The Aldar and Mubadala Investment Company joint venture has acquired Masdar City Square for a sum of US $250mn. Masdar City Square is located near Zayed International Airport and boasts direct access to highway networks that connect Abu Dhabi and Dubai.
The complex comprises over 47,000sqm of net leasable area spread across 7-office buildings. It was completed in the first quarter of 2026 and is currently 99% occupied by tenant base, including TAQA, the Department of Energy, Emirates College, and Mohamed bin Zayed University of Artificial Intelligence.
Aldar said the transaction further scales the partners’ quality, income-generating real estate portfolio, now valued at $1.28bn within Masdar City, one of the region’s hubs for clean energy, AI, advanced research and sustainable urban development.
Aldar Group CEO, Talal Al Dhiyebi said, “Abu Dhabi’s strong economic fundamentals and continued investment in future-focused industries are attracting businesses, institutions and talent from around the world, supporting sustained demand for high-quality commercial real estate.”
“Masdar City is an important part of that growth story, with a distinctive ecosystem built around clean energy, technology, AI and advanced research. Masdar City Square adds quality, highly occupied asset to our joint venture with Mubadala as we continue to scale our presence in this strategically important destination,” he added.
Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform, Mubadala added, “Investing in the infrastructure of future-focused sectors is central to how Mubadala’s UAE Investments Platform builds long-term economic value in Abu Dhabi. Masdar City Square is a newly completed commercial asset with near-full occupancy and a high-quality institutional tenant base that reflects Mubadala’s disciplined investment approach.”
“Through our joint venture with Aldar, we are assembling a real estate portfolio that strengthens the operating environment for knowledge-driven industries, advances the UAE’s Net Zero ambitions, and contributes to the continued diversification of the UAE economy,” stated AlMheiri.
Masdar City CEO, Ahmed Baghoum remarked, “Sustainability is central to the design of the complex, which is designed to achieve LEED Platinum and WELL Gold certifications and features solar photovoltaic systems and passive cooling techniques. It also adds a Net Zero energy HQ office building, currently serving as Abu Dhabi Department of Energy’s HQ, to the joint venture’s portfolio. Connected to Masdar City’s wider commercial and lifestyle ecosystem, the acquisition advances Masdar City’s vision for a connected, sustainable community that supports investment, innovation and growth, creating lasting value for Abu Dhabi.”
This venture involved acquiring 17 assets within the Masdar City Green REIT and The Link at Masdar City, which concluded in Q1 2026. With the addition of Masdar City Square, the JV now boasts a diversified portfolio encompassing over 158,000sqm of net leasable commercial space.
This space is occupied by a tenant base that includes entities like IRENA, Masdar, Siemens, G42, and the UAE Space Agency. The portfolio has a weighted average unexpired lease term of 5.2 years and comprises over 1,400 fully occupied residential units.
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