Aldar and Mubadala Form AED10 Billion Retail JV
Analysis based on 7 articles · First reported Feb 03, 2026 · Last updated Feb 03, 2026
The completion of this joint venture is expected to positively impact the real estate and retail sectors in United Arab Emirates===Abu Dhabi, enhancing its appeal as a luxury retail destination. It signifies continued investment and development, potentially boosting economic activity and investor confidence in the region.
Aldar Properties and Mubadala Investment Company have completed a strategic joint venture to establish a premier retail platform in United Arab Emirates===Abu Dhabi. This new platform, managed by Aldar Properties, consolidates landmark retail destinations, with Aldar Properties contributing Aldar Properties===Yas Mall and Mubadala Investment Company adding Mubadala Investment Company===The Galleria Al Maryah Island. These properties have a combined gross asset value of approximately AED10 billion ($2.72 billion) and boast high occupancy rates (99% for Aldar Properties===Yas Mall and 92% for Mubadala Investment Company===The Galleria Al Maryah Island). The venture aims to generate significant value through operational and revenue synergies and complements the recently announced AED60+ billion expansion of United Arab Emirates===Al Maryah Island. This collaboration is set to elevate United Arab Emirates===Abu Dhabi's global appeal as a luxury retail hub and strengthen the long-term strategic partnership between Aldar Properties and Mubadala Investment Company.
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