Abu Dhabi’s Department of Municipalities and Transport (DMT) and Aldar announce their partnership to develop two integrated communities in Mohamed Bin Zayed City (MBZ City) and Baniyas that will provide 9,000 value housing rental units in Abu Dhabi.
The projects form part of the Value Housing Programme, led by DMT to grow access to high-quality, affordable housing across the emirate in line with Abu Dhabi’s long-term urban development priorities.
The development will be led by Aldar to lease and manage the community with DMT granting long-term leasing rights over the land.
“As Abu Dhabi’s population continues to grow, there is a significant need for new homes to be delivered that cater to a broad range of demographics residing in the emirate.
“Our collaboration with DMT will ensure thousands of quality rental homes come to the market in well-connected and amenity rich communities, ensuring a fully affordable lifestyle for residents.”
Jassem Saleh Busaibe, Chief Executive Officer, Aldar Investment
With a gross development value of AED 2.8bn, the new developments will add to Aldar’s develop-to-hold pipeline which has now reached AED 20.1bn. This includes diverse assets including the recently announced residential rental projects on Yas Island and in Al Shamkha in Abu Dhabi.
The partnership lays a solid foundation for expanded collaboration between the parties, aligning with Abu Dhabi’s promise to delivering a diverse range of high-quality housing options across multiple segments and price points.
“This partnership with Aldar underscores our shared commitment to advancing the objectives of the Value Housing Programme by delivering high-quality, affordable homes that meet the needs of families and individuals alike and enrich community living.
“As we welcome the UAE Year of Family, these developments reaffirm our dedication to creating vibrant, inclusive neighbourhoods that strengthen social cohesion.”
His Excellency Ahmed Fadhel Almehairbi, Director General, Abu Dhabi City Municipality
Positioned in Baniyas along the Abu Dhabi–Al Ain (E22) highway, the first development will form over 30 residential buildings with a mixed-use offering of residential units, retail spaces, recreational amenities, and open green areas.
The second project is expected to be a mixed-use residential community in MBZ City. The development will combine single occupancy accommodation and multi-tenant apartments, supported by on-site amenities and ancillary retail to deliver residents’ day-to-day needs.
The projects are due to complete in 2029, and the two communities will offer a diverse unit mix, and are designed to prioritise accessibility and convenience, with direct links to public transport and major road networks.
Residents will have access to professionally managed communities featuring amenities, green spaces, and direct access to retail and other essential services.
