Mubadala & Aldar invest Dh60B to expand Al Maryah Island, creating a world-class hub for business, lifestyle, and luxury living.
Abu Dhabi’s top investors, Mubadala Investment Company and property developer Aldar, will invest over Dh60 billion to expand Al Maryah Island. This project will strengthen Abu Dhabi’s position as the “Capital of Capital.”
What’s New on Al Maryah Island
The expansion will include:
- 1.5 million sqm of new office, residential, retail, and hotel space
- A lively waterfront with a fountain shooting water up to 75 meters high
- Restaurants, leisure, and event spaces along the waterfront
The project will combine business, lifestyle, and community spaces, making Al Maryah Island a top destination for living, working, and leisure.
Luxury Hotels and Homes
The expansion will add:
- New luxury hotels to join Four Seasons and Rosewood Abu Dhabi
- Over 3,000 luxury waterfront residences in branded developments like W and St. Regis
- Luxury homes on the island are in high demand due to the growing number of international investors and professionals.
Improved Infrastructure
The masterplan also includes:
- 2.5 km of air-conditioned walking paths for pedestrians
- 12,000+ parking spaces
- 20% open green spaces in the heart of the financial district
- Three new bridges connecting Al Maryah Island to Reem Island and the Abu Dhabi mainland
- Saadiyat Island less than 10 minutes away by car
Construction is expected to start in 2026.
Boosting Abu Dhabi Global Market (ADGM)
The expansion will strengthen ADGM, Abu Dhabi’s international financial hub:
- Over 11,000 active licenses registered
- Nearly 40,000 people already working in the district
- More than 450,000 sqm of Grade A office space will be added, doubling current supply
What the Leaders Say
Dr. Bakheet Al Katheeri, CEO of Mubadala UAE Investments Platform:
“This project is a major step in realizing Al Maryah Island’s full potential. It will grow Abu Dhabi’s business, residential, and retail areas and attract global investors.”
Talal Al Dhiyebi, Group CEO of Aldar:
“This expansion will create a world-class place for work, living, and investment, helping Abu Dhabi grow as a global financial hub.”
Salem Al Darei, CEO of ADGM Authority:
“Al Maryah Island will become one of the most advanced and connected financial districts in the world, where international businesses can thrive.”
Joint Venture and Retail Plans
- Aldar owns 60% and Mubadala owns 40% of the project
- The companies are also forming a retail joint venture to manage Abu Dhabi’s top malls, including:
- The Galleria Al Maryah Island
- Yas Mall
- Saadiyat Grove Mall (upcoming)