Dubai South and Aldar to work together

Dubai South and Aldar to work together

The state developer Dubai South and the Abu Dhabi-listed Aldar Properties will jointly develop facilities in Dubai South’s logistics district. The new joint venture will offer build-to-lease and build-to-suit facilities. Aldar will lead the design, development and delivery of the new facilities, starting with a Grade A logistics facility with 24,000sq m of gross floor […]The state developer Dubai South and the Abu Dhabi-listed Aldar Properties will jointly develop facilities in Dubai South’s logistics district.

The new joint venture will offer build-to-lease and build-to-suit facilities.

Aldar will lead the design, development and delivery of the new facilities, starting with a Grade A logistics facility with 24,000sq m of gross floor area.

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The plot, adjacent to global brands including Amazon, Noon and DHL, and close to Al Maktoum International Airport, will offer dual customs clearance.

The first facility is expected to be completed by the end of 2024. It will be followed by more developments catering for third-party logistics, e-commerce, and retail tenants.

The projects being developed with Dubai South form part of Aldar’s AED1 billion ($272.26 million) investment in logistics real