TARAF and Mubadala to explore mixed-use waterfront development on Al Reem Island
Dubai: TARAF, the real estate division of Yas Holding, and Mubadala Investment Company have signed a Memorandum of Understanding to explore a major mixed-use waterfront development on Al Reem Island. The proposed project spans 10 plots across about 655,000 sq. ft. of land, with a total gross floor area of roughly 5.4 million sq. ft. Under the MoU, the two parties will assess the plans and take…
TARAF, the real estate division of Yas Holding, and Mubadala Investment Company have signed a Memorandum of Understanding to explore a mixed-use waterfront development on Al Reem Island. The proposed project spans 10 plots across approximately 655,000 sq. ft. of land, with a total gross floor area of around 5.4 million sq. ft. The masterplan will combine residential, commercial, retail, and food and beverage spaces, with residential offerings ranging from one- to four-bedroom apartments and penthouses.
The project emphasizes walkability and waterfront access, with landscaped pedestrian routes, public spaces, and plazas connecting residential and commercial components. The MoU was signed during LIVEX 2026 by representatives from both companies, highlighting the potential for Al Reem Island to continue its evolution through an integrated approach to development.
Brief written by urgent.news from Gulf News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
