Aldar acquires Dubai Studios City residential project in AED 1.1bn deal
Aldar secures AED 1.1bn Dubai Studios City acquisition: 312 residential units across six mid‑rise buildings with a 16,000 sqm park, and community mall, due 2028.
Deal terms and transaction details
Aldar Investment has acquired a residential development and community retail asset in Dubai Studios City from private developer SRG for AED 1.1 billion.
The transaction covers the completed land and development rights for a medium‑scale mixed‑use project that Aldar adds to its growing Dubai portfolio.
Project scale and housing mix
The development comprises six mid‑rise buildings with sandstone‑inspired façades and expansive balconies designed to extend living areas outward.
A total of 312 units will be delivered, including one‑, two‑ and three‑bedroom apartments alongside duplex units to serve a range of household types and tenancy needs.
Community retail and public realm
A community shopping centre will sit at the heart of the scheme, combining retail outlets, cafés, restaurants and leisure facilities aimed at daily convenience rather than regional retail draw.
The masterplan includes a 16,000 square metre park with outdoor activity spaces, a running track and a children’s play area to enhance resident amenity and promote active lifestyles.
Location and connectivity
The site is positioned within Dubai Studios City and benefits from established infrastructure and direct access to Hessa and Al Qudra streets.
Its proximity to destinations such as Motor City, Dubai Sports City, the Dubai Autodrome and the Dubai International Cricket Stadium, as well as nearby schools and community services, strengthens its appeal to renters and owner‑occupiers alike.
Strategic fit within Aldar’s Dubai holdings
Aldar said the acquisition reinforces its strategy to expand institutional rental offerings and diversify income‑producing assets in Dubai.
The company highlighted the strength of the residential rental market in the emirate and noted Dubai Studios City’s robust infrastructure and active community as key factors in the purchase decision.
Developer track record and partnerships
The seller and original developer behind the project has delivered a portfolio of large‑scale residential towers, community retail destinations and quality lifestyle amenities across the region.
Aldar has also been broadening its presence in the emirate through partnerships and joint ventures, including collaborations tied to Expo City Dubai and projects across commercial, logistics and mixed‑use categories.
Delivery timetable and wider pipeline
The project is scheduled for completion in 2028, with Aldar positioning the development as a professionally managed, institutionally owned rental asset on delivery.
This deal adds to Aldar’s existing Dubai holdings, which include residential, commercial, logistics and mixed‑use assets across locations such as DIFC, Sheikh Zayed Road, the National Industries Complex and Dubai South.
The acquisition underlines continued investor appetite for Dubai real estate and for purpose‑built rental stock that combines neighbourhood retail and landscaped public space.
As Aldar integrates the Dubai Studios City project into its portfolio, the emphasis will be on delivering a high‑quality living environment for tenants while contributing to the emirate’s broader urban growth plans.
