Aldar completed the acquisition of logistics assets in ALMARKAZ of Waha Capital for AED530m.

Aldar, a real estate development and investment company, completed the acquisition of logistics assets in ALMARKAZ of Waha Capital, an investment company, for AED530m. "The acquisition of assets at ALMARKAZ from Waha is another step in Aldar’s ongoing expansion within the UAE’s logistics sector, aligning with our strategy to scale and diversify our recurring income streams. Our logistics platform continues to grow across Abu Dhabi and Dubai – capitalising on demand for well-located premium logistics and industrial space – and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential,” Jassem Salah Busaibe, Aldar Chief Executive Officer.