Aldar and H&H Development Secure AED 2.3 Billion Deal for Major DIFC Commercial Tower

Aldar, a leading real estate company based in Abu Dhabi, and Dubai's H&H Development have secured a significant AED 2.3 billion ($626 million) deal for one of the largest commercial tower acquisitions in the Dubai International Financial Centre (DIFC).

According to Aldar's announcement, the partnership combines the expertise of both companies to create a world-class development that will set a new standard for commercial spaces in the region.

Designed by renowned architectural firm Herzog & de Meuron, the tower is targeting LEED Platinum certification, reflecting both Aldar and H&H Development’s commitment to sustainable construction practices.

The tower will offer a variety of lease options, featuring both multi-tenanted and single-tenanted units with flexible floorplates that can be customized to meet tenant needs.

Among H&H Development’s prominent real estate projects in Dubai are the Four Seasons Hotel Dubai International Financial Centre and the upcoming Janu Hotel and Residences, located adjacent to the newly acquired commercial tower.

This acquisition positions Aldar as the only developer in the UAE with commercial properties in both ADGM and DIFC, the nation’s key financial districts, reinforcing the company’s commitment to expanding its Grade A commercial portfolio.

Furthermore, the purchase strengthens Aldar’s growing presence in Dubai, following its recent entry into the city’s commercial real estate market with the acquisition of 6 Falak, the development of a prominent Grade A office tower on Sheikh Zayed Road, and a mixed-use joint venture with Expo City Dubai.