Aldar, Mubadala acquire Masdar City Square for AED 918M

A view of Masdar City complex

Aldar Properties and Mubadala Investment Company, an Abu Dhabi sovereign investor, acquired the Masdar City Square for AED 918 million through their joint venture established in 2024.

According to a joint statement, the transaction expands the partners’ real estate portfolio in Masdar City to AED 4.7 billion and further strengthens their commercial real estate holdings.

Masdar City Square comprises more than 47,000 square meters of net leasable area across seven office buildings, completed in Q1 2026. The complex is currently 99% occupied.

The deal is the latest acquisition by the Aldar-Mubadala joint venture in Masdar City. The JV previously acquired 17 assets, including properties held by the Masdar City Green REIT, as well as The Link, which was added to the portfolio in Q1 2026. Aldar and Mubadala announced the AED 654 million acquisition of The Link in April 2026.

Following the addition of Masdar City Square, the JV’s diversified portfolio comprises more than 158,000 square meters of commercial net leasable area.

The commercial assets have a weighted average unexpired lease term of around 5.2 years, while the portfolio also includes more than 1,400 fully occupied residential units.