Dubai, UAE — In a landmark decision set to reshape Dubai’s commercial real estate landscape, Aldar Properties, a premier real estate developer, investor, and asset manager in the UAE, is making a significant entry into Dubai’s commercial real estate market with a total commitment of AED 1.8 billion. This strategic investment includes the development of a landmark Grade A office tower on Sheikh Zayed Road and the acquisition of ‘6 Falak,’ a fully occupied Grade A office building in Dubai Internet City.
Landmark Grade A Office Tower on Sheikh Zayed Road
Aldar's new development on Sheikh Zayed Road promises to be a game-changer in Dubai's commercial real estate landscape. The project will feature a Grade A office tower with a net leasable area (NLA) of 88,000 sqm, complemented by a luxury boutique hotel and branded residences. Situated on one of the last remaining undeveloped double plots in this prestigious area, the development aims to offer high-quality commercial spaces and premium hospitality and food and beverage options.
Talal Al Dhiyebi, Group CEO of Aldar, commented:
"Dubai is a priority growth market for Aldar, and we are excited to develop this iconic commercial property. This project will provide the premium office spaces needed to cater to new market entrants and incumbent businesses eager to relocate."
The tower, expected to be completed by Q4 2027, will offer seamless connectivity to Dubai's major transport links, being within walking distance of the Emirates Towers Metro Station. This prime location is set to attract a diverse range of tenants, from multinational corporations to innovative startups, enhancing Dubai's position as a global business hub.
Acquisition of ‘6 Falak’ in Dubai Internet City
As part of Aldar’s strategic investment, the company has signed an agreement to acquire ‘6 Falak,’ a Grade A office building in Dubai Internet City. Completed in March 2024, the building offers 9,100 sqm of NLA and is fully occupied by blue-chip tenants, including Roland Berger, Merck, and IFS. This acquisition is expected to finalize in the coming weeks, subject to final authority approvals.
Aldar's entry into Dubai Internet City, a premier technology hub, underscores the company's commitment to diversifying its commercial portfolio outside Abu Dhabi. The acquisition of ‘6 Falak’ is anticipated to enhance Aldar's revenue streams and solidify its presence in Dubai's thriving technology and innovation sector.
Expanding Residential Projects: Athlon and Haven Villas
In addition to its commercial investments, Aldar continues to expand its footprint in Dubai’s residential market with prestigious projects in Wadi Al Safa 5:
- Athlon: Designed to promote active living, Athlon offers modern apartments and townhouses with amenities like fitness centers, swimming pools, and landscaped gardens. This dynamic community aims to provide a balanced lifestyle with a focus on health and wellness.
- Haven Villas: Featuring contemporary designs, spacious layouts, and high-end finishes, Haven Villas offer a tranquil living environment. These exclusive townhouses are located in one of Dubai’s most sought-after neighborhoods, combining luxury and comfort.
Aldar’s Growing Portfolio
Aldar's strategic investments and development projects highlight its expansion in Dubai. The company’s commercial portfolio now includes 13 operational assets with a total NLA of over 465,000 sqm and an occupancy rate of 97%. These developments signify Aldar's robust growth trajectory and its commitment to delivering high-quality real estate solutions across the UAE.
For more information about Aldar’s groundbreaking projects and premium real estate opportunities in Dubai, visit fäm Properties. Learn how Aldar’s developments can empower your real estate decisions and enhance your lifestyle.
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