Abu Dhabi is set for one of the biggest real estate days in its history as the MUBADALA investment company and Aldar announced a joint venture to develop the Al Maryah final wandbank with the largest amount of AED MARYION.
The project sets the next stage in the evolution of Abu Dhabi’s Finational Facilt AND reinforces the capital’s ambition to be the “capital of capital” in the world.
Aldar-Mubadala Drive The desire of the capital
According to the partners, the northern side of Al Maryah Island Spans about 500,000 square meters and will be transformed into a utility district with 1.5 million square meters. This will include offices, luxury homes, retail, hospitality and public waterfronts that have been expanded to integrate commerce, community and lifestyle.
The development will significantly increase the Abu Dhabi Global Market (ADGM), located in the heart of the island. Adgm now has over 11,000 active licenses and one of the fastest growing funds worldwide. The new MasterPlan will add over 450,000 square meters of office space, effectively doubling the current supply to meet the growing demand. About 40,000 people are already working within Adgm, with a waiting list for a premium place.
The demand for luxury accommodation is also increasing, driven by international investors and professionals moving to the capital. Branded properties including the W and St Regis are being developed and the expansion will introduce more than 3,000 waterfront residences.
Transforming Al Maryah into a Global Hub
Al Maryah Island’s status as a lifestyle destination will also be strengthened. The Galleria, Cleveland Clinic Abu Dhabi, Active Sports Hub and Michelin – Famous restaurants will be equipped with new shopping and entertainment experiences. The major development of Al Maryah Waterfront will include a 75-meter fountain with more water displays, new restaurants, a marina and expanded event spaces.
The supply of hotels will increase as the number of tourists wakes up. The MasterPlan includes new buildings to support the demand generated by business and leisure travel, expanding to four seasons of rosewood and rosewood hotels.
Improved communication forms an important part of the strategy. The proposals include three new bridges connecting the island to restart the island, 2.5 kilometers of air-conditioned parking spaces, more than 12,000 spaces for open-air parking. Enabling Jobs is due to start in 2026.
Mubadala’s Dr Bakhheet Al Katheeri said the Joint Venture has opened up the island’s “last big network” and will accelerate its evolution into one of the world’s most powerful financial and lifestyle hubs.
Aldar CEO Talal Al Dhiyebi said the expansion represents a milestone in Abu Dhabi’s growth as a global financial center. ADGM CEO Salem Al Darei said the project strengthens the capital’s position as a leading global financial center.
The joint venture, owned 60 percent by Aldar and 40 percent by Mubadala, builds on two decades of collaboration between the two groups.
