Mubadala and Aldar have launched a transformative AED 60 billion joint venture to expand Al Maryah Island, significantly enhancing its offerings as a global financial and lifestyle hub.

Information on the Target

Mubadala Investment Company and Aldar Properties have established a joint venture for a revolutionary expansion of Al Maryah Island in Abu Dhabi, with a total investment exceeding AED 60 billion. This ambitious project aims to transform the northern side of the island, which is the last undeveloped land parcel, into a vibrant mixed-use environment featuring a total of 1.5 million square meters of new space allocated for offices, residences, retail outlets, and hospitality services. The expansion is poised to blend commerce with community, further enhancing Al Maryah Island's reputation as a premier business and lifestyle destination.

This development not only aims to double the existing Grade A office space but also to elevate the island’s existing offerings, including luxury residences, retail, dining experiences, and leisure amenities. The addition of more than 3,000 luxury waterfront homes is anticipated to attract an influx of international investors and residents, ultimately supporting Abu Dhabi’s vision of becoming a leading global financial and lifestyle hub.

Industry Overview in the Target’s Specific Country

Abu Dhabi has been making significant strides to position itself as a competitive financial hub in the region, often referred to as the 'Capital of Capital'. The Abu Dhabi Global Market (ADGM), which serves as the ci