AD Ports sells 161k sqm Kezad warehouses to Aldar in AED 650 mn agreement

AD Ports offloads its warehouse portfolio, Aldar beefs it up: AD Ports sold three warehouses — spanning 161k sqm of leasable area — in Khalifa Economic Zone (Kezad) Logistics Park to Aldar Properties for AED 650 mn, adding another step to the asset-recycling program it launched last year, according to a statement. This sale alone covers 65% of AD Ports’ minimum AED 1 bn asset-monetization target for 2026.

Aldar has been absorbing some of AD Ports’ warehouse portfolio, with two warehouses in Kezad sold to Aldar for AED 570 mn in November 2025. AD Ports also sold Kezad Logistics Park Free Zone 3 to Mair Group for AED 295 mn in January through an extendable 50-year Mustaha structure.

From build to scale: The Kezad acquisition lifts Aldar Properties’s industrial and logistics portfolio to over 700k sqm of leasable space, bringing its total pipeline to more than 1.5 mn sqm. These assets further strengthen the company’s income-generating real estate platform, which now manages upwards of AED 49 bn in assets, alongside a AED 20.1 bn develop-to-hold pipeline scheduled for delivery over the next four years.