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Aldar’s new Dubai logistics park to break ground in Q4

By Pramod Kumar
More than 330 businesses are expected to operate from DP World's National Industries Park, which is set to open in Q4 2025 Wam
More than 330 businesses are expected to operate from DP World's National Industries Park, which is set to open in Q4 2025

Aldar Properties, an Abu Dhabi-listed developer, will break ground on a new logistics park within DP World’s 21-sq km National Industries Park (NIP) in Dubai in the fourth quarter of 2024.

The 1.55 million sq ft grade-A logistics park will cater to the emirate’s high demand for warehousing facilities. It will comprise three modular buildings that can be modified into single or multi-tenanted facilities, offering flexible unit sizes.

The project is part of Aldar’s AED1 billion ($272 million) investment to expand its logistics real estate business in Abu Dhabi and Dubai.

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Aldar will be responsible for the full development cycle from concept and design to execution and management.  The park will target third-party logistics, ecommerce and retail tenants seeking to expand or relocate.

“The site’s location within NIP is significant, strategically positioning us in a logistics hotspot with excellent access to the port and the main highway to Dubai and Abu Dhabi,” said Talal Al Dhiyebi, group CEO, Aldar Properties.

Abdulla Bin Damithan, CEO and MD, DP World GCC, added that the development of the logistics park will ensure the right infrastructure and services are in place to meet the growing demands of customers.

More than 330 businesses are expected to operate from NIP, which is due to open in the fourth quarter of 2025.

The increased demand has resulted in rents rising in several industrial areas across Dubai, including Al Quoz, Dubai Industrial City, National Industries Park and Jebel Ali Industrial Area, exceeding pre-pandemic levels in 2023, Knight Frank found in a review of data published in the third quarter of last year.

“This growing pool of demand has prompted both local and international developers to explore opportunities to enter the market with grade-A logistics build-to-rent products,” Maxim Talmatchi, Knight Frank co-head of industrial and logistics in the UAE, said in a statement at the time. 

“We expect approximately 9-10 million square feet of grade-A logistics warehousing to be delivered in the next 10 years.”

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