Aldar Properties and Mubadala Investment Company have jointly acquired Al Maryah Tower in Abu Dhabi for AED 450 million, enhancing their real estate portfolio and responding to the rising demand for Grade A office space.

Target Information

Aldar Properties and Mubadala Investment Company have partnered to acquire Al Maryah Tower, a premium Grade A commercial office building located in Abu Dhabi's Al Maryah Island. This 25-storey structure is strategically positioned within the heart of Abu Dhabi's international financial centre and is poised to cater to the growing demand for high-quality office space.

Valued at AED 450 million, this acquisition solidifies Aldar's stance in the competitive commercial market, bringing its total investments in recurring income assets to AED 7.4 billion for the year. Aldar's ownership stake in the property will be 60%, with Mubadala holding 40%, reinforcing their ongoing collaboration in enhancing Abu Dhabi's real estate landscape.

Industry Overview

Abu Dhabi's real estate sector has been witnessing significant transformation, largely driven by government initiatives aimed at economic diversification. The establishment of Abu Dhabi Gl