Aldar-Mubadala JV Expands Dubai-Area Portfolio with Dh918M Masdar City Square Buy
Gulf News
Aldar and Mubadala JV acquires 99% leased Masdar City Square for Dh918M, boosting their commercial portfolio to Dh4.7B in Abu Dhabi's sustainable hub.
Aldar and Mubadala Joint Venture Acquires Masdar City Square
Aldar and Mubadala Investment Company have expanded their real estate presence in the sustainable Masdar City district with the acquisition of Masdar City Square for Dh918 million. This strategic purchase increases the value of their combined Masdar City real estate portfolio to Dh4.7 billion.
Details on Masdar City Square
Masdar City Square is a recently completed seven-building commercial complex, finished in the first quarter of 2026. It provides over 47,000 square metres of net leasable office space and is currently 99% occupied. High-profile tenants include government and educational institutions such as TAQA, the Department of Energy, Emirates College, and the Mohamed bin Zayed University of Artificial Intelligence.
Strategic Location and Sustainable Design
Situated close to Zayed International Airport, Masdar City Square offers direct access to key highways linking Abu Dhabi and Dubai, enhancing connectivity and accessibility. The buildings are environmentally designed to meet LEED Platinum and WELL Gold certifications, featuring solar photovoltaic systems and passive cooling techniques. Among the buildings is the net-zero energy headquarters for Abu Dhabi's Department of Energy.
Portfolio Expansion and Tenant Mix
This acquisition builds upon the Aldar-Mubadala joint venture's initiative launched in 2024, aiming to invest in Masdar City's real estate assets. Previously, the JV acquired 17 assets within the Masdar City Green REIT, as well as The Link at Masdar City, also completed in early 2026.
With Masdar City Square added, the JV now controls more than 158,000 square metres of net leasable commercial space. The tenant base across the wider portfolio includes notable entities such as IRENA, Masdar, Siemens, G42, and the UAE Space Agency. The portfolio enjoys a weighted average lease term of approximately 5.2 years.
Additionally, the JV holds over 1,400 fully occupied residential units in Masdar City, reflecting strong demand in this sustainable community.
Implications for Real Estate Agents
The Aldar-Mubadala JV’s expansion highlights the growing interest and confidence in Masdar City's sustainable, mixed-use developments. Agents should note the premium placed on eco-friendly, strategically located commercial assets and the appeal of long-term, blue-chip tenants. The sustained occupancy rates underscore Masdar City’s attractiveness as a business hub, suggesting robust leasing opportunities and potential for future investment demand in the area.
Based on reporting from Gulf News. Summary and analysis by Propilot AI.
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