Tall & Urban News

Abu Dhabi-listed developer Aldar Properties announced plans to develop and launch a Grade A office tower on Sheikh Zayed Road, near the Dubai International Financial Centre (DIFC). This project, Aldar's first commercial venture in Dubai, will feature 88,000 square meters of net leasable area (NLA), a luxury boutique hotel, and branded residences. The development is expected to be completed by Q4 2027.

Aldar also acquired the '6 Falak' Grade A office building in Dubai Internet City, with 9,100 square meters of net leaseable area that was completed in March 2024. These investments in Dubai total 1.8 billion UAE dirhams (USD$490 million). Aldar’s commercial portfolio now includes 13 operational assets with over 465,000 sqm of NLA and a 97% occupancy rate.

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