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Aldar Properties and Mubadala Investment Company announced on April 21, 2026, that their joint venture established in 2024 had acquired The Link at Masdar City for AED 654 million. The transaction includes a fully leased mixed-use development spanning five buildings with approximately 32,000 square metres of net leasable area, according to a statement filed by Aldar with the Abu Dhabi Securities Exchange. The asset is anchored by tenants that include Abu Dhabi Future Energy Company PJSC, known as Masdar, and the Mohamed bin Zayed University of Artificial Intelligence, the companies said.
The Link comprises office space, residential accommodation and a multi-use hall, and stands 100 per cent leased to a roster of globally competitive tenants focused on future-oriented sectors, Mubadala’s announcement reported. The acquisition advances the role of Masdar City as a leading global centre for clean energy, artificial intelligence and sustainability-driven commerce, according to the joint venture’s release. This purchase forms part of ongoing efforts to scale a high-quality, income-generating real estate portfolio in Abu Dhabi.
Masdar City has developed into a fully operational urban community that is home to more than 15,000 people and over 2,000 organisations from more than 90 countries, Masdar City data shows. The development produces 17,500 megawatt hours of clean electricity annually through on-site solar infrastructure across its net-zero energy buildings, a Fast Company Middle East report found. Abu Dhabi has committed AED 240 billion to infrastructure investment over the next decade, according to regional economic assessments.
The deal builds on a broader strategic partnership between Aldar and Mubadala that was inaugurated in September 2024 to develop and manage prime Abu Dhabi real estate assets valued at over AED 30 billion, the partners stated. That collaboration initially targeted AED 3 billion worth of income-generating assets at Masdar City before expanding, according to Mubadala’s earlier disclosures. The 2024 joint venture has now added The Link to its holdings as part of a series of acquisitions aimed at strengthening exposure to high-demand commercial properties.
Gross yields in Masdar City reach 8.5 to 9 per cent for studios and one-bedroom units, a District UAE investment guide from 2026 indicated. The area’s combination of advanced infrastructure, 100 per cent foreign ownership and zero import tariffs has drawn corporate tenants aligned with sustainability standards, according to the same guide. Institutional demand for such assets in Abu Dhabi has remained strong amid the emirate’s economic diversification initiatives.
The acquisition underscores continued confidence in Abu Dhabi’s growth trajectory and the demand for premium, income-producing real estate, Aldar’s statement to the exchange noted. The joint venture plans to integrate The Link into its existing management framework for similar properties in the area, according to details provided in the April 2026 release. No further financial terms or projected returns were disclosed in the initial announcement.
