Officials during the signing ceremony | Dubai Media Office
Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, and Aldar Properties, the leading real estate developer, investor, and manager in the UAE, have entered into a joint venture to develop Grade A logistics facilities in Dubai South.
Through the partnership, Aldar and Dubai South will work collaboratively to bring new and premium offerings to Dubai South’s Logistics District, including build-to-lease and build-to-suit facilities.
Aldar will be responsible for the design, development, and delivery of these new logistics assets, starting with a Grade A logistics facility totaling almost 24,000 sqm of gross floor area (GFA).
Khalifa Al Zaffin Executive Chairman Dubai Aviation City Corporation & Dubai South
“As Dubai South continues to shape the future of logistics, our partnership with Aldar represents a strategic leap towards further enhancing our logistics infrastructure, in line with our mission to foster a dynamic business environment via state-of-the-art facilities. We will leverage Aldar’s expertise in real estate development to elevate the logistics landscape. The new logistics facilities are a testament to our dedication to meet the evolving needs of 3PL, eCommerce, and retail sectors, further solidifying Dubai South as a pivotal hub in the region’s economic development.”
The plot, adjacent to global brands including Amazon, Noon, and DHL, offers dual customs solutions and is strategically located with high accessibility and close proximity to Al Maktoum International Airport.
This first facility is expected to be completed and tenant-ready by the end of 2024 and paves the way for further development of both build-to-lease and build-to-suit assets, for third-party logistics (3PL), eCommerce, and retail tenants.
Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, stated that, “In line with our growth strategy, we are excited to forge this strategic partnership with Dubai South, bringing together two like-minded partners with complementary capabilities.”
“This collaboration marks the inception of a dynamic venture that will capitalize on the UAE’s ongoing investment in infrastructure development, growing digital economy, and increasing demand for delivery services, with investment-grade logistics assets that meet and exceed international tenant standards,” Al Dhiyebi added.
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