Touq Property Services

“Strategic Expansion: Aldar Properties Invests $272 Million in UAE Logistics Portfolio Amid Soaring Demand”

Aldar Properties, the largest listed developer in Abu Dhabi, is making a strategic investment of Dh1 billion ($272 million) to expand its logistics business in the UAE, responding to the growing demand for warehouses in the Emirates amid economic diversification efforts. In a statement to the Abu Dhabi Securities Exchange, Aldar announced the acquisition of seven central logistics hubs and an adjacent land plot in Dubai Investments Park from Seven Seas Steel Industries, marking its inaugural such purchase in the emirate.

In the dynamic landscape of the UAE real estate market, one name stands out for its commitment to excellence and innovation – Touq Property Services. As a leading player in the industry, Touq has redefined the standards of real estate management, offering a comprehensive suite of services that cater to the diverse needs of property owners, investors, and tenants.

As part of this comprehensive investment initiative, Aldar will construct 233,000 square meters of new Grade A logistics units across the UAE, including 200,000 square meters of gross leasable area (GLA) for single-tenant units and logistics parks in Dubai. The company will also complete a 33,000-square-meter expansion of its current logistics asset, ADBH in Abu Dhabi, fully leased to prominent entities such as Etihad, Mubadala, and Twofour54. This expansion will elevate Aldar’s total logistics GLA in the UAE to surpass 400,000 square meters.

Talal Al Dhiyebi, the Group Chief Executive of Aldar Properties, emphasized the strong demand for high-grade facilities in the UAE, driven by robust intraregional trade, high-quality infrastructure, and the expanding digital economy. The move positions Aldar strategically to capitalize on this growth trend.

The surge in demand for warehouses in Dubai and Abu Dhabi is a direct result of the UAE’s focus on economic diversification, steering away from oil dependency and entering into new trade agreements globally. Dubai, in particular, witnessed a surge in new warehouse requirements, with the logistics sector accounting for 44% of new demands, according to a report from Knight Frank. The shortage of warehouses, combined with Dubai’s D33 agenda, aiming to position the city among the world’s top economic hubs by 2033, is anticipated to drive rental prices higher.

Aldar’s investment aligns with the significant growth in the UAE’s logistics sector, supported by substantial investments in transportation and infrastructure. Tenants span various sectors, with a primary focus on third-party logistics, e-commerce, and retail.

This strategic move comes on the heels of Aldar’s recent acquisition of UK developer London Square and the integration of FAB Properties into Aldar Estates, highlighting the company’s commitment to expanding its portfolio globally and strengthening its presence in the real estate market. Additionally, Aldar’s collaboration with Dubai Holding underscores its vision to develop new real estate projects across prime locations in Dubai.

The app is available for both Android and iOS platforms. Touq app was born from the idea of creating a carefree real estate world with no restrictions on property owners, where the owners and tenants benefits from fair pricing and an open platform for growth. The system has been designed to create trust between owners and tenants in real estate transactions. The system will provide a layer of protection to both property owner and tenant when evicting the other.  Touq makes it possible for Property owners and tenants to save time and money. From listing to marketing to analytics, Touq makes it possible for agents to save time and money. You can try it now.

تطبيق طوق هو منصة عقارية جديدة عبر الإنترنت تقدم خدمات عقارية شاملة.

بداية من الإعلان عن الوحدات من خلال أصحاب العقارات مباشراً إلى التسويق حتى التحليلات و الحصول على المستأجرين المحتملين. يحتوي تطبيق طوق على كل شيء. يمكنك جعل قائمة منزلك المجانية كمالك للعقار والحصول على عملاء محتملين بجودة عالية في هاتفك ؛ يمكن لأصحاب العقارات بسهولة إدارة منازلهم وقوائمهم وجهات الاتصال الخاصة بهم باستخدام تطبيق طوق. التطبيق متاح لكل من منصات الروبوت ودائرة الرقابة الداخلية. ولد تطبيق طوق من فكرة خلق عالم عقاري خال من الهموم مع عدم وجود قيود على مالكي العقارات ، حيث يستفيد الملاك والمستأجرون من التسعير العادل ومنصة مفتوحة للنمو. تم تصميم النظام لخلق الثقة بين المالكين والمستأجرين في المعاملات العقارية. سيوفر النظام طبقة من الحماية لكل من المالك والمستأجر. طوق يجعل من الممكن لأصحاب العقارات والمستأجرين لتوفير الوقت والمال. يمكنك أن تجرب ذلك الآن.

Contact US

800-TOUQ (8687)

Email Address: [email protected]

International No.: +971(800) 8687

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