Aldar and Mubadala Announce AED60bn Al Maryah Island Expansion
Abu Dhabi is preparing for one of its largest real estate growth phases, as Mubadala Investment Company and Aldar announce a landmark joint venture to develop the final major landbank on Al Maryah Island, valued at more than AED 60 billion.
The project marks a major advancement in the evolution of Abu Dhabi’s international financial district and supports the emirate’s vision to become the global “Capital of Capital.”
Transforming the North Side of Al Maryah Island
According to both entities, the northern section of Al Maryah spans nearly 500,000 sqm and will be developed into a mixed-use district featuring:
- 1.5 million+ sqm of built-up space
- Grade A commercial offices
- Luxury residences
- Retail and hospitality offerings
- Expanded public waterfronts designed for lifestyle and community use
A key focus is the significant expansion of Abu Dhabi Global Market (ADGM), which already stands as one of the fastest-growing financial hubs globally, with over 11,000 active licences.
The new master plan will add 450,000 sqm of Grade A office space, effectively doubling the existing supply to meet rising demand. Nearly 40,000 professionals already work within ADGM, with waiting lists for prime office space.
Surge in Luxury Residential Demand
Demand for luxury waterfront homes continues to accelerate, fuelled by international investors and professionals relocating to Abu Dhabi.
Current branded residences include developments by W and St. Regis, with the new expansion set to introduce over 3,000 additional waterfront homes.
Lifestyle, Retail, and Hospitality Enhancements
Al Maryah Island will further strengthen its position as a lifestyle destination. Existing landmarks, including The Galleria, Cleveland Clinic Abu Dhabi, ACTIVE sports hub, and a rapidly expanding Michelin-recognised dining scene, will be complemented by:
- A redesigned Al Maryah Waterfront
- A 75-meter choreographed fountain
- New dining and leisure zones
- A marina and expanded event spaces
Additional hotels will support the rise in business tourism, building on current offerings such as Four Seasons and Rosewood.
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Connectivity and Infrastructure Upgrades
Improved access is central to the masterplan. The plans include:
- Three new bridges connecting Al Maryah to Reem Island and the mainland
- 2.5 km of climate-controlled pedestrian walkways
- 12,000+ parking spaces
- 20% dedicated open space
Enabling works are scheduled to begin in 2026.
Leadership Comments
Dr. Bakheet Al Katheeri of Mubadala stated that the joint venture unlocks the island’s “final major landbank” and accelerates its development into a world-leading financial and lifestyle hub.
Aldar CEO Talal Al Dhiyebi called the expansion a milestone for Abu Dhabi’s journey as a global financial centre. At the same time, ADGM Authority CEO Salem Al Darei emphasised the project’s role in strengthening the capital’s international competitiveness.
The joint venture is owned 60% by Aldar and 40% by Mubadala, marking a collaboration that has spanned more than two decades.
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