Aldar Properties and Mubadala Investment Company have completed the acquisition of The Link at Masdar City through their joint venture, which was established in 2024.
The transaction is valued at AED654 million and marks a step in scaling an income-generating portfolio within one of the region’s sustainable urban developments.
The deal reflects investment momentum across Abu Dhabi’s real estate and innovation ecosystem, supported by institutional demand and confidence in the emirate’s economic fundamentals.
The Link at Masdar City acquired for AED 654 million in Aldar-Mubadala partnership deal
The Link comprises approximately 32,000 square metres of net leasable area across five buildings. The asset is 100 per cent leased to a roster of future-focused tenants, including Abu Dhabi Future Energy Company PJSC (Masdar) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).
The development includes Grade A LEED Platinum office space, a Net-Zero energy headquarters building, a multi-use hall, and residential accommodation, reinforcing its role within an integrated urban environment.
“This transaction reflects our continued confidence in Abu Dhabi’s long-term growth trajectory and the strength of its innovation-driven economy. Through our partnership with Aldar, we are scaling high-quality assets within Masdar City—one of the UAE’s leading platforms for clean energy, artificial intelligence, and advanced research,” Dr. Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments Platform said in a statement.
Dr Al Katheeri added that the investment underscores Mubadala’s approach, focusing on sustainable infrastructure that delivers financial performance while supporting the UAE’s Net Zero ambitions and strengthening long-term economic resilience.
“The acquisition of The Link marks another important step in our strategic partnership with Mubadala and reflects our shared belief in the long-term fundamentals of the Abu Dhabi real estate market. This high-quality, fully leased asset enhances the resilience and scale of Aldar’s investment portfolio, while deepening our exposure to an internationally renowned sustainable urban development centred on clean energy, advanced technology, and research,” Talal Al Dhiyebi, Group Chief Executive Officer of Aldar added.
“The Link marks a significant addition to Masdar City’s evolving destination, advancing a vision where sustainable development supports economic growth and future industries,” Ahmed Baghoum, Chief Executive Officer of Masdar City further explained.
Baghoum noted that since its inception over the past two decades, Masdar City has continued to advance its vision, with the transaction further strengthening Abu Dhabi’s position as a hub for innovation and supporting the UAE’s Net Zero ambitions.
