Aldar, Mubadala complete AED654m acquisition of The Link at Masdar City
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Aldar and Mubadala Investment Company have acquired The Link at Masdar City via their joint venture formed in 2024, in a transaction valued at AED654 million.
The purchase expands their portfolio of income-generating assets within Abu Dhabi’s sustainable urban developments, supported by steady institutional interest in the emirate’s real estate and innovation sectors.
The Link covers about 32,000 square metres of net leasable area across five buildings and is fully leased to tenants including Abu Dhabi Future Energy Company PJSC (Masdar) and Mohamed bin Zayed University of Artificial Intelligence.
The development includes Grade A LEED Platinum office space, a net-zero energy headquarters building, a multi-use hall and residential units.
Dr. Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments Platform, said the acquisition reflects confidence in Abu Dhabi’s long-term growth and its innovation-focused economy, adding that the partnership with Aldar supports expansion in Masdar City.
He said the investment aligns with Mubadala’s focus on sustainable infrastructure that delivers financial returns while supporting the UAE’s net zero targets and long-term economic resilience.
Talal Al Dhiyebi, Group CEO of Aldar, said the acquisition strengthens the company’s investment portfolio and reflects joint confidence in the fundamentals of Abu Dhabi’s real estate market.
Ahmed Baghoum, CEO of Masdar City, said the addition supports the city’s development as a destination for sustainable growth and future industries, reinforcing its role in advancing innovation and the UAE’s net zero goals.