Introducing the latest development from Aldar Properties, a leading name in the UAE real estate market. Aldar has made a significant move by acquiring one of the largest commercial towers in Dubai International Financial Centre (DIFC) for Dhs2.3 billion.
This flagship tower, set for completion in 2028, marks a major milestone for Aldar as it becomes the only UAE developer with assets in both DIFC and Abu Dhabi Global Market (ADGM)—the nation’s premier financial hubs.
A Game-Changing Acquisition
The tower, acquired from H&H Development, represents Aldar’s ongoing strategy to expand its portfolio of Grade A commercial properties in response to the growing demand for premium office spaces. H&H Development, a prominent Dubai real estate developer, is also known for notable projects in DIFC, including the Four Seasons Hotel and the upcoming Janu Hotel and Residences, located adjacent to this new tower.
Speaking about this acquisition, Talal Al Dhiyebi, Group CEO of Aldar, emphasized its strategic significance:
“Expanding into Dubai’s DIFC marks a significant milestone in our growth, providing Aldar with key exposure to the Emirate’s financial centre. This acquisition not only diversifies our commercial portfolio but also responds to the sustained demand for high-quality office spaces, driven by a favourable macroeconomic backdrop and the UAE’s position as a global business hub.”
What Makes the Tower Stand Out?
The 40-story development will redefine commercial real estate standards in the region, offering flexible and premium office and retail spaces designed to cater to multinational corporations and regional businesses alike.
Key highlights include:
- Sustainability: The tower is targeting LEED Platinum certification, reflecting Aldar’s commitment to environmentally friendly building practices.
- Flexibility: Customizable floorplans will provide a range of leasing options to meet diverse tenant needs.
- Prime Location: Situated in DIFC, the tower offers direct access to Sheikh Zayed Road, world-class dining, retail, and leisure destinations.
The architectural firm Herzog & de Meuron has designed the tower, ensuring it meets international benchmarks for quality, sustainability, and design innovation.
Meeting Dubai’s Rising Demand for Grade A Offices
DIFC has seen unprecedented demand for Grade A office space, driven by the influx of financial services firms and innovative businesses setting up operations in the district. According to recent data, average rents for such spaces in DIFC have surged by 15% year-on-year.
With limited supply of high-quality office spaces in the market, Aldar’s new tower will help bridge this gap by offering flexible leasing options, state-of-the-art amenities, and a world-class location.
Partnership with H&H Development
Shahab Lutfi, Chairman of H&H Development, expressed pride in collaborating with Aldar:
“This landmark project exemplifies our shared dedication to innovation and transformative real estate developments. It will further enhance the DIFC skyline and solidify Dubai’s position as a global business hub with Grade A commercial spaces that set an international benchmark for premium quality.”
Why This Matters
Aldar’s latest acquisition not only strengthens its foothold in Dubai but also reflects the broader growth and evolution of the UAE’s real estate landscape. With DIFC at the heart of Dubai’s financial ecosystem, this tower is poised to attract global attention and serve as a cornerstone for businesses seeking flexible, sustainable, and premium commercial spaces.
At Rose Island Real Estate, we continue to monitor such transformative projects, bringing you the latest updates on developments that shape the future of UAE’s real estate market. Whether you’re looking to invest or lease, we’re here to help you navigate this dynamic industry.
