Leading UAE developer Aldar has announced a series of develop-to-hold projects located at Al Shamkha, Yas Island worth AED3.8 billion ($1.03 billion).

These developments, spread across the residential, commercial and logistics sectors, underscore the company's commitment to strengthening its leadership in the Abu Dhabi market, enhancing sector diversification, and scaling its recurring income portfolio. These projects bring Aldar’s sizeable develop-to-hold pipeline to AED17.6 billion. 

Aldar Investment CEO Jassem Salah Busaibe said: "Our latest investments reflect the strong demand we are seeing for residential rental units, Grade A commercial space, and logistics real estate in Abu Dhabi."

"The develop-to-hold strategy is a core growth driver for Aldar, enabling us to significantly expand our diverse portfolio of income-generating assets across the UAE while responding to client requirements for professionally managed commercial, residential, logistics, hospitality, retail and education assets.”

Aldar’s develop-to-hold approach for residential real estate is focused on delivering well located and desirable projects to suit the needs of a wide variety of customers. 

In its latest investment, the Emirati developer will build a new residential community in Alreeman that will offer almost 2,000 residences with a mix of studios, one-, two- and three-bedroom units to the rental market with residents set to enjoy community retail, leisure amenities, and open green spaces. 

Located in Al Shamkha, the development is a short drive from Zayed International Airport, with direct links to major highways that connect Abu Dhabi and Dubai, and some of Abu Dhabi's most vibrant lifestyle destinations, including Yas Island and Saadiyat Island.

Aldar will also deliver 665 units to the rental market on Yas Island, located in close proximity to the island’s globally renowned entertainment and retail attractions. The new developments include a gated community with a mix of 217 townhouses and villas designed to meet sustained demand from young professionals and families who want to live the Yas Island lifestyle next to exceptional schools, leisure offerings, and office spaces.-TradeArabia News Service