Aldar Properties has taken another decisive step in strengthening its presence in Dubai's rental housing market, acquiring a major residential and community‑retail development in Dubai Studio City for AED 1.1 billion (USD ~272 million). The acquisition, completed with private developer SRG, marks one of Aldar's most strategically aligned investments as the company continues to scale its recurring‑income portfolio in the emirate.

A Community Designed for Modern Living

The newly acquired project is set to become a fully integrated, professionally managed residential community built around everyday convenience and long‑term tenancy appeal. The development will feature:

Six mid‑rise buildings with warm sandstone facades and deep terraces

312 residential units, including 1‑, 2‑, 3‑bedroom apartments and duplexes

A community mall offering retail, recreation, and F&B concepts

A 16,000 sqm park with activity zones, jogging track, and playground

These design elements were intentionally crafted to extend living spaces into landscaped public areas, creating a cohesive, lifestyle‑driven environment.

Why Dubai Studio City?

Dubai Studio City has evolved into one of the city's most in‑demand residential corridors. Its appeal is driven by:

Established infrastructure

Direct access to Al Qudra Road and Hessa Street

Proximity to Motor City, Dubai Sports City, and major leisure destinations such as Dubai Autodrome and Dubai Butterfly Garden

A strong network of schools and community facilities

This strategic location positions the development to capture sustained rental demand from professionals and families seeking well‑managed, amenity‑rich communities.

Aldar's Long‑Term Strategy in Motion

According to Jassem Saleh Busaibe, CEO of Aldar Investment, Dubai remains a priority growth market for the group. He emphasized that the acquisition reflects Aldar's confidence in the city's residential sector and the essential role of institutionally owned, professionally managed rental housing in serving a growing population and rising inflow of global talent.

This project joins Aldar's expanding Dubai portfolio, which already includes:

A mixed‑use JV with Expo City Dubai

A commercial tower in DIFC

A Grade A office building on Sheikh Zayed Road

Logistics assets in National Industries Park and Dubai South

The acquisition strengthens Aldar's multi‑sector footprint across residential, commercial, logistics, and mixed‑use assets.

Completion Timeline and Market Impact

The development is scheduled for completion in 2028, aligning with Aldar's broader strategy to deliver high‑quality, income‑generating assets over the coming years.

Its addition to the market is expected to further energize Dubai's build‑to‑rent segment an area witnessing rapid institutional interest as the city's population grows and demand for professionally managed communities rises.

A Confident Step Toward Dubai's Future

Aldar's AED 1.1 billion acquisition is more than a real estate transaction it is a clear signal of long‑term confidence in Dubai's urban growth, rental demand, and global appeal. With thoughtfully designed homes, integrated retail, and community‑centric amenities, the Dubai Studio City project is poised to become a benchmark for modern rental living in the emirate.