Aldar-Mubadala venture buys The Link in Masdar City

• Asset acquired for $178 million
• Masdar City home to 2,000 companies
• The Link is fully leased to tennants

A joint venture between Abu Dhabi-listed developer Aldar and Mubadala Investment Company, the $430-billion sovereign wealth fund, has acquired The Link at Masdar City.

The asset was acquired for AED654 million ($178 million), the companies said in a joint statement.

The joint venture, which was announced in September 2024, intended to own AED3 billion worth of income-generating real estate assets at Abu Dhabi’s sustainable urban community and free zone hub.

Masdar City hosts more than 2,000 companies from 90 countries.

The Link comprises 32,000 square metres of net leasable area across five buildings and is 100 percent leased to tenants, including Masdar and Mohamed bin Zayed University of Artificial Intelligence. 

The asset includes grade A office space, a net-zero energy headquarters building, a multi-use hall and residential accommodation.

Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments Platform, said the sovereign fund, through its partnership with Aldar, is scaling high-quality assets within Masdar City. 

Talal Al Dhiyebi, group chief executive officer of Aldar, said that buying The Link deepens its exposure to a sustainable urban development centred on clean energy, advanced technology and research.

Masdar City is Abu Dhabi’s premier destination for pioneering technology, advanced research and sustainability-driven commerce, the statement said.  

In February, the companies moved two of the emirate’s largest malls – Yas Mall and The Galleria Luxury Collection – under the control of a joint venture set up two years ago.

In December 2025, a fund management company launched by Aldar and Mubadala Capital, aiming to raise AED3.67 billion in 2026 by targeting real estate opportunities across the GCC.

• Abu Dhabi may merge China assets of L’imad and Mubadala
• Mubadala assets under management rise 17% to $385bn
• Aldar and Mubadala tie-up to scale Abu Dhabi retail offerings

Mubadala Capital is the alternative asset management subsidiary of $430 billion Mubadala Investment Company.

This month Aldar said it will develop thousands of “affordable” residential units in Abu Dhabi to bolster its develop-to-hold pipeline.

Aldar was listed on the Abu Dhabi Securities Exchange in 2005. Its shares were last trading at AED8.33 on Tuesday, up 0.7 percent. The shares are down more than 4 percent so far this year.

Mamoura Diversified Global Holding,  wholly owned by Mubadala, owns 26.76 percent of Aldar, according to the Tadawul website.