Industrial Real Estate

Industrial Real Estate

  • Industry

    Real Estate

  • Investment Date

    April 2009

  • Website

About Industrial Real Estate

Waha Land was established as a wholly-owned subsidiary of Waha Capital to construct and manage master developments in Abu Dhabi including infrastructure, mixed use, industrial warehousing and logistics projects.

  • Leased Space

    90,000 sq m
  • Land Bank Of

    6 sq km 
  • Over 79% of built warehouses leased as of June 2009

ALMARKAZ

ALMARKAZ is an integrated mixed-use industrial development with Grade “A” industrial facilities and infrastructure owned, developed and operated by Waha Land, a wholly owned subsidiary of the Group. The project is located in Al Dhafra, approximately 25 km from central Abu Dhabi, and is well located to access the multi-modal industrial and logistics infrastructure (land, sea, air, and future rail) of the UAE. The ALMARKAZ development is on 6 km2 of land, which was granted by the Government of Abu Dhabi. 
Waha Land is developing the initial phase of the project on 25% (1.5 km2) of the total area. Phase I of the development initially involved the construction of 90,000 m2 of leasable small industrial units (SIUs) which were fully occupied by 31 March 2015. 

Following the successful leasing of the first 90,000 sq m of industrial space, the Board mandated Management to explore further growth plans and financing options for ALMARKAZ to develop the remaining 0.8  sq km of serviced land within Phase I. These include (i) expansion of its small industrial units (SIU’s), (ii) development of new products such as dedicated warehouses and storage facilities, light industrial units (LIU’s), the fit out of smaller units and ready-to-occupy workshops, together with Retail/Food & Beverage Amenities, a Security Centre, and Management Offices on part of the remaining0.8 sq km of serviced land. 

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