Aldar-Mubadala JV buys 99%-occupied Masdar City Square for Dh918 million

Dubai-based investment firms Aldar and Mubadala Investment Company have acquired Masdar City Square through their joint venture for Dh918 million, expanding their Masdar City real estate portfolio to a combined value of Dh4.7 billion. Completed in the first quarter of 2026, the seven-building commercial complex adds over 47,000 square meters of net leasable office space to the partnership's holdings.

The complex, which was already 99% occupied at the time of acquisition, includes tenants such as TAQA, the Department of Energy, Emirates College, and Mohamed bin Zayed University of Artificial Intelligence. Masdar City Square is situated near Zayed International Airport and features direct access to major highway networks linking Abu Dhabi and Dubai.

The acquisition enhances the JV's portfolio, adding a newly completed commercial asset with a diverse tenant base encompassing sectors like energy, education, and artificial intelligence. The buildings within Masdar City Square are designed to achieve LEED Platinum and WELL Gold certifications, incorporating solar photovoltaic systems and passive cooling techniques.

The JV now controls more than 158,000 square meters of net leasable commercial space, with tenants including IRENA, Masdar, Siemens, G42, and the UAE Space Agency.