects our confidence in Abu Dhabi's long-term economic fundamentals and the structural drivers underpinning demand for quality real estate across the emirate. KEZAD is one of the most strategically significant logistics destinations in the region, and the quality of the tenant base and income profile of these assets speaks for itself. We are building an industrial and logistics platform with real scale, institutional rigour, and flexibility to serve a wide spectrum of occupiers. This transaction is a significant step in that journey, and we look forward to continuing to work with AD Ports Group as we grow our presence across the zone."

Abdullah Al Hameli, CEO of the Economic Cities & Free Zones Cluster at AD Ports Group, said: "The successful sale of the three KEZAD Logistics Park warehouses to Aldar reinforces the strength of our asset monetisation model, which enables us to unlock capital at scale and redeploy it with discipline into high-return growth opportunities, including the expansion of our warehouse infrastructure, while continuing to de-leverage the Group's balance sheet. As our second transaction with Aldar in less than a year, this milestone reflects sustained investor confidence in KEZAD's world-class industrial ecosystem, and the strength and resilience of Abu Dhabi's industrial and logistics real estate market."

Strategic Context: Industrial Real Estate in Abu Dhabi

The transaction reflects Aldar's stated conviction in industrial and logistics as a high-growth asset class, anchored by the UAE's position as a regional trade and logistics hub. The acquired portfolio carries a 97% occupancy rate across its three warehouse facilities.

For AD Ports Group, the disposition aligns with a stated strategy of monetising stabilised assets to fund reinvestment in new warehouse infrastructure and reduce balance sheet leverage. The KEZAD zone's proximity to Khalifa Port and multimodal transport links — including Etihad Rail — positions it as a key node in Abu Dhabi's logistics infrastructure, attracting tenants across a range of industries.

The acquisition of the KEZAD Al Ma'mourah logistics portfolio adds to Aldar's broader real estate platform, which spans residential, commercial, and industrial sectors across Abu Dhabi.