{"id":884205,"date":"2026-01-11T07:21:22","date_gmt":"2026-01-11T13:21:22","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/11\/abu-dhabi-real-estate-mubadala-and-aldar-launch-16bn-expansion-of-al-maryah-island-to-double-adgm-office-space\/"},"modified":"2026-01-11T07:21:22","modified_gmt":"2026-01-11T13:21:22","slug":"abu-dhabi-real-estate-mubadala-and-aldar-launch-16bn-expansion-of-al-maryah-island-to-double-adgm-office-space","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/11\/abu-dhabi-real-estate-mubadala-and-aldar-launch-16bn-expansion-of-al-maryah-island-to-double-adgm-office-space\/","title":{"rendered":"Abu Dhabi real estate: Mubadala and Aldar launch $16bn expansion of Al Maryah Island to double ADGM office space"},"content":{"rendered":"

Abu Dhabi firms Mubadala Investment Company<\/a> and Aldar <\/a>have announced a landmark joint venture to expand Al Maryah Island, unlocking the next phase of growth for the international financial district and reinforcing the capital\u2019s global position as the \u201cCapital of Capital.\u201d<\/p>\n

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The development holds a gross value exceeding AED60bn ($16.34bn) and represents the largest expansion undertaken on the island to date.<\/p>\n

The project covers the final undeveloped plot on the north side of Al Maryah Island, spanning almost 500,000sqm.<\/p>\n

It will deliver 1.5 million sqm of new office, residential, retail and hospitality space, integrating commerce, community and lifestyle while further strengthening the island\u2019s blend of international business and luxury living.<\/p>\n

Al Maryah Island in Abu Dhabi<\/h4>\n

The mixed-use development will significantly enhance Abu Dhabi Global Market (ADGM), the international financial centre whose jurisdiction covers Al Maryah and Al Reem Islands.<\/p>\n

ADGM is among the fastest-growing financial hubs globally, with more than 11,000 active licences and almost 40,000 individuals based in the district.<\/p>\n

The expansion will add more than 450,000sqm of Grade A office space \u2014 doubling current supply \u2014 to meet surging demand from global institutions, investors and financial professionals.<\/p>\n

Due to strong inflows of international investors and talent, luxury residential demand on the island continues to rise, with branded homes such as W and St. Regis currently under development.<\/p>\n

The new expansion will add more than 3,000 luxury waterfront residences to support ongoing population and investment growth.<\/a><\/p>\n

Al Maryah Island\u2019s broader transformation will introduce new experiences that build on its already fully integrated urban ecosystem. Anchored by The Galleria \u2014 the capital\u2019s premier luxury shopping destination \u2014 Cleveland Clinic Abu Dhabi, ACTIVE sports hub and the UAE\u2019s most Michelin Guide-awarded dining location, the island will add 40,000sqm of experiential luxury retail, new dining options and a world-class marina.<\/p>\n

Central to the next phase is the Al Maryah Waterfront enhancement project, featuring a bay fountain capable of water shows reaching 75m high.<\/p>\n

New facilities<\/h4>\n

The development will create new leisure, dining and event spaces along a reimagined coastline.<\/p>\n

The expansion will also include Abu Dhabi\u2019s new Convention Centre, creating a platform for major global events including Abu Dhabi Finance Week and other international exhibitions and business gatherings. As visitor numbers grow, hotel demand will rise in parallel.<\/p>\n

The masterplan includes new hospitality offerings, complementing existing luxury hotels such as the Four Seasons and Rosewood Abu Dhabi.<\/p>\n

Dr Bakheet Al Katheeri, CEO of UAE Investments Platform at Mubadala, said: \u201cThis landmark joint venture with Aldar is a natural evolution of our strong partnership, building on the success we have achieved to date. It underscores Mubadala\u2019s unwavering commitment to strategic value creation for Abu Dhabi and the UAE.<\/p>\n

\u201cBy unlocking the full potential of this prime landbank, we are not only expanding our premier business and lifestyle destination but also driving economic diversification and cultivating a world-class hub for business and community life.\u201d<\/p>\n

ADGM office space<\/h4>\n

Talal Al Dhiyebi, Group CEO of Aldar, said: \u201cThis expansion represents a pivotal milestone for Abu Dhabi\u2019s continued growth as a global financial centre, with ADGM at its heart. With Mubadala and Aldar\u2019s proven track record in master planning and delivering iconic destinations, we are collaborating to create a world-class, mixed-use environment that will attract leading businesses, investors, and talent from around the world.<\/p>\n

\u201cIt will support the UAE\u2019s vision for a diversified and knowledge-based economy while enhancing the capital\u2019s allure as a place to live, work, and invest.\u201d<\/p>\n

Salem Al Darei, CEO of ADGM Authority, said: \u201cToday\u2019s landmark expansion of Al Maryah Island marks a pivotal step in strengthening Abu Dhabi\u2019s standing as a global capital for finance. With ADGM at the heart of this transformation, the development reflects our ambition to create one of the world\u2019s most progressive and connected financial districts, an ecosystem where international institutions, investors, and innovators can thrive.<\/p>\n

\u201cThis next chapter reinforces Abu Dhabi\u2019s 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.\u201d<\/p>\n

Connectivity improvements form a core part of the masterplan, including 2.5km of air-conditioned pedestrian corridors, more than 12,000 parking spaces and 20 per cent open space in the heart of the financial district.<\/p>\n

Updated infrastructure <\/h4>\n

Three new bridges will link the north side of Al Maryah Island to Reem Island and Abu Dhabi mainland, ensuring Saadiyat Island is less than a 10-minute drive. Enabling works will commence in 2026.<\/p>\n

The joint venture \u2014 owned 60 per cent by Aldar and 40 per cent by Mubadala \u2014 builds on a longstanding partnership spanning more than two decades.<\/p>\n

The two entities have collaborated across commercial, retail, residential and logistics projects, including Al Maryah Tower, One Maryah Place and a retail joint venture nearing completion that will operate Abu Dhabi\u2019s leading malls: The Galleria Al Maryah Island, Yas Mall and the upcoming Saadiyat Grove Mall.<\/p>\n

The expansion marks the next chapter in shaping Al Maryah Island as one of Abu Dhabi\u2019s most important business and lifestyle destinations.<\/p>\n<\/div>\n

Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi firms Mubadala Investment Company and Aldar have announced a landmark joint venture to expand Al Maryah Island, unlocking the next phase of growth for the international financial district and reinforcing the capital\u2019s global position as the \u201cCapital of Capital.\u201d The development holds a gross value exceeding AED60bn ($16.34bn) and represents the largest expansion<\/p>\n","protected":false},"author":1,"featured_media":884206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38057,3031],"tags":[98635,10731],"class_list":{"0":"post-884205","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dhabi","8":"category-estate","9":"tag-dhabi","10":"tag-estate"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=884205"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/884205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/884206"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=884205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=884205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=884205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}