UAE In a bold move set to redefine Abu Dhabi’s skyline, Mubadala Investment Company and Aldar Properties have announced a Dhs60 billion joint venture to expand and transform Al Maryah Island. The partnership is poised to create a vibrant, modern, and sustainable urban hub that combines business, lifestyle, and leisure.
The project reflects the UAE’s continued commitment to economic diversification and real estate innovation, positioning Al Maryah Island as a global destination for investment, tourism, and community living.
Al Maryah Island has long been recognized as Abu Dhabi’s financial and business heart. Home to the Abu Dhabi Global Market and luxury hotels, the island already attracts local and international attention. With this ambitious joint venture, the island is set to evolve into a world-class destination that merges commerce, culture, and lifestyle seamlessly.
The expansion plan aims to introduce new residential, commercial, and recreational facilities, making the island a hub for both residents and visitors. The integration of modern architecture with green spaces and waterfront experiences promises a unique urban environment.
The joint venture between Mubadala and Aldar is one of the largest real estate investments in Abu Dhabi in recent years. The Dhs60 billion commitment highlights the confidence both companies have in the city’s growth potential and in Al Maryah Island’s strategic importance.
This investment is expected to stimulate the local economy by creating thousands of jobs across construction, retail, hospitality, and management sectors. Moreover, it will attract international investors and tourists, further cementing Abu Dhabi’s reputation as a global business and leisure destination.
The joint venture is designed to bring a multi-faceted transformation to Al Maryah Island, focusing on several key elements:
The expansion will feature luxury apartments, waterfront villas, and mixed-use communities tailored to diverse lifestyles. The design emphasizes comfort, privacy, and modern living while integrating seamlessly with the island’s natural surroundings.
A significant portion of the project will include premium office spaces to attract multinational corporations, startups, and financial institutions. The goal is to strengthen Abu Dhabi’s status as a global business hub.
The plan envisions high-end shopping districts, fine dining establishments, and entertainment venues. These additions aim to enhance the lifestyle offerings of Al Maryah Island, ensuring it becomes a top destination for residents and tourists alike.
Environmental sustainability is a key focus of the project. Green building standards, renewable energy integration, and smart city technologies will be incorporated throughout, reflecting the UAE’s commitment to sustainable urban development.
Mubadala and Aldar’s collaboration is built on shared values of innovation, quality, and long-term growth. By combining Mubadala’s financial strength and strategic investment experience with Aldar’s expertise in property development, the joint venture is positioned for success.
The project aligns with Abu Dhabi’s broader vision to enhance its global competitiveness and create urban spaces that inspire community engagement, business opportunities, and cultural experiences.
The development is expected to have far-reaching economic and social benefits. Job creation during and after construction will provide a significant boost to the local workforce. The project will also increase demand for services and retail, stimulating the wider economy.
Socially, Al Maryah Island’s expansion will create spaces that encourage community interaction, cultural events, and family-friendly activities. Residents and visitors will enjoy access to parks, waterfront promenades, and recreational facilities, contributing to an improved quality of life.
Given the scale and ambition of the project, Al Maryah Island is likely to attract global investors and developers looking for opportunities in the UAE’s dynamic real estate sector. The joint venture sends a strong message that Abu Dhabi is open for investment and committed to delivering world-class urban experiences.
The development’s appeal is not limited to the business community. With luxury residences, leisure facilities, and cultural spaces, the island is positioned to attract affluent residents and international tourists, further strengthening Abu Dhabi’s global profile.
While detailed timelines are yet to be fully disclosed, early phases are expected to commence within the next year. The project will unfold in multiple stages, with residential, commercial, and retail spaces being developed simultaneously to ensure cohesive growth.
Stakeholders anticipate that the expansion of Al Maryah Island will serve as a blueprint for future urban projects in Abu Dhabi, combining financial investment, urban planning, and sustainability in one comprehensive strategy.
The Dhs60 billion joint venture between Mubadala and Aldar marks a transformative moment for Al Maryah Island and Abu Dhabi as a whole. The project promises a blend of modernity, luxury, and sustainability, creating a vibrant hub that caters to business, lifestyle, and cultural needs.
This landmark development reflects the UAE’s vision for the future—dynamic, innovative, and globally competitive—while providing residents and visitors with an unmatched urban experience. Al Maryah Island is no longer just a financial district; it is set to become a world-class destination that embodies the spirit and ambition of Abu Dhabi.
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