Overview
- The masterplan adds roughly 1.5 million sqm of mixed-use development spanning Grade A offices, hotels, retail and more than 3,000 waterfront residences.
- Over 450,000 sqm of new Grade A office space would about double the island’s current supply, addressing strong demand within the fast-growing ADGM district.
- Placemaking and mobility upgrades include a 75-metre bay fountain, 2.5 km of air‑conditioned pedestrian corridors, three new bridges, over 12,000 parking spaces and 20% open space.
- The new development vehicle is structured with Aldar holding 60% and Mubadala 40%.
- The partners said a separate retail joint venture is nearing legal completion to own and operate The Galleria, Yas Mall and the upcoming Saadiyat Grove Mall.