Abu Dhabi Real Estate: Mubadala and Aldar launch $16bn expansion of Al Maryah Island to Double ADGM Office Space
This development holds a total value that exceeds the AEDBSBN ($16.34bn) and represents the largest increase in the island to date.
This project includes the last unincorporated plot to be built on the northern side of Al Maryah Island, occupying approximately 500,000sqm.
It will deliver 1.5 million SQM of new office, residential, retail and hospitality space, bringing together hospitality, community and lifestyle while strengthening the island’s mix of international business and luxury.
Al Maryah Island in Abu Dhabi
The mixed-use development will significantly enhance the Abu Dhabi MOBAL MARCK (ADGM), an international financial center covering Al Maryah and Al Reem Islands.
Adgm is among the fastest growing hubs in the world, with more than 11,000 active licenses and nearly 40,000 people in the region.
The expansion will add more than 450,000SQM of office space – Doubling the current supply – Meeting demand from global institutions, investors and financial professionals.
Thanks to the strong participation of international investors and talent, the demand for luxury living on the island continues to rise, with homes with brands such as W and St. Regis under development.
The new expansion will add 3,000 luxury waterfront homes to support population and investment growth.
The extensive transformation of Al Maryah Island will introduce new experiences that form its fully integrated Urban Ecosystem. Anchored by the Galleria – INather’s Friencry Specity is the only place – The Cleveland Clinic Abu Dhabi, the MICHELIN DIEDICE sports complex, the island will add 40,000sqm of experiential shopping, low-end dining options.
Central to the next phase is the Al Maryah Waterfront Enhfront Project, which has a Bay fountain that can show water reaching 75m high.
New buildings
The development will create new leisure, dining and event spaces along the landscaped waterfront.
The expansion will also include the new Abu Dhabi Convention Center, creating a platform for major global events including Abu Dhabi Finance Week and other international exhibitions and business gatherings. As the number of tourists increases, the demand for hotels will rise accordingly.
The MasterPlan includes new hospitality offerings, alongside existing luxury hotels such as the Four Seasons and Rosewood Abu Dhabi.
Dr Bakhheet al Katheeri, CEO of the UAE Inventomment Platform at Mubadala, said: “This joint document with Aldar is our strong commitment, to build MUBADALALAL
“By unlocking the full potential of this premier star, we are not only expanding our Premier business and lifestyle but also driving economic diversity and cultivating a world-class place in business and community life.”
ADGM office space
Talal Al Dhiyebi, CEO of Aldar group, said: “This expansion symbolizes the Pivotal Milestow that continues to cultivate the financial space, we are working with ALGWAL and ALDM to build the best businesses, investors and talent from around the world.
“It will support the UAE’s vision of a diversified and knowledge-based economy while improving the distribution of capital as a place to live, work and invest.”
Salem Al Darei, CEO of ADGM Authority, said: “Today’s expansion of Al Maryah Island is about the establishment of global financial capital, advanced financial institutions, environmental institutions, and innovators who can flourish.
“This next chapter underscores Abu Dhabi’s long-term economic vision and accelerates our journey in shaping a dynamic, future-ready Hub that sets new global benchmarks for growth, opportunity, and impact.”
Communication marketing forms an important part of the masterplan, including 2.5km of air-conditioned walkways, more than 12,000 parking spaces and 20 percent open space in the heart of the financial district.
Renewable Infrastructure
Three new bridges will connect the northern side with Al Maryah Island to restart the island of Abu Dhabi Mainland, ensuring Sadiyani Island is less than a 10-minute drive away. Enabling operations will begin in 2026.
The Joint Venture – owned 60 percent by Aldar and 40 percent by Mubadala – Builds a long-term partnership spanning more than two decades.
The two have cooperated with all the commercial, retail, residential projects, including Al Maryah tower, one shared area of Maryah and the completion of Maryah Island which will continue with the completion of Sadiya malls.
The expansion marks the next chapter in shaping Al Maryah Island as one of Abu Dhabi’s most important business hubs.
