Aldar and Mubadala Investment Company have finalised the purchase of The Link at Masdar City for AED 654 million. The acquisition was carried out through the joint venture the two firms established in 2024. This move is intended to expand their collection of high-quality, income-generating assets in Abu Dhabi. The Link is a mixed-use development that spans roughly 32,000 square metres of net leasable area across five different buildings. It is currently 100 per cent leased to prominent organisations such as the Abu Dhabi Future Energy Company PJSC (Masdar) and the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).

The site includes Grade A LEED Platinum office spaces and a headquarters building designed for Net-Zero energy. It also features residential housing and a multi-use hall, making it a central part of the sustainable urban landscape. Dr. Bakheet Al Katheeri, CEO of Mubadala’s UAE Investments Platform, said: “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. This investment also reflects Mubadala’s disciplined and responsible investment approach, focusing on sustainable infrastructure that delivers strong financial performance while supporting the UAE’s Net Zero ambitions and strengthening long-term economic resilience.”

This transaction highlights the strength of the knowledge economy in the UAE. Masdar City has become a major free zone that attracts significant international investment and talent. Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: “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.”

The deal further establishes the joint venture’s presence in a location known for pioneering technology and research. Ahmed Baghoum, Chief Executive Officer of Masdar City, said: “The Link marks a significant addition to Masdar City’s evolving destination, advancing a vision where sustainable development supports economic growth and future industries. Since Masdar City’s inception, over the past two decades, the vision continues to move boldly into the future, and we are proud to deliver this landmark development, further strengthening Abu Dhabi’s position as a leading hub for innovation and the UAE’s Net-Zero ambitions.” The purchase follows earlier acquisitions by the partners and supports national priorities regarding sustainable infrastructure and economic growth.