Sign in
Abu Dhabi-based real estate developer Aldar Properties inked an agreement with DP World to develop a 144k sqm Grade A logistics park at Jebel Ali’s National Industries Park (NIP), according to a press release (pdf). The project is slated for construction in 4Q 2024 and will open for tenants in 4Q 2025. No financial details have been disclosed.
The details: The park aims to meet demand for warehousing facilities and offer flexibility for third-party logistics (3PL), e-commerce, and retail tenants. The logistics park will sit on a 220k sqm plot and will feature three buildings that can be modified to become single or multi-tenanted facilities.
The location is strategic: NIP is in close proximity to Jebel Ali Port, Al Maktoum International Airport, and major road networks including the E11 and E311.
What will Aldar do? Aldar will be responsible for the project’s full development cycle, including the concept initiation, design, execution, and management.
The project is part of Aldar’s AED 1 bn investment plan to boost its logistics infrastructure across the UAE. The developer also entered into a JV agreement in February with Dubai South to develop logistics facilities, including a Grade A logistics facility, and agreed later to develop a build-to-suit facility for Swiss-based logistics provider Kuehne+Nagel.
About NIP: NIP is a 21 sq km zone in Dubai’s industrial district that hosts more than 300 businesses in the UAE, offering infrastructure-ready land plots, modern office spaces, and tailored advisory solutions.
