The transaction marks Aldar’s latest residential-for-rent community in Dubai, reinforcing the developer’s long-term strategy to build a high-quality recurring income portfolio and scale its presence across the emirate.
Set for completion in 2028, the development will include six mid-rise buildings comprising 312 residential units, alongside a community mall featuring retail, recreational, and F&B concepts. A 16,000 square meter park will provide activity areas, a jogging track, and a playground within the community.
“Dubai is a priority growth market for Aldar, and this acquisition reflects our belief in the city’s residential market and the central role that institutionally owned, professionally managed rental housing plays in meeting the needs of a growing population,” said Jassem Saleh Busaibe, Chief Executive Officer of Aldar Investment.
Located in Dubai Studio City, the development benefits from established infrastructure, direct connectivity to Al Qudra Road and Hessa Street, and proximity to key employment and lifestyle hubs including Motor City and Dubai Sports City. The area offers easy access to Dubai Autodrome, Dubai International Cricket Stadium, Dubai Butterfly Garden, and a network of schools and community facilities.
Busaibe emphasized that Dubai Studio City’s established infrastructure, vibrant community, and strong connectivity make it an excellent location for high-quality, professionally managed living environments.
“This transaction is the latest step in a deliberate and broadening strategy to build a diversified portfolio of income-generating assets in Dubai, one that we expect to continue growing as the city attracts increasing global interest and talent,” he said.
The acquisition builds on Aldar’s growing presence in Dubai across multiple asset classes. Aldar Investment’s recurring income portfolio in the emirate now spans residential, commercial, logistics, and mixed-use assets, including a mixed-use joint venture with Expo City Dubai, a landmark commercial tower in DIFC, a Grade A office tower on Sheikh Zayed Road, and logistics assets in National Industries Park and Dubai South.
On the development side, Aldar’s joint venture with Dubai Holding has delivered strong momentum, with three master-planned residential communities already launched and an expanded pipeline of over 2.3 million square meters of new gross floor area supporting Dubai’s 2040 Urban Masterplan.
The acquisition comes as Dubai’s property market demonstrates resilience in May 2026, with transactions exceeding Dh10 million surging following the proposed ceasefire between Iran and the US. The emirate’s rental market recorded Dh32.2 billion in contracts during the first quarter of 2026, signaling sustained market stability.