Aldar Properties, the UAE’s largest property developer, and Mubadala Investment Company have announced a new partnership to manage real estate assets worth more than Dh30 billion ($8.1 billion) across Abu Dhabi. The deal will see the creation of four joint ventures, aimed at driving long-term value and enhancing Abu Dhabi’s status as a premier global business destination.

Key Highlights:

• The partnership will be split 60:40 between Aldar and Mubadala.

• Focus on retail, residential, and commercial properties, including Yas Mall and The Galleria.

• Development of waterfront villa projects on islands near Saadiyat and Yas.

• Creation of a Dh5 billion logistics park near Zayed International Airport.

The joint ventures will manage a Dh9 billion retail platform with major assets like Yas Mall and The Galleria. Additionally, the partnership will focus on acquiring income-generating residential and commercial properties within Masdar City, totaling more than 400,000 square meters of leasable area. These assets boast over 95% occupancy and will expand with new developments.

Two islands adjacent to Saadiyat Island and Yas Island will be transformed into waterfront villa projects, with a combined development value of Dh13 billion. A Dh5 billion Grade A logistics park near Zayed International Airport is also in the pipeline, spanning 1.2 million square meters of gross floor area.

“This strategic partnership is designed to optimize asset utilization, create value, and further position Abu Dhabi as a world-class business and lifestyle hub,” said Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments Platform.

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