Real Estate
Aldar Acquires Logistics Assets in Abu Dhabi's Kezad for $177M — Developer Expands Warehouse Portfolio with Noon, Emtelle Purchase
Following November's acquisitions, Aldar-Mubadala joint venture expands into logistics sector with $177M Kezad warehouse purchase as Dubai property values reach $8.8bn in Q1
By 19Network Editorial Team · Jun 1, 2026 · 5 min read
Aldar Properties and its joint venture partner Mubadala have acquired logistics assets in Abu Dhabi's Khalifa Economic Zone (Kezad) for $177 million, expanding their warehouse portfolio significantly.
Aldar Properties, one of the UAE's leading real estate developers, has announced the acquisition of logistics assets in Abu Dhabi's Khalifa Economic Zone (Kezad) for $177 million. The purchase, made through a joint venture with Mubadala, represents a strategic expansion into the logistics and warehouse sector as demand for industrial real estate continues growing across the UAE. The newly acquired logistics assets include warehouse facilities and distribution centers that support the growing e-commerce sector in the UAE. The partnership with Noon and Emtelle Property strengthens Aldar's position in the logistics real estate market, adding critical infrastructure that serves Abu Dhabi's expanding industrial and commercial sectors. This acquisition follows Aldar's significant purchases in November 2025, demonstrating the developer's continued aggressive expansion strategy. The joint venture structure with Mubadala allows Aldar to leverage partnerships while maintaining flexibility in pursuing diverse property sectors beyond traditional residential and commercial developments. The timing of the acquisition aligns with broader trends in the UAE property market, where Dubai rents have…