Abu Dhabi is on the cusp of significant transformation, as Mubadala Investment Company and Aldar Properties reveal plans for joint ventures totaling over AED30 billion ($8.2 billion). These projects will introduce new residential, retail, and logistics developments across the emirate, reinforcing Abu Dhabi’s growth as a global hub for business and lifestyle.
The joint venture was launched by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. It aims to bolster Abu Dhabi’s economic development through strategic public-private partnerships, combining Mubadala’s expertise and land bank with Aldar’s development and asset management capabilities.
Key Projects in the Joint Ventures Include:
- A new luxury waterfront community to be developed on two islands between Saadiyat Island and Yas Island, with a combined value of AED13bn ($3.5bn).
- A state-of-the-art retail platform merging Yas Mall and The Galleria Luxury Collection, with a total value of AED9bn ($2.5bn).
- A logistics park near Zayed International Airport, valued at AED5bn ($1.4bn), offering Grade A industrial space with strategic access to highways.
- The acquisition of sustainable income-generating residential and commercial properties in Masdar City, worth AED3bn ($817m), contributing to the city’s eco-friendly urban community.
This partnership will enhance Abu Dhabi’s status as a global destination for investment and lifestyle, drawing in new luxury brands and fostering sustainable growth across multiple sectors.
Statements from Key Figures:
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan highlighted the importance of public-private partnerships, saying the collaboration “supports the transformation and growth of Abu Dhabi as a global business and lifestyle destination,” and showcases the emirate’s “investment opportunities in a business-friendly ecosystem.”
The partnership will be structured as 60% owned by Aldar and 40% by Mubadala, focusing on developing wellness-focused, luxury waterfront communities, premier retail platforms, and a logistics hub.
