Aldar Acquires Dubai Property In $300 Million Rental Income Deal

Aldar Properties has acquired a residential and community retail development in Dubai Studio City from private developer SRG for Dh1.1 billion ($300 million). The transaction is aimed at expanding Aldar's residential-for-rent portfolio and strengthening its recurring income platform in Dubai.

The acquisition reflects Aldar's continued focus on building long-term rental income streams while increasing its footprint in one of the UAE's most active residential property markets. The company stated that Dubai remains a priority growth market as population growth and housing demand continue to support the rental sector.

Project Details and Development Features

The mixed-use development is scheduled for completion in 2028 and will comprise 312 residential units spread across six mid-rise buildings. The project will offer a mix of one-bedroom, two-bedroom and three-bedroom apartments, along with duplex units.

In addition to residential accommodation, the development will include a community mall featuring retail, recreational and food-and-beverage outlets. Residents will also have access to approximately 16,000 square metres of parkland designed with activity areas and community-focused amenities.

• Acquisition value: Dh1.1 billion
• Location: Dubai Studio City
• Residential units: 312 homes
• Development format: Six mid-rise buildings
• Completion target: 2028
• Includes community mall and parkland

The project is located within an established residential catchment area and benefits from existing infrastructure and connectivity within Dubai Studio City.

Focus on Recurring Income and Rental Housing

The acquisition supports Aldar's strategy of expanding its portfolio of income-generating assets. The company has been increasing investments in residential, commercial, logistics and mixed-use properties that can provide stable long-term revenue.

According to Aldar Investment Chief Executive Officer Jassem Busaibe, the transaction reflects confidence in Dubai's residential market and the growing importance of professionally managed rental housing in meeting the needs of a rising population.

Aldar's recurring income portfolio already includes assets across multiple sectors, while the company continues to expand its presence in Dubai through commercial, logistics and residential investments. The latest acquisition further strengthens its position in the city's rental housing market and aligns with its broader strategy of building a diversified portfolio of recurring-income assets.

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