Aldar expands its Dubai portfolio with new properties on the horizon!

Becoming the world’s oyster in hosting some of the finest developments seen, Dubai has maintained its high standards of hosting ultra-luxurious developments throughout the real estate market.

To maintain that reputation and in being the world’s finest, Abu Dhabi-based developer; Aldar Properties is set to expand its footprint in Dubai’s market with two upcoming projects.

And we’ve got everything you need to know…

The first of their kind

This is the first commercial development in Dubai: a Grade A office tower on Sheikh Zayed Road, adjacent to the Dubai International Financial Centre. This marks a significant move for the company, as they have seen success with its recent residential projects in the emirate.

The new development will feature a state-of-the-art office tower with a leasable area of 88,000 square metres.

Plus with the addition of premium office spaces, the project will include a luxury boutique hotel and branded residences, offering a blend of commercial and residential - a trend we’ve been seeing developers take on commonly since Q1 2024.

This development is situated on one of the last undeveloped prime freehold plots in the area, and is scheduled for completion by Q4 of 2027. Its strategic location provides excellent connectivity, being within walking distance of the Emirates Towers Metro Station, and directly on Sheikh Zayed Road.

Another addition: '6 Falak' in Dubai Internet City

Set to move their base to Dubai’s key business districts, Aldar has also signed an agreement to acquire the '6 Falak' office building in Dubai Internet City from the previous developers; Sweid & Sweid.

This tower was initially completed in March 2024 and is a high-quality, fully occupied asset with a net leasable area of 9,100 square metres. This property is located on one of the last freehold plots in the DIC community.

The total investment for these projects amounts to AED 1.8 billion, which comes in line with Aldar's plans to expand its portfolio in Dubai.

These investments also mark Aldar’s first major commercial property developments outside of Abu Dhabi. Over the past two years, Aldar’s commercial portfolio has grown significantly, now comprising of 13 operational assets with a total lease space of over 465,000 square metres. They also have an impressive occupancy rate of 97%.

Isn’t that incredible?

If you have a commercial unit on your mind, you could definitely drop our commercial team a line!