• Mubadala and Aldar launched a major joint venture to expand Al Maryah Island and reinforce Abu Dhabi’s status as the “Capital of Capital”.
• The development spans nearly 500,000 sqm of the island’s final undeveloped land bank, with a GDV above AED 60 billion.
• Plans include 1.5 million sqm of new office, residential, retail, and hospitality space integrating business, community, and lifestyle.
• ADGM will be significantly strengthened with over 450,000 sqm of new Grade A office space, doubling the current supply.
• ADGM now hosts over 11,000 active licences and nearly 40,000 people, making it one of the fastest-growing global financial hubs.
• High demand for luxury homes is driving development of branded residences such as W and St. Regis, with 3,000 more waterfront units planned.
• The expansion adds 40,000 sqm of experiential luxury retail, dining, and a world-class marina, enhancing The Galleria and other existing assets.
• A major highlight is the Al Maryah Waterfront project, with a 75-metre bay fountain and revitalized coastline for dining, leisure, and events.
• Hospitality capacity will grow with new hotels added to the Four Seasons Hotels and Resorts and Rosewood Abu Dhabi.
• Mubadala’s Dr. Bakheet Al Katheeri emphasized the project’s role in unlocking the island’s full potential and supporting Abu Dhabi’s economic diversification.
• Aldar’s Talal Al Dhiyebi highlighted the expansion as a milestone in strengthening Abu Dhabi’s global financial status and attracting global talent.
• ADGM’s Salem Al Darei noted the development as a major step toward building one of the world’s most progressive and connected financial districts.
• Connectivity upgrades include 2.5 km of air-conditioned pedestrian corridors, 12,000+ parking spaces, and 20% open space.
• Three new bridges will link the north side of Al Maryah Island with Reem Island and the mainland, reducing travel time to Saadiyat Island to under 10 minutes.
• Enabling works are set to begin in 2026.
• The JV is owned 60% by Aldar and 40% by Mubadala, continuing a 20-year collaboration.
• Both parties have a strong track record on Al Maryah Island, including Al Maryah Tower and the upcoming One Maryah Place.
• They are close to completing a retail JV covering The Galleria, Yas Mall, and the future Saadiyat Grove Mall.
• The Al Maryah Island expansion represents the next chapter in shaping Abu Dhabi’s most significant destinations.
