Aldar unveils iconic office tower on Sheikh Zayed Road

A landmark development for commercial real estate in Dubai

Grade A office tower with premium features

Aldar’s landmark development will feature a Grade A office tower with an expansive 947,000 sq. feet of net leasable area. Alongside premium office space, the development will also include a luxury boutique hotel and branded residences. This will offer guests both high quality commercial space and centrally located hospitality and dining options.

Sustainable and high-quality design

The office tower has been designed to not only be visually stunning, but also to meet high sustainability credentials, ensuring that it offers best-in-class office space for businesses. 

The development, expected to be completed by Q4 2027, will cater to the growing demand for premium office spaces from both new companies to the region and established businesses looking to relocate or expand. 

Strategic investments to broaden Aldar's presence

Acquisition of 6 Falak in Dubai Internet City

As part of its expansion strategy, Aldar has also signed an agreement to acquire ‘6 Falak’, a newly built Grade A office building in Dubai Internet City. 

Completed in March 2024, 6 Falak boasts 97,000 sq.ft. of net leasable area and is one of the highest-quality assets in Dubai Internet City. It is fully occupied and home to several blue-chip tenants, including Roland Berger, Merck, and IFS. This acquisition is expected to be finalized in the coming weeks, subject to final authority approvals.

Expanding beyond Abu Dhabi

This announcement marks Aldar’s first commercial development in Dubai, following plans announced in 2023 to develop new commercial assets in Abu Dhabi. 

These strategic investments represent a significant milestone in Aldar’s expansion plans, as they mark the company’s first commercial property investments outside of Abu Dhabi. Over the past two years, Aldar’s commercial portfolio has grown to include 13 operational assets, with a total net leasable area of over 5,000,000 sq.ft. and an occupancy rate of 97%.

Aldar's vision for Dubai's real estate market

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, emphasized the importance of Dubai as a leading growth market for the company. "Dubai is a priority growth market for Aldar, and we will continue to increase our presence across key real estate asset classes," he said. "Buoyed by our progress in the residential and logistics sectors in the emirate, we are excited to develop an iconic commercial property adjacent to one of the UAE’s key business centres."

Through this project, Aldar aims to bring its development expertise to Dubai and provide the commercial space needed to cater to the growing demand from new market entrants and incumbent businesses eager to relocate.

Conclusion

Aldar's latest project on Sheikh Zayed Road is set to become a landmark in Dubai's commercial real estate landscape. With its premium Grade A office spaces, luxury boutique hotel, and branded residences, this development will meet the high demand for quality commercial spaces in one of the city's most strategic locations.

Contact Engel & Völkers Commercial

Are you looking to buy, sell, or rent commercial property in Dubai? 

Engel & Völkers Commercial is here to help. With our extensive network and expertise in the Dubai real estate market, we can assist you in finding the perfect property to meet your needs. Contact us today to learn more about how we can support your real estate goals.

Source: Aldar