Aldar, Mubadala add Masdar City Square for Dh918m
Greenlogue/AP Aldar Properties and Mubadala Investment Company have jointly acquired Masdar City Square for Dh918 million, expanding their income-generating real estate portfolio in Abu Dhabi’s Masdar City to Dh4.7 billion. The acquisition was completed through the real estate joint venture established by the two Abu Dhabi groups in 2024. Masdar City Square comprises more than 47,000 square…
Aldar Properties and Mubadala Investment Company jointly acquired Masdar City Square in Abu Dhabi for Dh918 million, increasing their real estate portfolio in Masdar City to Dh4.7 billion. The acquisition, completed through a joint venture established in 2024, adds over 47,000 square meters of net leasable space across seven office buildings to the portfolio.
Masdar City Square, 99% occupied with tenants including TAQA and the Abu Dhabi Department of Energy, offers strong demand for Grade A office space. Located near Zayed International Airport with direct highway access, it supports Masdar City's business district focused on clean energy, AI, technology, and advanced research. Talal Al Dhiyebi, Aldar's CEO, attributes the acquisition to Abu Dhabi's economic fundamentals and investment in future-focused industries.
Ali Eid AlMheiri, Mubadala's executive director, highlights the focus on infrastructure for knowledge-driven industries and the UAE's net-zero goals. The deal adds to the joint venture's portfolio, which now holds over 158,000 square meters of net leasable commercial space, with a weighted average lease term of 5.2 years. Masdar City Square also boasts sustainability features, aiming for LEED Platinum and WELL Gold certifications, and is designed to reduce environmental impact.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
