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Aldar Properties, Mubadala JV Buys Abu Dhabi's Masdar City Square for AED918 Million

MT Newswires·09/16/2026 08:35:51
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08:35 AM EDT, 09/16/2026 (MT Newswires) -- A joint venture established by Aldar Properties (ADX:ALDAR) and Mubadala Investment purchased Masdar City Square in Abu Dhabi, United Arab Emirates, for 918 million Emirati dirhams. The transaction covers 47,000 square meters of net leasable area across seven office buildings, with a current occupancy of 99%, the real estate developer said Wednesday. The complex's tenants include Abu Dhabi National Energy Co., d/b/a Taqa, the UAE's Department of Energy, Emirates College, and Mohamed bin Zayed University of Artificial Intelligence. Aldar noted that the transaction boosts the overall value of the joint venture's real estate portfolio in Masdar City to 4.7 billion dirhams.