Financial District Expansion Planned in Abu Dhabi

Mubadala Investment Company and Aldar Properties are embarking on a significant Dh60 billion-plus expansion of Al Maryah Island in Abu Dhabi, aiming to transform the island into a leading global financial and lifestyle hub. The project will focus on the north side, the last undeveloped area of the financial district, covering nearly 500,000 square meters. This expansion will introduce 1.5 million square meters of new office, residential, retail, and hospitality spaces.

The expansion is designed to meet the growing demand for business space, with over 11,000 active licenses and nearly 40,000 employees already on the island. The plan includes over 450,000 square meters of premium offices, doubling the current supply. Furthermore, over 3,000 waterfront residences will be added, along with 40,000 square meters of high-end retail and dining options, and an expanded marina.

The master plan also incorporates infrastructure improvements, including three new bridges to Reem Island and the mainland, reducing travel times. The development will feature 2.5 kilometers of air-conditioned pedestrian corridors, 12,000 parking spaces, and 20% dedicated open space. Enabling works are expected to begin in 2026.

Aldar will hold a 60% stake in the joint venture, with Mubadala owning the remaining 40%. This project builds on a long-standing partnership between the two companies, who have previously collaborated on projects such as Al Maryah Tower and One Maryah Place. This expansion reinforces Abu Dhabi's vision to become a global financial capital.