Aldar and Mubadala Investment Company have jointly acquired Masdar City Square for AED 918 million through their real estate joint venture established in 2024.
The acquisition increases the value of the Aldar-Mubadala joint venture’s portfolio in Masdar City to AED 4.7 billion.
Masdar City Square comprises more than 47,000 sqm of net leasable Grade A commercial space across seven office buildings. Completed in Q1 2026, the development is already 99% occupied, with tenants including TAQA, the Department of Energy, Emirates College and Mohamed bin Zayed University of Artificial Intelligence.
The complex incorporates solar photovoltaic systems and passive cooling technologies and is designed to achieve LEED Platinum and WELL Gold certifications. It also includes a net-zero energy office building currently serving as the Abu Dhabi Department of Energy’s headquarters.
The acquisition follows previous investments by the joint venture in 17 assets within the Masdar City Green REIT and The Link at Masdar City.
Following the latest transaction, the joint venture’s portfolio comprises more than 158,000 sqm of net leasable commercial space and over 1,400 fully occupied residential units. Its commercial tenant base includes IRENA, Masdar, Siemens, G42 and the UAE Space Agency.
Source: Aldar
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
