Aldar and Mubadala acquire Masdar City Square for AED918 million
A joint venture between Aldar and Mubadala acquired the Masdar City Square office complex in Abu Dhabi for AED918 million. The seven-building complex has more than 47,000 square metres of leasable area and was reported to be 99% occupied.
The acquisition, announced on 16 September, expands the Masdar City portfolio of the Aldar-Mubadala joint venture established in 2024. The companies said the transaction brought the value of the venture’s commercial and residential assets in Masdar City to AED4.7 billion.
Masdar City Square contains more than 47,000 square metres of net leasable area across seven office buildings. Completed in the first quarter of 2026, the complex was reported to be 99% occupied, with tenants including TAQA, the Abu Dhabi Department of Energy, Emirates College and Mohamed bin Zayed University of Artificial Intelligence.
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Source: Emirates News Agency (WAM)
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