Aldar and Mubadala’s joint venture acquired The Link at Masdar City for AED 654 million.
The asset offers about 32,000 square metres of net leasable area across five buildings and is fully leased.
Key tenants include Masdar and Mohamed bin Zayed University of Artificial Intelligence.
The purchase sits within a wider Aldar-Mubadala real estate partnership launched in 2024 and valued at more than AED 30 billion.
The deal strengthens Abu Dhabi’s push to build Masdar City as a hub for sustainable industry, research, and advanced technology.
Aldar and Mubadala expand in Masdar City
A joint venture between Aldar Properties and Mubadala Investment Company has acquired The Link at Masdar City for AED 654 million, adding another income-generating asset to the two groups’ Abu Dhabi real estate platform. Aldar announced the transaction on April 21 and said the asset reinforces the partnership’s position in one of the emirate’s main districts for sustainable development and advanced technology.
The property spans roughly 32,000 square metres of net leasable area across five buildings. It is fully leased and includes office, residential, and multi-use space. Aldar said the tenant mix includes Masdar and Mohamed bin Zayed University of Artificial Intelligence, which places the asset inside Abu Dhabi’s clean energy and AI ecosystem.
What the asset adds
The Link is not a conventional office purchase. Masdar has described the development as part of Masdar City’s wider sustainable urban plan, and earlier project materials positioned it as a mixed-use scheme designed around low-carbon operations and next-generation workspaces. That makes the acquisition strategically relevant for investors seeking assets tied to Abu Dhabi’s long-term innovation agenda, not only its property cycle.
The development also adds a fully leased building into a market where occupancy quality matters as much as scale. For Aldar and Mubadala, that supports recurring income while increasing exposure to tenants linked to sectors Abu Dhabi continues to prioritize, especially clean energy, research, education, and digital infrastructure.
A broader 2024 partnership
The acquisition sits inside a broader partnership that Aldar and Mubadala unveiled in September 2024. At the time, the two groups said they would establish joint ventures to own and manage real estate assets valued at more than AED 30 billion, or roughly $8.2 billion, across Abu Dhabi. The Masdar City component formed one part of that wider platform.
Aldar’s 2024 results presentation showed that the Masdar City venture included income-generating assets inside the free zone as well as properties under construction. That gave the partnership a base in commercial and residential real estate tied to one of Abu Dhabi’s best-known sustainability districts even before the latest acquisition.
Why the deal matters
This is a modest-sized transaction compared with the full scale of the Aldar-Mubadala alliance, but it carries strategic weight. The asset is already leased, the tenant roster aligns with Abu Dhabi’s policy priorities, and the location strengthens exposure to Masdar City at a time when the emirate continues to position itself as a hub for climate technology, research, and artificial intelligence.
For the market, the message is straightforward: Aldar and Mubadala continue to deploy capital into stabilized Abu Dhabi assets that connect real estate demand with national growth sectors. That makes The Link acquisition more than a routine property purchase. It is also a signal about where long-term institutional capital in Abu Dhabi still wants to build.
Key facts at a glance
Buyer: Aldar-Mubadala joint venture
Asset: The Link, Masdar City
Deal value: AED 654 million
Size: Approximately 32,000 sqm net leasable area
Format: Five-building mixed-use development
Anchor tenants: Masdar and Mohamed bin Zayed University of Artificial Intelligence
Partnership background: Part of a 2024 Aldar-Mubadala real estate alliance valued at more than AED 30 billion
